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Duplex on Level Lot

200 Main St W, Mount Carmel, TN 37645

For Sale
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Two tenant-occupied dwellings on approximately one acre of deep, level land with MX2 zoning flexibility in Mount Carmel.

Property Size3,146 SF
Lot Size1.00 Acre
Price / SF$103.31
Days on Market204

Property Features for 200 Main St W

General Information

Standard status Active
Size 3,146 SF
Lot size 1.00 Acre
Property subtype Multifamily, Mixed Use
Zoning MX-2
Occupancy 100%
Lease Type Gross
Investment Type Owner/User

Additional Details

Business Included Yes
Multifamily Units 2

Building Details

Year Built 1945
Buildings 2
Units 2
Tenancy Multi
Listing Agency: The Addington Agency
Listed By: Dom Abate · License TN #02252700004
Source: Crexi
Added: Apr 20 Changed: Oct 31 Last Checked: Nov 8 at 7:04AM

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 The Addington Agency

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Investment Insights

Based on property information with market context.

200 & 202 W Main Street offers a duplex configuration with two income-producing dwellings currently tenant occupied and generating monthly rent. The first residence rents for $1,295 per month, and the second rents for $950 per month. The property sits on approximately one acre of deep, level land and is positioned for future planning under MX2 zoning.

Located in the heart of Mount Carmel at W Main Street, the site is described as highly visible and suited for buyers seeking an in-town property with both existing rental income and development optionality.

Showings require a minimum 48-hour notice and must be accompanied by the listing agent or property manager to respect tenant privacy. All information is deemed reliable but not guaranteed, and buyers/buyers’ agents should verify all information, zoning, and intended use.

Key Highlights

  • Two income‑producing, tenant‑occupied dwellings at 200 & 202 W Main Street in Mount Carmel
  • Rent roll: $1,295/month for one residence and $950/month for the second residence
  • Approximately 1 acre of deep, level land for potential expansion or additional development

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

2
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

115
Businesses Nearby

Demographics for 37645, TN

5,469
Population
2,115
Households
2.6
Avg Household Size
45
Median Age
15%
College-Educated
94%
High-School Grad
6.2 sq mi
ZIP Area
882
Density / Sq Mi
$71,336
Median Household Income
$37,757
Median Earnings
$804
Median Rent
$179,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two tenant-occupied dwellings on approximately one acre of deep, level land with MX2 zoning flexibility in Mount Carmel.
Where is this duplex located?
The property is located at 200 Main St W Mount Carmel, TN.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two income‑producing, tenant‑occupied dwellings at 200 & 202 W Main Street in Mount Carmel; Rent roll: $1,295/month for one residence and $950/month for the second residence; Approximately 1 acre of deep, level land for potential expansion or additional development
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