Four-Unit Multifamily
808 Oak Arbor Ct, Clarksville, TN 37040
For Sale
$550,000
A 2009-built residential income property offers central electric air conditioning and a parking lot.
Property Size3,680 SF
Price / SF$149.46
Days on Market93
Property Features for 808 Oak Arbor Ct
General Information
Standard status
Size
Property subtype
Zoning
Net Operating Income
Taxes and HOA fees
Annual Taxes
Amenities
Central Air, Electric
Central, Electric
Parking Lot
Building Details
Building Size
Year Built
Stories
Listed By:
Cristen Bell
(931) 436-7404
Source:
Evrealestate
Added: Aug 9
Changed: Nov 7
Last Checked: Nov 8 at 6:17AM
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 Cristen Bell
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Investment Insights
Based on property information with market context.
This four-unit multifamily property contains 3,680 square feet and was built in 2009. The building has central electric air conditioning and a parking lot. It is located at 808 Oak Arbor Ct in Clarksville, Tennessee, in Montgomery County.
Key Highlights
- Four‑unit multifamily property with 3,680 square feet
- Built in 2009
- Central air conditioning; electric service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,238
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,760
$664.8K
Cap Rate 7%
$474,829
$474.8K
Cap Rate 9%
$369,311
$369.3K
Market Conditions
NOI Build-Up for 3,680 SF
Gross rent
$50.8K $13.80/SF
− Vacancy
−$3.3K −$0.90/SF
EGI
$47.5K $12.90/SF
− OpEx
−$14.2K −$3.87/SF
NOI
$33.2K $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 Rate 5%
$664,760
Cap Rate 7%
$474,829
Cap Rate 9%
$369,311
Alternative Uses
Best Use
Multifamily LT 5
$474.8K
$415.5K – $554.0K
NOI $33,238 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$424.0K
$371.0K – $494.7K
NOI $29,680 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$617.7K
$540.5K – $720.7K
NOI $43,241 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - A 2009-built residential income property offers central electric air conditioning and a parking lot.
Where is this quadplex located?
The property is located at 808 Oak Arbor Ct Clarksville, TN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Four‑unit multifamily property with 3,680 square feet; Built in 2009; Central air conditioning; electric service
