371 Peabody Dr Clarksville, TN $ 589,000
371 Peabody Dr
$ 589,000
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371 Peabody Dr

Clarksville, TN, 37042
$ 589,000
Bedrooms8 Baths8.0 Sq 4,000

Monthly Estimate*

$ 3,627

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Multi-Family Home for sale in Clarksville, TN

for $589,000 with 8 bedrooms and 8 full baths. This 4,000 square foot home was built in 1994.

Excellent investment opportunity with this well-maintained quadplex offering immediate income potential and room for growth. Currently 50% occupied, this property provides investors the advantage of existing rental income while presenting an opportunity to increase cash flow by leasing the remaining unit. Each of the four units features a desirable 2-bedroom, 1.5-bath floor plan designed to attract and retain tenants. Residents enjoy spacious living areas, functional eat-in kitchens, and thoughtfully designed layouts that support comfortable everyday living. The property has been consistently maintained, minimizing deferred maintenance concerns and making it a strong addition to any investment portfolio. Additional tenant-friendly amenities include trash service and lawn care included, helping simplify utility management and enhance tenant appeal. The property has also remained pet-free, contributing to its well-kept condition. Whether you're looking to expand your portfolio or acquire a multi-family property with stable income potential, this quadplex offers an attractive combination of occupancy, functionality, and long-term investment value. Don't miss the opportunity to own a quality income-producing property with upside potential.

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Multi-Family Active

Price

$ 589,000

Bedrooms

8

Full Bath

8

Property Type

Multi-Family

Taxes

$ 5,428

Style

Quadruplex

Year Built

1994

Town/City

Clarksville

County/Region

Montgomery

MLS | Web ID

3244553

Features
General
Living Area 4000
Sewer Public Sewer
Heating Central Electric
Cooling Central Air Electric
Utilities Electricity Available Water Available
Possession Negotiable
Zoning R-4
Garage Spaces 0
Construction Materials Brick Vinyl Siding
Year Built 1994
Tenant Pays Electricity Water
Stories Count 2
Levels Two
Gross Income 42720
County Montgomery County TN
Net Operating Income 40320
Operating Expense 2400
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name Northridge
Garage Y/N N
Rent Includes Trash Collection
Status Active
Directions Ft Campbell Blvd to Cunningham Lane right onto Minglewood left onto Peabody building is on the left.
High School Northwest High School
City Clarksville
Senior Community Y/N N
Number Of Units Total 4
Lot Size Units Acres
Elementary School Minglewood Elementary
Property Attached Y/N Y
Year Built Details Existing
Tax Annual Amount 5428
Middle/Junior High School New Providence Middle
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Total Actual Rent 1800
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Interior
Flooring Carpet Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Above Grade Finished Area 4000
Laundry Features Individual
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Other
Above Grade Finished Area Source Other
Above Grade Finished Area Unit Type Square Feet
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Exterior
Water Source Public
Total Parking 0
Inclusions No Furnishing
Building Area Total 4000
Lot Dimensions 63
Waterfront Y/N N
Covered Spaces 0
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Internal Only
Street Number 1 371
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* Excluded Features
List By
Century 21 Platinum Properties

Broker

kaylalevan@gmail.com

Email

Affordability Calculator

$4,079
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,627
Monthly Property Taxes
$452
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
245674 Elementary School
4313262 Middle School
Northwest High School High School
Pricing History
DatePricePrice ChangeDescription
6/17/2026$589,000 Listed Price

Map


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371 Peabody Dr, Clarksville, TN, 37042 is a Multi-Family Home for sale at $589,000 with 4,000 sqft. 371 Peabody Dr has 8 bedrooms, 8.0 baths, and was built in 1994. The property's zip code is 37042 which is in Clarksville, TN