Clarksville, TN 37040
$5,130,000.00
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! Vertical construction can begin immediately, offering investors the ability to capitalize on strong rental demand with minimal delay. 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.
Based on information submitted to the MLS GRID as of 2025-09-01T18:34:04+00:00. All data is obtained from various sources and may not have been verified by broker or MLS GRID.
Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Explore market data for Clarksville and the Martin Place Townhomes neighborhood
City-wide statistics
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Timeline of listing events and status changes
Currently active listing
1 week ago • Aug 23, 2025
10 days on market
$5,130,000.00
Property sold and closed
2 weeks ago • Aug 18, 2025
234 days on market
$1,150.00
Property sold and closed
9 months ago • Nov 12, 2024
90 days on market
$205,000.00
Sold: $205,000.00
Originally: $210,000.00
Property sold and closed
3 years ago • Nov 24, 2021
$125,000.00
Sold: $137,000.00
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