New Construction
For Sale
$516,900
60 E Fork Dr, Clarksville, TN 37042
Two matching residences offer main-level primary suites, private laundry hookups, and separately metered electric service.
Property Size2,676 SF
Price / SF$193.16
Days on Market144
Property Features for 60 E Fork Dr
General Information
Standard status
Active
Size
2,676 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Amenities
in-unit laundry hookups
granite countertops
Building Details
Buildings
1
Listing Agency:
Byers & Harvey Inc.
(931) 980-2350
Listed By:
Erich (Rak) Sorensen · License #328052
(931) 980-2350
Source:
Exprealty
Added: Mar 26
Changed: Aug 15
Last Checked: Aug 16 at 9:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Byers & Harvey Inc.
Investment Insights
Based on property information with market context.
This newly built duplex contains 2,676 square feet across two matching units. Each residence offers 3 bedrooms and 2.50 baths, with the primary bedroom positioned on the main floor. Planned finishes include laminate, tile, carpet, and granite countertops. Both sides also include in-unit laundry hookups and separate electric meters, while water is served through a shared main meter with usage allocated by unit.
The property is located at 60 E Fork Dr in Clarksville, Tennessee, minutes from Fort Campbell, schools, and shopping. Austin Peay State University and historic downtown Clarksville are approximately 15 minutes away, while downtown Nashville is about 1 hour away. The home is expected to be move-in ready by July 1 and may accommodate either long-term or short-term rental use, including Airbnb, as stated in the property information.
The property is located at 60 E Fork Dr in Clarksville, Tennessee, minutes from Fort Campbell, schools, and shopping. Austin Peay State University and historic downtown Clarksville are approximately 15 minutes away, while downtown Nashville is about 1 hour away. The home is expected to be move-in ready by July 1 and may accommodate either long-term or short-term rental use, including Airbnb, as stated in the property information.
Key Highlights
- 2,676‑square‑foot new construction duplex
- Two 3‑bedroom, 2.50‑bath units
- Primary bedroom on the main floor in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,170
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$483,400
$483.4K
Cap Rate 7%
$345,286
$345.3K
Cap Rate 9%
$268,556
$268.6K
Market Conditions
NOI Build-Up for 2,676 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.9K $13.80/SF
− Vacancy
−$2.4K −$0.90/SF
EGI
$34.5K $12.90/SF
− OpEx
−$10.4K −$3.87/SF
NOI
$24.2K $9.03/SF
Area
Clarksville, TN
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$483,400
Cap Rate 7%
$345,286
Cap Rate 9%
$268,556
Alternative Uses
Best Use
Multifamily LT 5
$345.3K
$302.1K – $402.8K
NOI $24,170 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$308.3K
$269.8K – $359.7K
NOI $21,582 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$449.2K
$393.1K – $524.1K
NOI $31,444 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Explore this area
Business Placement
Demographics for 37042, TN
83,498
Population
35,433
Households
2.4
Avg Household Size
29
Median Age
26%
College-Educated
94%
High-School Grad
56.9 sq mi
ZIP Area
1,467
Density / Sq Mi
$66,435
Median Household Income
$38,716
Median Earnings
$1,196
Median Rent
$220,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences offer main-level primary suites, private laundry hookups, and separately metered electric service.
Where is this duplex located?
The property is located at 60 E Fork Dr Clarksville, TN.
What is the asking price?
The asking price for this property is $516,900.
What are key features of this property?
This property features: 2,676‑square‑foot new construction duplex; Two 3‑bedroom, 2.50‑bath units; Primary bedroom on the main floor in each unit
