Renovated
For Sale
$239,900
36 Carolane Drive, Jackson, TN 38305
Two units offer distinct bedroom and bath configurations, with range, refrigerator, and laundry connections in one unit.
Property Size2,418 SF
Price / SF$99.21
Days on Market243
Property Features for 36 Carolane Drive
General Information
Standard status
Active
Size
2,418 SF
Total Parking Spaces
4
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,614
Building Details
Building Size
2,418 SF
Year Built
1973
Buildings
1
Stories
1
Listing Agency:
Town and Country
(731) 668-7000
Listed By:
Kristen Londe · License #329613
(731) 431-2799
Source:
7lakesrealtytn
Added: Mar 6
Changed: Nov 1
Last Checked: Nov 2 at 7:16PM
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 Town and Country
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Investment Insights
Based on property information with market context.
This duplex contains two units: one with three bedrooms and two full bathrooms, and another with two bedrooms and one and a half bathrooms. The first unit has a range, refrigerator, and connections for a washer and dryer. The property totals 2,418 square feet and was built in 1973. Renovations completed within the past five years included a roof, HVAC units, and windows.
At 36 Carolane Drive in Jackson, the property sits on a cul-de-sac with access to the US-45 Bypass and Hollywood Drive. Local shopping is also nearby.
At 36 Carolane Drive in Jackson, the property sits on a cul-de-sac with access to the US-45 Bypass and Hollywood Drive. Local shopping is also nearby.
Key Highlights
- Two‑unit duplex totaling 2,418 square feet
- Three‑bedroom, two‑full‑bath unit with range, refrigerator, and washer/dryer connections
- Second unit has two bedrooms and 1.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,339
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,780
$266.8K
Cap Rate 7%
$190,557
$190.6K
Cap Rate 9%
$148,211
$148.2K
Market Conditions
NOI Build-Up for 2,418 SF
Gross rent
$20.6K $8.52/SF
− Vacancy
−$1.5K −$0.64/SF
EGI
$19.1K $7.88/SF
− OpEx
−$5.7K −$2.36/SF
NOI
$13.3K $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%
$266,780
Cap Rate 7%
$190,557
Cap Rate 9%
$148,211
Alternative Uses
Best Use
Multifamily LT 5
$190.6K
$166.7K – $222.3K
NOI $13,339 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$178.5K
$156.2K – $208.2K
NOI $12,494 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$497.9K
$435.7K – $580.9K
NOI $34,854 @ 7.0% cap · market cap 14.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
398
Businesses Nearby
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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 - Two units offer distinct bedroom and bath configurations, with range, refrigerator, and laundry connections in one unit.
Where is this duplex located?
The property is located at 36 Carolane Drive Jackson, TN.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,418 square feet; Three‑bedroom, two‑full‑bath unit with range, refrigerator, and washer/dryer connections; Second unit has two bedrooms and 1.5 bathrooms
