4-Unit Renovated
For Sale
$399,900
29 Camelot Cove, Jackson, TN 38305
Residential Income, Jackson, TN
Property Size3,458 SF
Price / SF$115.64
Days on Market9
Property Features for 29 Camelot Cove
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
4
Parking features
Open
Appliances
Electric Range, Range Hood, Refrigerator
Elementary school district
Jackson Madison Consolidated District
Standard status
Active
APN
066J A 009.26
Size
3,458 SF
Taxes and HOA fees
Tax Annual Amount
2555
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1975
Floors in Building
2
Number of units
3
Flooring type
Vinyl
Listing Agency:
Town and Country
(731) 668-7000
Listed By:
Kristen Londe · License #329613
(731) 431-2799
Added: Sep 29
Last Checked: Oct 7 at 2:06AM
MLS# 2604582
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.
Investment Insights
Based on property information with market context.
This 3,458-square-foot quadplex contains four residences, each arranged with two bedrooms and one full bathroom. Kitchens are equipped with electric ranges and refrigerators, and each unit has washer and dryer connections. Vinyl flooring, natural gas heat, and central electric air conditioning serve the property. Public water and sewer are available, with open parking on site.
Built in 1975, the property received renovations within the last five years, including a replacement roof, HVAC equipment, vinyl siding, and windows. The building is on a cul-de-sac with access to the US-45 Bypass and Hollywood Drive; local shopping is nearby.
Built in 1975, the property received renovations within the last five years, including a replacement roof, HVAC equipment, vinyl siding, and windows. The building is on a cul-de-sac with access to the US-45 Bypass and Hollywood Drive; local shopping is nearby.
Key Highlights
- Four units, each with two bedrooms and one full bathroom
- 3,458 square feet; built in 1975
- Renovations within the last 5 years include roof, HVAC, vinyl siding, and windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,077
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,540
$381.5K
Cap Rate 7%
$272,529
$272.5K
Cap Rate 9%
$211,967
$212.0K
Market Conditions
NOI Build-Up for 3,458 SF
Gross rent
$29.5K $8.52/SF
− Vacancy
−$2.2K −$0.64/SF
EGI
$27.3K $7.88/SF
− OpEx
−$8.2K −$2.36/SF
NOI
$19.1K $5.52/SF
Area
Madison County, TN
Vacancy
7.50%
Lease Rate
$8.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,540
Cap Rate 7%
$272,529
Cap Rate 9%
$211,967
Alternative Uses
Best Use
Multifamily LT 5
$272.5K
$238.5K – $318.0K
NOI $19,077 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$255.3K
$223.4K – $297.8K
NOI $17,868 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$712.1K
$623.1K – $830.8K
NOI $49,845 @ 7.0% cap · market cap 12.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
398
Businesses Nearby
Explore this area
Business Placement
Demographics for 38305, TN
52,686
Population
22,950
Households
2.3
Avg Household Size
40
Median Age
32%
College-Educated
94%
High-School Grad
128.0 sq mi
ZIP Area
412
Density / Sq Mi
$66,292
Median Household Income
$37,416
Median Earnings
$1,201
Median Rent
$221,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Each residence includes two bedrooms, a full bath, and kitchen appliances.
Where is this quadplex located?
The property is located at 29 Camelot Cove Jackson, TN.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Four units, each with two bedrooms and one full bathroom; 3,458 square feet; built in 1975; Renovations within the last 5 years include roof, HVAC, vinyl siding, and windows
