Three-Unit Residential Income
New
For Sale
$290,000
1760 Hollywood Drive, Jackson, TN 38305
Residential Income, Jackson, TN
Property Size4,200 SF
Price / SF$69.05
Days on Market3
Property Features for 1760 Hollywood Drive
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking
4
Parking features
Open
Appliances
Electric Range, Refrigerator
Elementary school district
Jackson Madison Consolidated District
Standard status
Active
APN
066 038.00
Size
4,200 SF
Taxes and HOA fees
Tax Annual Amount
1978
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1951
Floors in Building
2
Number of units
3
Building materials
Brick, Wood Siding
Listing Agency:
Coldwell Banker Southern Realty · Coldwell Banker Real Estate
(731) 668-1777
Listed By:
Peggy Graves · License #202797
(731) 225-6920
Added: Oct 26
Last Checked: Oct 28 at 8:06AM
MLS# 2605018
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.
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Investment Insights
Based on property information with market context.
This three-unit residential income property includes a 2,200-square-foot house with three bedrooms, two bathrooms, and hardwood floors. A separate rear apartment building contains two units, each with two bedrooms and one bathroom, bringing the total building area to 4,200 square feet.
Built in 1951, the property has brick and wood siding, central heating and air conditioning, and open parking. Public water and public sewer serve the property. Electric ranges and refrigerators are included.
Built in 1951, the property has brick and wood siding, central heating and air conditioning, and open parking. Public water and public sewer serve the property. Electric ranges and refrigerators are included.
Key Highlights
- Three units across a house and a separate rear apartment building
- 2,200‑square‑foot house with 3 bedrooms, 2 bathrooms, and hardwood floors
- Two rear apartment units, each with 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,170
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,400
$463.4K
Cap Rate 7%
$331,000
$331.0K
Cap Rate 9%
$257,444
$257.4K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$35.8K $8.52/SF
− Vacancy
−$2.7K −$0.64/SF
EGI
$33.1K $7.88/SF
− OpEx
−$9.9K −$2.36/SF
NOI
$23.2K $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 Rate 5%
$463,400
Cap Rate 7%
$331,000
Cap Rate 9%
$257,444
Alternative Uses
Best Use
Multifamily LT 5
$331.0K
$289.6K – $386.2K
NOI $23,170 @ 7.0% cap · market cap 7.99%
Second Best
Apartment 5plus
$310.0K
$271.3K – $361.7K
NOI $21,701 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$864.9K
$756.8K – $1.01M
NOI $60,540 @ 7.0% cap · market cap 20.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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?
Triplex - The property combines a detached three-bedroom house with a two-unit apartment building at the rear.
Where is this triplex located?
The property is located at 1760 Hollywood Drive 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 units across a house and a separate rear apartment building; 2,200‑square‑foot house with 3 bedrooms, 2 bathrooms, and hardwood floors; Two rear apartment units, each with 2 bedrooms and 1 bathroom
