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    13 Unit Investment Package Dyersburg, TN 38024

    Sponsored
    For Sale
    $370,000

    MULTI_FAMILY - Dyersburg, TN

    Property size:
    16,848 SF
    Days on Market:
    1
    Last Refresh:
    Mar 3 at 6:06 pm

    Property Features for 13 Unit Investment Package

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Window features
    Vinyl Frames, Aluminum Frames, Wood Frames
    APN
    See Public Remarks
    Parking
    34
    Patio and Porch features
    Porch, Deck
    Appliances
    Dishwasher, Electric Oven, Electric Range, Gas Oven, Gas Range, Refrigerator
    Size
    16,848 SF

    Utilities

    Utilities
    Cable Available
    Sewer type
    Private Sewer
    Heating system
    Central, Natural Gas
    Cooling system
    Window Unit(s), Central Air
    Water source
    Public

    Building Details

    Year built
    2000
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Vinyl, Laminate, Carpet, Hardwood
    Building materials
    Brick, Vinyl Siding, Wood Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Seth Rodgers

    RentalCity (731) 664-2105

    Listing agent Seth Rodgers (731) 618-7925 License #370060

    Listing date Mar 3, 2026

    MLS# 2500337 Listing URL

    Copyright © 2026 Central West Tennessee Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Dyersburg Investment Package: 13 Units

    This investment package features thirteen units located in Dyersburg, Dyer County, Tennessee. The properties include: 406 Fryer St Newbern, built in 1958, with 1352 total square feet, currently occupied with a lease ending 5/19/25; 1912 Lynn St Dyersburg, built in 2019, with 1092 total square feet, currently occupied with a lease ending 7/2/25 and includes HVAC, stove, and refrigerator; 1632 Schaffer St Dyersburg, built in 1930, with 1366 total square feet, currently vacant; 300 Fuller Ave Dyersburg, built in 2019, with 1092 total square feet, currently occupied with a lease ending 10/22/25 and includes HVAC, stove, and refrigerator; 313 Reynolds Ave Dyersburg, built in 1940, with 1200 total square feet, with both units currently occupied with leases ending 9/28/25 and month to month; 433 Reynolds Ave Dyersburg, built in 1930, with 1,536 total square feet, currently occupied month to month; 907 Central St Dyersburg, built in 1945, with 1189 total square feet, currently vacant; 620 Peabody Ave Dyersburg, built in 1925, with 1128 total square feet, currently vacant and includes HVAC; 539 Thomas Ave Dyersburg, built in 1945, with 670 total square feet, currently occupied month to month; 604-606 Troy Ave Dyersburg, built in 1938, with 2184 total square feet, with both units currently vacant; 608 & 610 Troy Ave Dyersburg, built in 1953, with 2640 total square feet, with both units currently occupied with leases ending 4/15/25 and 5/3/25; 321 & 323 N King Ave Dyersburg, built in 1955, with 2030 total square feet, with one unit currently occupied with a lease ending 8/6/25 and one unit currently vacant; 540 Lake Rd Dyersburg, built in 1948, with 956 total square feet, currently occupied. The properties are all connected to public sewers. The total current monthly income is $6,885, and the gross scheduled monthly income is $9,935.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Dyersburg
    County
    Dyer
    State
    Tennessee
    Longitude
    -89.386268
    Latitude
    36.032576

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    FAQs

    What type of property is this?
    Apartment building - Thirteen-unit multifamily investment package in Dyersburg, Tennessee.
    Where is this apartment building located?
    The property is located at 13 Unit Investment Package Dyersburg, TN.
    What is the asking price?
    The asking price for this property is $370,000.
    What are key features of this property?
    This property features: - Investment package of 13 units with potential for separate sale of individual properties.; - Total current monthly income of $6,885 with a gross scheduled monthly income of $9,935.; - Mix of occupied units providing immediate income and vacant units offering potential for increased rents.
    (731) 618-7925
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    13 Unit Investment Package Dyersburg, TN 38024
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    We can help!
    Listing Contact
    Seth Rodgers
    Real Estate License ID: 370060
    (731) 618-7925
    Learn more
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