Three-Unit Multifamily
New
For Sale
$290,000
1760 Hollywood Dr, Jackson, TN 38305
The property combines a three-bedroom house with a separate two-unit apartment building.
Property Size4,000 SF
Price / SF$72.50
Days on Market3
Property Features for 1760 Hollywood Dr
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 2 x 2BR/1BA
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1951
Listing Agency:
Mciver Land & Realty
Listed By:
Clear Choice Realty
(731) 847-2187
Source:
Clearchoicerealtytn
Added: Oct 28
Last Checked: Oct 30 at 1:40PM
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 Mciver Land & Realty
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Investment Insights
Based on property information with market context.
This multifamily property includes three rental units across a house and a rear apartment building. The house has three bedrooms, two bathrooms, hardwood floors, and 2,000 square feet of living area. The separate apartment building contains two units, each with two bedrooms, one bathroom, and 1,000 square feet. The property was built in 1951.
Key Highlights
- Three rental units: one house and a separate two‑unit apartment building
- House offers 3 bedrooms, 2 baths, hardwood floors, and 2,000 square feet
- Each apartment unit has 2 bedrooms, 1 bath, and 1,000 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,668
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,360
$413.4K
Cap Rate 7%
$295,257
$295.3K
Cap Rate 9%
$229,644
$229.6K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$40.3K $10.08/SF
− Vacancy
−$2.7K −$0.69/SF
EGI
$37.6K $9.39/SF
− OpEx
−$16.9K −$4.23/SF
NOI
$20.7K $5.17/SF
Area
Madison County, TN
Vacancy
6.80%
Lease Rate
$10.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,360
Cap Rate 7%
$295,257
Cap Rate 9%
$229,644
Alternative Uses
Best Use
Apartment 5plus
$295.3K
$258.4K – $344.5K
NOI $20,668 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$823.7K
$720.7K – $961.0K
NOI $57,658 @ 7.0% cap · market cap 19.88%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
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Business Placement
Demographics for 38305, TN
52,686
Population
22,950
Households
2.3
Avg Household Size
40
Median Age
32%
College-Educated
94%
High-School Grad
128.0 sq mi
ZIP Area
412
Density / Sq Mi
$66,292
Median Household Income
$37,416
Median Earnings
$1,201
Median Rent
$221,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The property combines a three-bedroom house with a separate two-unit apartment building.
Where is this multifamily property located?
The property is located at 1760 Hollywood Dr Jackson, TN.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Three rental units: one house and a separate two‑unit apartment building; House offers 3 bedrooms, 2 baths, hardwood floors, and 2,000 square feet; Each apartment unit has 2 bedrooms, 1 bath, and 1,000 square feet
