Brick
For Sale
$199,000
1061 Phelps Lane, Milan, TN 38358
Residential Income, Milan, TN
Property Size1,711 SF
Price / SF$116.31
Days on Market9
Property Features for 1061 Phelps Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
4
Parking features
Open, Driveway
Patio and Porch features
Porch
Appliances
Electric Range, Electric Water Heater, Refrigerator
Elementary school district
Milan School District
Standard status
Active
APN
140M C 001.00
Size
1,711 SF
Taxes and HOA fees
Tax Annual Amount
1850
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1978
Floors in Building
1
Number of units
3
Building materials
Brick
Roof type
Metal
Listing Agency:
Total Realty Source
(731) 574-9340
Listed By:
Ashley McMillan · License #364534
(731) 414-0317
Added: Oct 7
Last Checked: Oct 15 at 10:06AM
MLS# 2604750
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 1,711-square-foot duplex in Milan was built in 1978 and has brick construction with a metal roof. Interior features include central heating and air conditioning, ceiling fans, an electric range, an electric water heater, and a refrigerator. A porch and driveway parking are also present.
The property is connected to public water and sewer. Both units are currently rented, and an agent must be present for property visits.
The property is connected to public water and sewer. Both units are currently rented, and an agent must be present for property visits.
Key Highlights
- Two units are currently rented
- 1,711 square feet; built in 1978
- Brick construction with metal roof
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
Explore this area
Business Placement
Demographics for 38358, TN
12,153
Population
5,113
Households
2.4
Avg Household Size
40
Median Age
18%
College-Educated
89%
High-School Grad
82.7 sq mi
ZIP Area
147
Density / Sq Mi
$65,537
Median Household Income
$39,429
Median Earnings
$808
Median Rent
$157,900
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?
Duplex - Both units are tenant-occupied, with showings requiring an agent to accompany visitors.
Where is this duplex located?
The property is located at 1061 Phelps Lane Milan, TN.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Two units are currently rented; 1,711 square feet; built in 1978; Brick construction with metal roof
