Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Scattered-Site Single-Family Portfolio Title is generated by Realmo AI

    396 N Liberty Street, Jackson, TN 38301

    View on Map
    Claim this Listing
    New
    Picture of Single family properties at 396 N Liberty Street, Jackson, TN
    For Sale
    $8,050,000

    MULTI_FAMILY - Jackson, TN

    Property size:
    1,867 SF
    Price / SF:
    $4,311/SF
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 9:06 pm

    Property Features for 396 N Liberty Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Parking
    2
    Standard status
    Active
    APN
    078I H 030.00
    Size
    1,867 SF

    Taxes and HOA fees

    Tax Annual Amount
    1314

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public

    Building Details

    Year built
    2025
    Floors in Building
    2
    Number of units
    3

    We can help!

    Listing Contact
    Laith Al-Jafari

    Listing agent Laith Al-Jafari License #381930

    Listing office Prosper Realty Group 245 W Lafayette St, Jackon, TN

    Listing date Jun 3, 2026

    MLS# 2602593 Listing URL

    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.

    HighLights

    • 35 single‑family homes in and around downtown Jackson, TN, offered as a coordinated package acquisition
    • Total package price listed at $8,050,000
    • Pro‑forma cap rate of 7.50% with pro‑forma NOI of about $604,000/year and pro‑forma annual rent of about $866,000
    • Average rent per home is about $2,062/month
    • Homes are under construction with a 2025 year built
    • Utilities include public water and septic tank sewer; free‑and‑clear delivery with no debt to assume and leases conveying at closing

    Overview

    Offered for sale as a coordinated, scattered-site single-family portfolio, consisting of 35 homes. The seller’s materials describe the package acquisition as a scaled, multi-address arrangement delivered free and clear. In-place leases are stated to convey at closing, and detailed underwriting information, including rent roll and pro-forma figures, is available to qualified buyers upon request.

    The homes are described as located in and around downtown Jackson, Tennessee, in Madison County. The listing references Jackson as a West Tennessee market anchored by employment across healthcare, manufacturing, education, and logistics, with the city situated along I-40 between Memphis and Nashville. The property is presented under a single close at the stated list price, with the address shown for the offering at 396 N Liberty Street, Jackson, TN 38301.

    From an investor standpoint, the package provides aggregated door count across 35 separate single-family addresses, with diversification by tenant exposure as described in the remarks. The listing also cites pro-forma annual rent of approximately $866,000, average rent per home of approximately $2,062 per month, and pro-forma NOI of approximately $604,000 per year, along with a pro-forma cap rate of 7.50%.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Madison
    State
    Tennessee
    Longitude
    -88.817654
    Latitude
    35.619237

    Nearby Similar for Sale

    • $789,900
      4,828 SF

      Turnkey Office in Madison Square

      Well-maintained office building with drive-thru, safe room, and generator.
      57 Directors Row, Jackson, TN 38305
      View Details
    • $349,900
      8,820 SF

      Midtown Jackson Commercial Building

      Brick building in Midtown Jackson with over 8,800 square feet.
      206 N Royal Street, Jackson, TN 38301
      View Details
    • $325,000
      2,552 SF

      Professional Office Investment Opportunity

      Commercial office space with NNN lease until January 2027.
      78 Lynoak Cove, Jackson, TN 38305
      View Details
    • $979,000
      2,768 SF

      Restaurant with Drive-Thru Opportunity

      Turn-key restaurant with drive-thru in Jackson's busiest location.
      71 Carriage House Drive, Jackson, TN 38305
      View Details
    • $285,000
      2,648 SF

      Multi-Tenant Commercial Property For Sale

      Versatile commercial property ideal for office and retail use.
      1345 S Highland Avenue, Jackson, TN 38301
      View Details
    • $300,000
      800 SF

      Versatile Commercial Property with Warehouses

      Commercial property featuring office space and multiple warehouses for sale.
      692 Boone Lane, Jackson, TN 38301
      View Details
    • $5,135,000
      20,000 SF

      Retail Strip Center Investment Opportunity

      Retail strip center in Jackson's commercial corridor. Value-add potential.
      1000 Vann Drive, Jackson, TN 38305
      View Details
    • $4,125,000
      6,043 SF

      Standalone NNN Retail Building

      Single-tenant Verizon Wireless NNN investment with a newly renewed lease term starting April 1, 2025.
      1017 Vann Drive, Jackson, TN 38305
      View Details
    • $925,000
      15,000 SF

      Versatile Warehouse with Expansion Potential

      15,000 SF warehouse on 2.9 acres near I-40.
      75 United Drive, Jackson, TN 38305
      View Details
    • $575,000
      1,402 SF

      Restaurant on Corner Lot

      Restaurant with drive-thru on a corner lot for sale.
      1291 S Highland Avenue, Jackson, TN 38301
      View Details
    • $1,200,000
      1,395 SF

      Jackson Commercial Property Near I-40

      Commercial property near I-40, previously a gas station/convenience store.
      56 Kenworth Boulevard, Jackson, TN 38305
      View Details
    • $25
      2,575 SF

      Retail Redevelopment in Jackson, TN

      Class A retail redevelopment opportunity in Jackson's premiere retail corridor.
      817 Vann Drive, Jackson, TN 38305
      View Details

    FAQs

    What type of property is this?
    Single family property - Coordinated package of 35 single-family homes for an investor acquisition in the Jackson, Tennessee area.
    Where is this single family property located?
    The property is located at 396 N Liberty Street Jackson, TN.
    What is the asking price?
    The asking price for this property is $8,050,000.
    What are key features of this property?
    This property features: 35 single‑family homes in and around downtown Jackson, TN, offered as a coordinated package acquisition; Total package price listed at $8,050,000; Pro‑forma cap rate of 7.50% with pro‑forma NOI of about $604,000/year and pro‑forma annual rent of about $866,000
    (731) 217-7400
    We can help!
    Listing Contact
    Laith Al-Jafari
    Real Estate License ID: 381930
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    396 N Liberty Street, Jackson, TN 38301
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!