Duplex with Two 2BR
215-217 Carr Road Seymour, TN 37865
For Sale
$423,000
Well-maintained duplex on a half-acre lot with two 2-bedroom units and washer/dryer connections.
Property Size1,800 SF
Lot Size0.50 Acres
Price / SF$235
Days on Market72
Property Features for 215-217 Carr Road
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Lot size
- 0.50 Acres
- Property subtype
- Single Family / Single Family Residence
Building Details
- Year Built
- 2001
Listing Agency:
MR10 Realty
Listed By:
Martha Riordan
Source:
Compass
Added: May 13
Changed: Jul 10
Last Checked: Jul 23 at 10:56AM
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 MR10 Realty
Investment Insights
Based on property information with market context.
This well-maintained duplex offers a flexible residential income setup with two separate units. Each unit features two bedrooms and one full bath, along with washer and dryer connections and a functional layout. Appliances are included, with stove, refrigerator, and dishwasher conveying. One unit includes updated kitchen finishes with granite countertops.
The property is situated on a generous half-acre lot in Seymour, Tennessee, just off Hwy 411. The exterior includes a brand-new deck and storage improvements, including a 25x12 storage shed plus an additional 8x6 storage shed for tools, lawn equipment, or extra household storage.
The layout supports multiple occupancy strategies for a variety of owners or tenants, including living in one side while renting the other. With each unit providing the same two-bedroom, one-bath configuration and included appliances, the property is designed for straightforward move-in or rental use.
The property is situated on a generous half-acre lot in Seymour, Tennessee, just off Hwy 411. The exterior includes a brand-new deck and storage improvements, including a 25x12 storage shed plus an additional 8x6 storage shed for tools, lawn equipment, or extra household storage.
The layout supports multiple occupancy strategies for a variety of owners or tenants, including living in one side while renting the other. With each unit providing the same two-bedroom, one-bath configuration and included appliances, the property is designed for straightforward move-in or rental use.
Key Highlights
- 2001‑built duplex on a 1/2‑acre lot in Seymour, TN with approximately 1,800 total SF
- 2 units, each with 2 bedrooms and 1 full bath
- Washer/dryer connections in each unit; central electric heat and central cooling
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.0k | $15.00 |
| − Vacancy | −$2.7k | −$1.50 |
| EGI | $24.3k | $13.50 |
| − OpEx | −$10.9k | −$6.08 |
| NOI | $13.4k | $7.43 |
1,800 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$190.9K
$167.1K – $222.8K
NOI $13,365 @ 7.0% cap · market cap 3.16%
Second Best
Multifamily LT 5
$140.3K
$122.8K – $163.7K
NOI $9,822 @ 7.0% cap · market cap 2.32%
Theoretical Best
Office A
$759.1K
$664.2K – $885.6K
NOI $53,136 @ 7.0% cap · market cap 12.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained duplex on a half-acre lot with two 2-bedroom units and washer/dryer connections.
Where is this duplex located?
The property is located at 215-217 Carr Road Seymour, TN.
What is the asking price?
The asking price for this property is $423,000.
What are key features of this property?
This property features: 2001‑built duplex on a 1/2‑acre lot in Seymour, TN with approximately 1,800 total SF; 2 units, each with 2 bedrooms and 1 full bath; Washer/dryer connections in each unit; central electric heat and central cooling
