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26541115
26672938

919 Martin St, Clarksville, TN 37040 For Sale

SH
TN 338748, KY 244291
Unique Real Estate
Listed by Unique Real Estate
$4,995,000
686 days on market
Updated 99 days ago

Martin Place Townhomes

Details
APN 079C C 04200 000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 29,700
Net Rentable (SqFt) 29,700
Units 27
Cap Rate 6.88%
Pro-Forma Cap Rate 6.72%
Pro-Forma NOI $335,664
Price per SqFt $168
Broker Co-Op Yes
Class A
Year Built 2024 - 2025
Buildings 3
Stories 2
Zoning R-4
Parking Spaces 2 per unit

Phase Two - Martin Place Townhomes

Marketing description

Welcome to Phase Two of Martin Place Townhomes—an exceptional opportunity to acquire a pad-ready, fully approved development site in the heart of Clarksville. This phase consists of 24 units across Buildings B, C, and D, and 3 units in Building A currently cash flowing positioned! Building B is complete and being marketed for rent. Building C and D will be ready to bring to rental market June 2026.

Each townhome is designed with modern finishes, including two bedrooms with private en-suite bathrooms, upstairs laundry, granite countertops, stainless steel appliances, and either a deck or patio depending on elevation. The property is zoned to allow short-term rentals, creating flexibility for both traditional leasing strategies and higher-yield rental options.

Located just minutes from the revitalized downtown district and the F&M Bank Arena, Phase Two is strategically positioned to benefit from Clarksville’s rapid growth. Rent roll from Phase One (already producing income) is available upon request to support underwriting. Property may be purchased in full or by building, with acceptable terms.

Investment highlights

  • Each townhome features 2 bedrooms with private en-suite bathrooms, laundry conveniently located on the second floor, granite countertops, soft-close cabinetry, stainless steel appliances, blinds, and a deck or patio off the kitchen (elevation dependent). Zoned to allow for short-term rentals, this is a rare investment opportunity just minutes from the growing downtown district and the F&M Bank Arena.

Listing Contacts

SH
TN 338748, KY 244291
Unique Real Estate
Listed by Unique Real Estate

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Additional Information

Name
Shannon Heim
License
338748
Title
Broker of Record
Name
Shannon Heim
License
338748
Brokerage
Unique Real Estate
Brokerage Phone
931-933-7965
Title
Real Estate Broker
Brokerage Address
1811 Business Park Dr
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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