48 Units For Sale - The Rowe at Gate 1 162 Jack Miller Blvd 48 Unit Apartment Building For Sale Clarksville, TN 37042

The Rowe at Gate 1 presents a rare opportunity to acquire a 48-unit, Class A townhome community in Clarksville, Tennessee—one of the state’s fastest-growing cities. Built in 2020, this modern asset spans 55,872 SF across six buildings on 6.19 acres, offering a low-maintenance investment with strong fundamentals. Each unit features a spacious 1,117 SF two-bedroom, 2.5-bath layout with private entrances, contemporary finishes, and in-unit laundry, catering to long-term renters seeking quality and privacy.
The property boasts 91.66% occupancy and a trailing twelve-month NOI of $457,115, with a projected Year 1 NOI of $513,797. Current average rents of $1,437 per unit reflect the premium positioning of this asset in the Clarksville market. With minimal deferred maintenance and predictable operating expenses, The Rowe at Gate 1 offers investors a stable, income-producing property with upside potential through continued rent growth.
Strategically located just minutes from Fort Campbell and 45 minutes northwest of Nashville, the property benefits from robust demand drivers, including a growing population, expanding healthcare and logistics sectors, and a strong military presence. Clarksville’s affordability, job growth, and vibrant community make this an ideal market for sustained occupancy and rent appreciation. This is a turnkey opportunity for investors seeking predictable cash flow, strong tenant profiles, and a high-quality asset in a thriving submarket.