Two-Unit Duplex with
New
For Sale
$239,900
5 & 7 Judson St, Jackson, TN 38301
The property includes laundry features, garage space for both residences, and a yard.
Property Size2,559 SF
Price / SF$93.75
Days on Market5
Property Features for 5 & 7 Judson St
General Information
Standard status
Active
Size
2,559 SF
Property subtype
Multi-Family
Building Details
Year Built
1921
Listing Agency:
Wendell Alexander Realty
(731) 847-2187
Listed By:
Clear Choice Realty
(731) 847-2187
Source:
Clearchoicerealtytn
Added: Aug 26
Changed: Aug 29
Last Checked: Aug 26 at 12:34PM
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 Wendell Alexander Realty
Investment Insights
Based on property information with market context.
This 2,559-square-foot duplex contains two separately addressed residences within one property. The 5 Judson unit offers three bedrooms, one-and-a-half baths, and a laundry room, while the 7 Judson unit has one bedroom, one full bath, and laundry hookups. Each residence includes a garage, with window air-conditioning units and natural gas heat serving both units.
Built in 1921, the property is located at 5 & 7 Judson St in Jackson’s Bemis community. Its two-unit layout accommodates residential income use and also allows an owner to occupy one residence while leasing the other, as supported by the existing configuration.
Built in 1921, the property is located at 5 & 7 Judson St in Jackson’s Bemis community. Its two-unit layout accommodates residential income use and also allows an owner to occupy one residence while leasing the other, as supported by the existing configuration.
Key Highlights
- 2,559‑square‑foot duplex with two residential units
- 5 Judson unit includes 3 bedrooms, 1.5 baths, and a laundry room
- 7 Judson unit includes 1 bedroom, 1 full bath, and laundry hookups
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,117
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$282,340
$282.3K
Cap Rate 7%
$201,671
$201.7K
Cap Rate 9%
$156,856
$156.9K
Market Conditions
NOI Build-Up for 2,559 SF
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.
Gross rent
$21.8K $8.52/SF
− Vacancy
−$1.6K −$0.64/SF
EGI
$20.2K $7.88/SF
− OpEx
−$6.1K −$2.36/SF
NOI
$14.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$282,340
Cap Rate 7%
$201,671
Cap Rate 9%
$156,856
Alternative Uses
Best Use
Multifamily LT 5
$201.7K
$176.5K – $235.3K
NOI $14,117 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$188.9K
$165.3K – $220.4K
NOI $13,222 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$526.9K
$461.1K – $614.8K
NOI $36,886 @ 7.0% cap · market cap 15.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
292
Businesses Nearby
Explore this area
Business Placement
Demographics for 38301, TN
34,170
Population
15,769
Households
2.2
Avg Household Size
37
Median Age
16%
College-Educated
85%
High-School Grad
150.9 sq mi
ZIP Area
226
Density / Sq Mi
$40,062
Median Household Income
$28,542
Median Earnings
$958
Median Rent
$119,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - The property includes laundry features, garage space for both residences, and a yard.
Where is this duplex located?
The property is located at 5 & 7 Judson St Jackson, TN.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: 2,559‑square‑foot duplex with two residential units; 5 Judson unit includes 3 bedrooms, 1.5 baths, and a laundry room; 7 Judson unit includes 1 bedroom, 1 full bath, and laundry hookups
