Skip main navigation
For sale by owner
  • $600,000

    373 Peabody Dr, Clarksville, TN 37042

    8beds
    3,900sqft
    : 
    $3,691/mo
    Get pre-qualified
    MultiFamily
    Built in 1994
    -- sqft lot
    $-- Zestimate®
    $154/sqft
    $-- HOA

    Overview

    Exceptional 4-Plex Investment Opportunity – No HOA! Don’t miss this well-maintained, income-producing four-unit apartment building situated on a spacious 0.32-acre lot in a desirable Clarksville location, just minutes from Fort Campbell, shopping, restaurants, schools, and major highways. This approximately 3,900-square-foot multifamily property features 8 bedrooms, 4 full bathrooms, and 4 half bathrooms across four separate units. Each unit includes its own kitchen, living room, and private entrance, making it ideal for long-term rentals, short-term rentals (subject to local regulations), or owner occupancy with rental income. The property has been thoughtfully updated with major improvements, including a new roof installed just 3 months ago, new carpet in two units, new vinyl flooring in one unit, a new mini-split A/C system in one unit, and newer kitchen appliances in two units. The building also features a crawl space for convenient access to utilities and maintenance. With no HOA, low-maintenance upgrades already completed, and a strong rental history, this property offers excellent cash-flow potential and long-term value. Whether you’re looking to expand your investment portfolio or own a turnkey multifamily property in one of Clarksville’s strongest rental markets, this is an opportunity you won’t want to miss. Property Features: * Four-unit multifamily building * Approximately 3,900 sq ft * 8 bedrooms * 4 full bathrooms and 4 half bathrooms * Spacious 0.32-acre lot (13,939 sq ft) * New roof (approximately 3 months old) * New carpet in 2 units * New vinyl flooring in 1 unit * New mini-split A/C system in 1 unit * Newer kitchen appliances in 2 units * Crawl space * No HOA * Convenient location near Fort Campbell, shopping, dining, schools, and major highways * Excellent income-producing investment with strong rental potential
    What the owner loves about this home
    What I love most about this property is its incredible income potential combined with the peace of mind of recent major updates. The new roof, updated flooring, newer appliances, and mini-split A/C mean many of the big-ticket improvements have already been completed. Each of the four units has its own kitchen, living room, and private living space, making it attractive to tenants or an owner who wants to live in one unit while renting the others. The property is located just minutes from Fort Campbell, shopping, restaurants, schools, and parks, making it a consistently desirable rental location. With no HOA, a spacious 0.32-acre lot, and a strong rental history, this is a low-maintenance investment with excellent long-term potential.
    35 days
    |
    833
    |
    13
    |
    Listed by:

    Property Owner (315) 489-2698

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 8
      • Full bathrooms: 4
      • 1/2 bathrooms: 4
      Heating
      • Forced air, Electric
      Cooling
      • Central
      Appliances
      • Included: Dishwasher, Dryer, Freezer, Garbage disposal, Range / Oven, Refrigerator, Washer
      Features
      • Flooring: Carpet, Laminate, Linoleum / Vinyl
      • Basement: None
      Interior area
      • Total interior livable area: 3,900 sqft

      Property

      Parking
      • Parking features: Garage - Attached
      Features
      • Exterior features: Brick
      Lot
      • Size: 13,939 Acres
      Details
      • Parcel number: 043AN00600000

      Construction

      Type & style
      • Home type: MultiFamily
      Materials
      • Foundation: Footing
      • Roof: Composition
      Condition
      • New construction: No
      • Year built: 1994

      Community & HOA

      Location
      • Region: Clarksville

      Financial & listing details

      • Price per square foot: $154/sqft
      • Tax assessed value: $461,100
      • Annual tax amount: $5,496
      • Date on market: 7/20/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,228/mo

        Price history

        DateEventPrice
        7/20/2026Listed for sale$600,000+212.5%$154/sqft
        Source: Owner Report a problem
        12/10/2014Sold$192,000-3.5%$49/sqft
        Source: Public Record Report a problem
        10/5/2014Listed for sale$199,000-11.6%$51/sqft
        Source: Exit Realty Clarksville #1580468 Report a problem
        10/5/2014Listing removed$599
        Source: Alliance Property Management Report a problem
        10/3/2014Price change$599-20.1%
        Source: Alliance Property Management Report a problem
        9/19/2014Listed for rent$750+42.9%
        Source: Alliance Property Management Report a problem
        10/10/2013Listing removed$525
        Source: Alliance Property Management Report a problem
        9/25/2013Price change$525-4.5%
        Source: Alliance Property Management Report a problem
        8/2/2013Listed for rent$550
        Source: Alliance Property Management Report a problem
        7/2/2013Listing removed$550
        Source: Alliance Property Management Report a problem
        6/15/2013Price change$550-4.3%
        Source: Alliance Property Management Report a problem
        6/4/2013Price change$575+9.5%
        Source: Alliance Property Management Report a problem
        2/14/2013Listed for rent$525
        Source: HotPads for Rent #1423244 Report a problem
        11/24/2011Listing removed$525
        Source: Exit Realty Clarksville #1320300 Report a problem
        11/16/2011Listed for rent$525
        Source: Exit Realty Clarksville #1320300 Report a problem
        11/8/2009Listing removed$225,000$58/sqft
        Source: Exit Realty Clarksville #1076416 Report a problem
        8/2/2009Listed for sale$225,000$58/sqft
        Source: Exit Realty Clarksville #1076416 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$5,496 +49.6%$184,440 +111.8%
        2023$3,675 $87,080
        2022$3,675 +41.1%$87,080
        2021$2,604 -25.6%$87,080 +60%
        2020$3,500 0%$54,425
        2019$3,501 $54,425 -33.2%
        2018$3,501 +36.5%$81,480 -2.4%
        2017$2,564 -28.8%$83,520
        2016$3,600 +2.3%$83,520
        2015$3,520 +1.4%$83,520
        2014$3,473 +4.3%$83,520 +9.9%
        2013$3,329 $76,000
        2011$3,329 +6.3%$76,000
        2010$3,131 -30.2%$76,000 -30.2%
        2009$4,487 $108,905
        2008-- $108,905 +34.5%
        2007$3,603 +0%$80,967
        2006$3,602 +7.5%$80,967 +14.5%
        2005$3,351 +5.6%$70,696
        2004$3,174 $70,696
        2002$3,174 $70,696 +6.3%
        2001-- $66,528 -60%
        2000-- $166,320
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 37042

        Getting around

        19 / 100
        Car-Dependent
        35 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        A local lender can help you make sure your offer is ready when you are.

        Browse local experts

        Similar homes