Multifamily Property with New
For Sale
$380,000
812 Bradley St, Clarksville, TN 37040
Multifamily asset near Austin Peay State University, the Marina, Ford Ice Center, restaurants, and Clarksville attractions.
Property Size2,400 SF
Price / SF$158.33
Days on Market58
Property Features for 812 Bradley St
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Multi-Family
Building Details
Year Built
1975
Listing Agency:
Keller Williams Realty Clarksville
Listed By:
Marion Jewell · License #237486
(931) 320-0852
Source:
Fykesrealtygroup
Added: Aug 18
Changed: Oct 6
Last Checked: Oct 12 at 9:00PM
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 Keller Williams Realty Clarksville
Investment Insights
Based on property information with market context.
This multifamily property in Clarksville contains 2,400 square feet and was built in 1975. The roof was replaced in March, providing a recent building improvement for future ownership or operation.
The property is positioned in the Clarksville area near Austin Peay State University, the Marina, Ford Ice Center, local restaurants, and other attractions. Its setting also provides access to the downtown area, placing dining, entertainment, and recreation nearby. The address is 812 Bradley St, Clarksville, TN 37040.
The property is positioned in the Clarksville area near Austin Peay State University, the Marina, Ford Ice Center, local restaurants, and other attractions. Its setting also provides access to the downtown area, placing dining, entertainment, and recreation nearby. The address is 812 Bradley St, Clarksville, TN 37040.
Key Highlights
- 2,400‑square‑foot multifamily property
- Roof replaced in March
- Built in 1975
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,356
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,120
$387.1K
Cap Rate 7%
$276,514
$276.5K
Cap Rate 9%
$215,067
$215.1K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$37.4K $15.60/SF
− Vacancy
−$2.2K −$0.94/SF
EGI
$35.2K $14.66/SF
− OpEx
−$15.8K −$6.60/SF
NOI
$19.4K $8.07/SF
Area
Clarksville, TN
Vacancy
6.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,120
Cap Rate 7%
$276,514
Cap Rate 9%
$215,067
Alternative Uses
Best Use
Apartment 5plus
$276.5K
$242.0K – $322.6K
NOI $19,356 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$402.9K
$352.5K – $470.0K
NOI $28,201 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
400
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily asset near Austin Peay State University, the Marina, Ford Ice Center, restaurants, and Clarksville attractions.
Where is this multifamily property located?
The property is located at 812 Bradley St Clarksville, TN.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: 2,400‑square‑foot multifamily property; Roof replaced in March; Built in 1975
