Renovated 8-Unit Apartment
183 Campbell St, Jackson, TN 38301
For Sale
$850,000
Fully updated multifamily property with modern interiors, upgraded building systems, and on-site laundry facilities.
Property Size5,200 SF
Days on Market98
Property Features for 183 Campbell St
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Multifamily Units
Amenities
on-site laundry
Approximately $268,376 invested in capital improvements, including a full renovation of all eight units completed in 2024.
Renovated interiors feature updated kitchens and baths, new stainless-steel appliances, LVP flooring, subfloor replacement, new windows, and fresh interior and exterior paint.
Building improvements include plumbing and electrical upgrades, a new tankless water heater system, partial HVAC replacements, deck reconstruction, landscaping, fencing, and parking lot expansion.
Originally built in 1970, the property has been substantially modernized through its recent renovation, limiting deferred maintenance concerns.
TPO roof replaced/updated in 2015, approximately 11 years old.
Building Details
Building Size
Year Renovated
Units
Listed By:
Pat Cosgrove
(615) 997-2853
Source:
Marcusmillichap
Added: Aug 8
Changed: Nov 1
Last Checked: Nov 12 at 4:07AM
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 Pat Cosgrove
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,200-square-foot apartment property contains eight units and underwent a comprehensive renovation in 2024. Improvements include refreshed unit interiors, plumbing and electrical upgrades, new windows, a tankless water heater system, and exterior enhancements. On-site laundry facilities serve the property’s residents.
Built in 1970, the asset is located at 183 Campbell Street in Jackson, Tennessee, near Downtown Jackson. The surrounding area provides access to major employment, healthcare, retail, and entertainment destinations.
Built in 1970, the asset is located at 183 Campbell Street in Jackson, Tennessee, near Downtown Jackson. The surrounding area provides access to major employment, healthcare, retail, and entertainment destinations.
Key Highlights
- Eight‑unit multifamily asset with 5,200 square feet
- Comprehensively renovated in 2024
- Updated interiors across all units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,868
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,360
$537.4K
Cap Rate 7%
$383,829
$383.8K
Cap Rate 9%
$298,533
$298.5K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$52.4K $10.08/SF
− Vacancy
−$3.6K −$0.69/SF
EGI
$48.9K $9.39/SF
− OpEx
−$22.0K −$4.23/SF
NOI
$26.9K $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%
$537,360
Cap Rate 7%
$383,829
Cap Rate 9%
$298,533
Alternative Uses
Best Use
Apartment 5plus
$383.8K
$335.9K – $447.8K
NOI $26,868 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$936.9K – $1.25M
NOI $74,955 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
775
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully updated multifamily property with modern interiors, upgraded building systems, and on-site laundry facilities.
Where is this apartment building located?
The property is located at 183 Campbell St Jackson, TN.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Eight‑unit multifamily asset with 5,200 square feet; Comprehensively renovated in 2024; Updated interiors across all units
