Duplex with Separate
For Sale
$415,000
114 Wix Ave, Portland, TN 37148
Fully leased duplex with individual utility meters, tenant-paid utilities, and efficient two-bedroom unit layouts.
Property Size1,980 SF
Days on Market12
Property Features for 114 Wix Ave
General Information
Standard status
Active
Size
1,980 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
RES
Occupancy
100%
Financials
Cap Rate
6%
Gross Income
$33,600
Average Monthly Rent
$1,400
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,601
Amenities
washer/dryer connections
stainless steel appliances
Building Details
Building Size
1,980 SF
Year Built
2022
Buildings
1
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
Real Broker
(615) 440-8179
Listed By:
Ann Blackburn
(615) 440-8179
Source:
Firstrealty
Added: Jul 27
Changed: Aug 7
Last Checked: Aug 7 at 3:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Broker
Investment Insights
Based on property information with market context.
Built in 2022, this residential duplex contains two units, each offering 2 bedrooms, 1.5 baths, a functional floor plan, and a modern kitchen with stainless steel refrigerator, stove, microwave, and dishwasher. Both residences have washer and dryer connections, separate entrances, and access to a concrete parking pad. The property is being sold as-is, with inspections permitted.
Individual utility meters place utility costs with the tenants, while the building is served by city water and sewer. The property is zoned RES, has no HOA fees, and is Section 8 approved. Both units are leased, and the property reports a 6% cap rate. Located at 114 Wix Ave in Portland, TN, the duplex requires 24-hour notice for showings and proof of funds; tenant privacy is requested.
Individual utility meters place utility costs with the tenants, while the building is served by city water and sewer. The property is zoned RES, has no HOA fees, and is Section 8 approved. Both units are leased, and the property reports a 6% cap rate. Located at 114 Wix Ave in Portland, TN, the duplex requires 24-hour notice for showings and proof of funds; tenant privacy is requested.
Key Highlights
- Two‑unit duplex built in 2022
- Each unit includes 2 bedrooms and 1.5 baths
- Stainless steel kitchen appliances in both units
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
Explore this area
Business Placement
Demographics for 37148, TN
25,318
Population
9,919
Households
2.6
Avg Household Size
38
Median Age
14%
College-Educated
88%
High-School Grad
131.9 sq mi
ZIP Area
192
Density / Sq Mi
$77,684
Median Household Income
$39,949
Median Earnings
$1,082
Median Rent
$273,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Fully leased duplex with individual utility meters, tenant-paid utilities, and efficient two-bedroom unit layouts.
Where is this duplex located?
The property is located at 114 Wix Ave Portland, TN.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2022; Each unit includes 2 bedrooms and 1.5 baths; Stainless steel kitchen appliances in both units
