Residential Income Duplex
117 Pierce Road Jacksboro, TN 37757
117 Pierce Road, Jacksboro, TN, 37757
$475,000
For Sale
$475,000
Property includes a primary 4-bedroom home, a 1-bedroom apartment, and three spacious garage areas that could be converted.
Property Size4,650 SF
Price / SF$102.15
Days on Market689
Property Features for 117 Pierce Road
General Information
- Standard status
- Active
- Size
- 4,650 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1962
Listing agency
Tammaro Realty, LLC
Listed by
Helen Tammaro
Source
Compass
Added: Sep 1, 2024 Updated: Jul 21 at 6:18AM Checked: Jul 21 at 6:18AM
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 Tammaro Realty, LLC
Investment Insights
Based on property information with market context.
This residential income property is currently configured under one roof with a large 4-bedroom primary residence and a separate 1-bedroom apartment. Additional space includes three spacious garage areas that could be converted to create more apartment units, subject to renovation.
The property also features five storage units with 12-foot doors, providing substantial on-site storage for current operations or future tenant needs.
With multiple live/workable components already in place and interior conversion potential through renovation, the property offers flexibility for buyers seeking to expand unit count under the existing structure.
The property also features five storage units with 12-foot doors, providing substantial on-site storage for current operations or future tenant needs.
With multiple live/workable components already in place and interior conversion potential through renovation, the property offers flexibility for buyers seeking to expand unit count under the existing structure.
Key Highlights
- Property under the same roof includes a primary 4‑bedroom residence plus a 1‑bedroom apartment
- 3 spacious garage areas on‑site could be converted to additional apartments
- 5 storage units on the property with 12 ft doors
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.0k | $17.64 |
| − Vacancy | −$6.2k | −$1.32 |
| EGI | $75.9k | $16.32 |
| − OpEx | −$34.1k | −$7.34 |
| NOI | $41.7k | $8.97 |
4,650 SF · lease $17.64/SF/yr · vacancy 7.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$647.8K
$566.9K – $755.8K
NOI $45,349 @ 7.0% cap · market cap 9.55%
Second Best
Apartment 5plus
$596.2K
$521.6K – $695.5K
NOI $41,731 @ 7.0% cap · market cap 8.79%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,620 @ 7.0% cap · market cap 16.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bloomin Bud's Indoor ...
Landscaping
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FAQs
What type of property is this?
Duplex - Property includes a primary 4-bedroom home, a 1-bedroom apartment, and three spacious garage areas that could be converted.
Where is this duplex located?
The property is located at 117 Pierce Road Jacksboro, TN.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Property under the same roof includes a primary 4‑bedroom residence plus a 1‑bedroom apartment; 3 spacious garage areas on‑site could be converted to additional apartments; 5 storage units on the property with 12 ft doors
