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Four-Unit Duplex Package
New
For Sale
$580,000

1063 - 1065 & 1085 - 1087 Craig Drive, Milan, TN 38358

Residential Income, Milan, TN

Property Size4,479 SF
Lot Size0.64 Acres
Price / SF$129.49
Days on Market3

Property Features for 1063 - 1065 & 1085 - 1087 Craig Drive

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description Duplex
Parking 8
Parking features Carport
Window features Shutters, Aluminum Frames
Patio and Porch features Patio, Deck
Exterior features Rain Gutters
Elementary school district Milan School District
Standard status Active
APN 143D C 002.03/143D C 002.05
Size 4,479 SF
Lot size 0.64 Acres

Taxes and HOA fees

Tax Annual Amount 4452

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air
Water source Public

Amenities

private outdoor space
back decks
covered back patios
utility storage
storage shed

Building Details

Year built 1985
Floors in Building 1
Flooring type Vinyl, Carpet
Building materials Brick, Vinyl Siding
Roof type Composition
Listing Agency: L A Realty,LLC
Listed By: Adam Parker Arnold · License #373650
Added: Aug 26 Last Checked: Aug 28 at 3:06PM
MLS# 2604062

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 four-unit residential property consists of two duplex buildings totaling 4,479 square feet on 0.64 acres. Three units feature recent interior work, including LVP flooring, new paint, updated fixtures, and updated faucets. One unit includes a newer HVAC system, stainless steel appliances, and granite countertops, while another has a new stove. The 1063-1065 building has a new architectural shingle roof.

Each unit includes private outdoor space and additional utility storage. Back decks serve 1063-1065, while 1085-1087 offers covered back patios. Separate gas and electric meters place utility responsibility with the tenants. The property also includes two one-car carports and a storage shed. Current leases extend through 2027. Public water and public sewer serve the buildings, which feature brick and vinyl siding, central air, forced-air heating, and composition roofing.

Key Highlights

  • Two duplex buildings with 4 total units and 4,479 square feet
  • 0.64‑acre property at 1063 - 1065 & 1085 - 1087 Craig Drive, Milan, TN 38358
  • Current leases are in place through 2027

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Plumbing Service (Bike/Boat/Book/etc) Store Furniture & Home Goods Skin Care Clinic Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

60
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two buildings provide updated interiors, private outdoor areas, separate utility metering, and carport parking.
Where is this duplex located?
The property is located at 1063 - 1065 & 1085 - 1087 Craig Drive Milan, TN.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Two duplex buildings with 4 total units and 4,479 square feet; 0.64‑acre property at 1063 - 1065 & 1085 - 1087 Craig Drive, Milan, TN 38358; Current leases are in place through 2027
More about this property
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