2-Unit Duplex Rental
For Sale
$199,900
30 Carolane Dr, Jackson, TN 38305
Income-producing duplex with two residential units and convenient access to shopping, restaurants, schools, and major roadways.
Property Size1,796 SF
Price / SF$111.30
Days on Market90
Property Features for 30 Carolane Dr
General Information
Standard status
Active
Size
1,796 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1973
Listing Agency:
Dyad Real Estate and Property Management
Listed By:
Bryan Jones
(931) 451-8111
Source:
Grayfoxrealty
Added: Jul 21
Changed: Oct 6
Last Checked: Oct 7 at 12:53PM
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 Dyad Real Estate and Property Management
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Investment Insights
Based on property information with market context.
Built in 1973, this duplex contains two residential units totaling 1,796 square feet. Each unit is configured with 2 bedrooms and 1 bathroom, providing a consistent layout across the property. The asset is currently generating rental income and offers a straightforward two-unit configuration for residential income ownership.
The property is located at 30 Carolane Dr in Jackson, Tennessee, near shopping, restaurants, schools, and major roadways. Its two-unit design and established construction provide a practical format for investors seeking a residential rental property with existing income.
The property is located at 30 Carolane Dr in Jackson, Tennessee, near shopping, restaurants, schools, and major roadways. Its two-unit design and established construction provide a practical format for investors seeking a residential rental property with existing income.
Key Highlights
- Two‑unit duplex with 1,796 square feet
- Each unit includes 2 bedrooms and 1 bathroom
- Built in 1973
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,908
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,160
$198.2K
Cap Rate 7%
$141,543
$141.5K
Cap Rate 9%
$110,089
$110.1K
Market Conditions
NOI Build-Up for 1,796 SF
Gross rent
$15.3K $8.52/SF
− Vacancy
−$1.1K −$0.64/SF
EGI
$14.2K $7.88/SF
− OpEx
−$4.2K −$2.36/SF
NOI
$9.9K $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%
$198,160
Cap Rate 7%
$141,543
Cap Rate 9%
$110,089
Alternative Uses
Best Use
Multifamily LT 5
$141.5K
$123.9K – $165.1K
NOI $9,908 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$132.6K
$116.0K – $154.7K
NOI $9,280 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$369.8K
$323.6K – $431.5K
NOI $25,888 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
398
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Income-producing duplex with two residential units and convenient access to shopping, restaurants, schools, and major roadways.
Where is this duplex located?
The property is located at 30 Carolane Dr Jackson, TN.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,796 square feet; Each unit includes 2 bedrooms and 1 bathroom; Built in 1973
