Duplex with Detached
For Sale
$240,000
706 Woodmont Blvd, Clarksville, TN 37040
Residential duplex with central air, central heating, and a detached parking lot in Clarksville.
Property Size1,322 SF
Price / SF$181.54
Days on Market266
Property Features for 706 Woodmont Blvd
General Information
Standard status
Active
Size
1,322 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
Res
Taxes and HOA fees
Annual Taxes
$999
Amenities
Central Air
Central
Detached, Parking Lot
Building Details
Building Size
1,322 SF
Year Built
1941
Stories
1
Listing Agency:
Blue Cord Realty, LLC
(931) 542-4585
Listed By:
Samantha Kellett · License #323043
(931) 542-4585
Source:
Evrealestate
Added: Dec 9, 2025
Changed: Aug 30
Last Checked: Aug 31 at 2:32PM
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 Blue Cord Realty, LLC
Investment Insights
Based on property information with market context.
This residential duplex in Clarksville offers 1,322 square feet of property size, central air, and central heating. The property includes a detached parking lot and was built in 1941.
Located at 706 Woodmont Blvd in Montgomery County, the property carries Res zoning and is identified as a duplex within the multifamily and residential income property classifications.
Located at 706 Woodmont Blvd in Montgomery County, the property carries Res zoning and is identified as a duplex within the multifamily and residential income property classifications.
Key Highlights
- Duplex property with 1,322 square feet
- Res zoning in Montgomery County
- Central air and central heating
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
$11,940
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
4.98%
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%
$238,800
$238.8K
Cap Rate 7%
$170,571
$170.6K
Cap Rate 9%
$132,667
$132.7K
Market Conditions
NOI Build-Up for 1,322 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
$18.2K $13.80/SF
− Vacancy
−$1.2K −$0.90/SF
EGI
$17.1K $12.90/SF
− OpEx
−$5.1K −$3.87/SF
NOI
$11.9K $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%
$238,800
Cap Rate 7%
$170,571
Cap Rate 9%
$132,667
Alternative Uses
Best Use
Multifamily LT 5
$170.6K
$149.3K – $199.0K
NOI $11,940 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$152.3K
$133.3K – $177.7K
NOI $10,662 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$221.9K
$194.2K – $258.9K
NOI $15,534 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
Explore this area
Business Placement
Demographics for 37040, TN
60,382
Population
24,628
Households
2.5
Avg Household Size
31
Median Age
30%
College-Educated
94%
High-School Grad
92.8 sq mi
ZIP Area
651
Density / Sq Mi
$65,331
Median Household Income
$40,621
Median Earnings
$1,177
Median Rent
$242,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Residential duplex with central air, central heating, and a detached parking lot in Clarksville.
Where is this duplex located?
The property is located at 706 Woodmont Blvd Clarksville, TN.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Duplex property with 1,322 square feet; Res zoning in Montgomery County; Central air and central heating
