Jackson Duplex Investment
For Sale
Contact for pricing
207 Pleasant Street, Jackson, TN 38301
Income-producing duplex near downtown Jackson, generating $1,500 monthly.
Property Size1,736 SF
Lot Size0.16 Acres
Price / SF$74.83
Days on Market169
Property Features for 207 Pleasant Street
General Information
Standard status
Active
Size
1,736 SF
Total Parking Spaces
4
Lot size
0.16 Acres
Property subtype
Multifamily
Building Details
Year Built
1930
Units
2
Listing Agency:
RentalCity
(731) 618-7925
Listed By:
Seth Rodgers · License #370060
Source:
Crexi
Added: Mar 6
Changed: Aug 8
Last Checked: Aug 18 at 10:07PM
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 RentalCity
Investment Insights
Based on property information with market context.
Located in Jackson, this duplex presents an investment opportunity. The property, situated at 207 Pleasant St, features two units, each with 1 bedroom and 1 bathroom. Both units are currently rented for $750 per month, generating a total monthly income of $1,500, or $18,000 annually. Constructed in 1930, the property provides approximately 1,512 sq ft of living space on a 7,000 sq ft lot. Its location near downtown Jackson offers convenient access to shopping, schools, and major roadways, making it an appealing location for tenants. This duplex is suitable for investors seeking to add a performing rental property to their portfolio.
Key Highlights
- Income‑producing duplex generating $1,500 monthly ($18,000 annually).
- Offered at $134,900.
- Two units, each with 1 bedroom and 1 bathroom.
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
$9,577
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
7.37%
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%
$191,540
$191.5K
Cap Rate 7%
$136,814
$136.8K
Cap Rate 9%
$106,411
$106.4K
Market Conditions
NOI Build-Up for 1,736 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
$14.8K $8.52/SF
− Vacancy
−$1.1K −$0.64/SF
EGI
$13.7K $7.88/SF
− OpEx
−$4.1K −$2.36/SF
NOI
$9.6K $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%
$191,540
Cap Rate 7%
$136,814
Cap Rate 9%
$106,411
Alternative Uses
Best Use
Multifamily LT 5
$136.8K
$119.7K – $159.6K
NOI $9,577 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$128.1K
$112.1K – $149.5K
NOI $8,970 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$357.5K
$312.8K – $417.1K
NOI $25,023 @ 7.0% cap · market cap 19.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
397
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 - Income-producing duplex near downtown Jackson, generating $1,500 monthly.
Where is this duplex located?
The property is located at 207 Pleasant Street Jackson, TN.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: Income‑producing duplex generating $1,500 monthly ($18,000 annually).; Offered at $134,900.; Two units, each with 1 bedroom and 1 bathroom.
