Renovated
For Sale
$224,900
81 Carolane Drive, Jackson, TN 38305
Residential Income, Jackson, TN
Property Size2,204 SF
Price / SF$102.04
Days on Market215
Property Features for 81 Carolane Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
4
Appliances
Electric Range, Refrigerator
Elementary school district
Jackson Madison Consolidated District
Directions
From 1944 US-45 Bypass in Jackson, head north on US-45 Bypass (Keith Short Bypass) for about 0.8 miles. Turn right onto Hollywood Drive and continue for approximately 1.3 miles. Then turn left onto Carolane Drive and continue straight until you reach 81 Carolane Drive, which will be located along that street.
Standard status
Active
APN
066J A 009.13
Size
2,204 SF
Taxes and HOA fees
Tax Annual Amount
662
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
range
refrigerator
washer/dryer connections
Building Details
Year built
1974
Floors in Building
1
Number of units
3
Listing Agency:
Town and Country
(731) 668-7000
Listed By:
Kristen Londe · License #329613
(731) 431-2799
Added: Mar 6
Changed: Sep 4
Last Checked: Oct 7 at 3:06AM
MLS# 2600949
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 duplex contains 2204 square feet with two residential units, each configured with 2 bedrooms and 1 full bathroom. Both sides include a kitchen equipped with an electric range and refrigerator, along with washing machine and dryer connections. Central heating and central air serve the property.
Renovations completed within the past 5 years include a new roof, new HVAC units, and new windows. Built in 1974, the property is served by public water and public sewer. Its cul-de-sac setting provides access to the US-45 Bypass, Hollywood Dr, and local shopping.
Renovations completed within the past 5 years include a new roof, new HVAC units, and new windows. Built in 1974, the property is served by public water and public sewer. Its cul-de-sac setting provides access to the US-45 Bypass, Hollywood Dr, and local shopping.
Key Highlights
- Duplex totaling 2204 square feet
- Each side includes 2 bedrooms and 1 full bathroom
- Renovations completed within the past 5 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,159
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,180
$243.2K
Cap Rate 7%
$173,700
$173.7K
Cap Rate 9%
$135,100
$135.1K
Market Conditions
NOI Build-Up for 2,204 SF
Gross rent
$18.8K $8.52/SF
− Vacancy
−$1.4K −$0.64/SF
EGI
$17.4K $7.88/SF
− OpEx
−$5.2K −$2.36/SF
NOI
$12.2K $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%
$243,180
Cap Rate 7%
$173,700
Cap Rate 9%
$135,100
Alternative Uses
Best Use
Multifamily LT 5
$173.7K
$152.0K – $202.7K
NOI $12,159 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$162.7K
$142.4K – $189.8K
NOI $11,388 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$453.8K
$397.1K – $529.5K
NOI $31,769 @ 7.0% cap · market cap 14.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature updated systems, separate kitchens, and laundry connections.
Where is this duplex located?
The property is located at 81 Carolane Drive Jackson, TN.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Duplex totaling 2204 square feet; Each side includes 2 bedrooms and 1 full bathroom; Renovations completed within the past 5 years
