Tenant-Occupied Investment Property
For Sale
$255,000
35 Marlow Drive, Jackson, TN 38305
MULTI_FAMILY - Jackson, TN
Property Size1,980 SF
Price / SF$128.79
Days on Market190
Property Features for 35 Marlow Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
2
Patio and Porch features
Porch
Fireplace
1
Appliances
Electric Range, Refrigerator
Subdivision
Willow Oaks
Elementary school district
Jackson Madison Consolidated District
Directions
35 Marlow Drive: Head south on US-45 Bypass (SR 186) from 1944 US-45 Bypass toward I-40. Take the exit onto I-40 East / US-412 East (just south of you). Turn left onto North Highland Avenue (US-45/SR 5) and continue north into Jackson city. After passing Northside High School on your right, turn left onto Marlow Drive. Continue on Marlow Drive to 35 Marlow Dr, which will be on your left in the cul-de-sac area. 21 Cartmell Drive: Depart Town & Country Realtors: Exit the parking lot at 1944 US-45 Bypass and turn left (South) onto the US-45 Bypass. Continue South on the Bypass: Drive for approximately 3.3 miles. You will pass the West Tennessee Healthcare Sportsplex on your right. Take the Airways Blvd Exit: Use the right lane to take the exit toward Airways Blvd. Turn Right onto Airways Blvd: At the bottom of the exit ramp, turn right onto Airways Blvd. Turn Left onto Cartmell St: Drive about 0.6 miles on Airways Blvd. Cartmell Street will be on your left.
Standard status
Active
APN
044E D 005.01
Size
1,980 SF
Taxes and HOA fees
Tax Annual Amount
1005
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1974
Floors in Building
1
Number of units
3
Flooring type
Vinyl, Tile - Ceramic
Building materials
Brick, HardiPlank Type, Wood Siding
Additional Structures
Storage
Listing Agency:
Town and Country
(731) 668-7000
Listed By:
Kristen Londe · License #329613
(731) 431-2799
Added: Jan 22
Changed: Jul 11
Last Checked: Jul 31 at 3:06AM
MLS# 2600388
Copyright © 2026 Central West Tennessee Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This investment opportunity features two single-family homes being sold together. Both properties are tenant-occupied and have a strong rental history. Each property has been updated within the past five years, including new roofs, HVAC units, and interior and exterior renovations. One property, located at 35 Marlow Drive, offers a 2-bedroom, 1-bath layout. The second property, located at 21 Cartmell features 3 bedrooms, 1 bath, plus a detached garage/workshop. The combined property size is 1980 square feet. These properties are located in Jackson, Tennessee, within Madison County. Properties may be viewed during the buyer's due diligence period.
Key Highlights
- Two single‑family homes sold together (35 Marlow and 21 Cartmell), both tenant‑occupied with strong rental history
- Updates within the past five years include new roofs, new HVAC units, and interior and exterior renovations
- 35 Marlow: 2‑bedroom, 1‑bath layout with public water and public sewer
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 | $20.0k | $10.08 |
| − Vacancy | −$1.4k | −$0.69 |
| EGI | $18.6k | $9.39 |
| − OpEx | −$8.4k | −$4.23 |
| NOI | $10.2k | $5.17 |
1,980 SF · lease $10.08/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$146.2K
$127.9K – $170.5K
NOI $10,231 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$407.7K
$356.8K – $475.7K
NOI $28,541 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
515
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - Two updated, tenant-occupied homes with strong rental history in Jackson.
Where is this single family property located?
The property is located at 35 Marlow Drive Jackson, TN.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Two single‑family homes sold together (35 Marlow and 21 Cartmell), both tenant‑occupied with strong rental history; Updates within the past five years include new roofs, new HVAC units, and interior and exterior renovations; 35 Marlow: 2‑bedroom, 1‑bath layout with public water and public sewer
