Brick Duplex with Recent
New
For Sale
$235,000
40 Camelot Cove, Jackson, TN 38305
Residential Income, Jackson, TN
Property Size2,122 SF
Price / SF$110.74
Days on Market3
Property Features for 40 Camelot Cove
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
4
Appliances
Electric Range, Range Hood, Refrigerator
Elementary school district
Jackson Madison Consolidated District
Standard status
Active
APN
066J A 009.34
Size
2,122 SF
Taxes and HOA fees
Tax Annual Amount
857
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1975
Floors in Building
1
Number of units
3
Flooring type
Vinyl
Building materials
Brick
Listing Agency:
Town and Country
(731) 668-7000
Listed By:
Kristen Londe · License #329613
(731) 431-2799
Added: Sep 29
Last Checked: Oct 1 at 6:06PM
MLS# 2604583
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 2,122-square-foot brick duplex contains two sides, each with two bedrooms, one full bathroom, and one half bathroom. Both units have a kitchen with an electric range and refrigerator, plus connections for a washer and dryer. Vinyl flooring, natural gas heat, and central electric air conditioning serve the property. Built in 1975, it has had renovations within the past five years, including a roof, HVAC units, and windows.
The property is at 40 Camelot Cove in Jackson, with access to the US-45 Bypass and Hollywood Drive. Public water and public sewer serve the site.
The property is at 40 Camelot Cove in Jackson, with access to the US-45 Bypass and Hollywood Drive. Public water and public sewer serve the site.
Key Highlights
- Two duplex units, each with 2 bedrooms, 1 full bath, and 1 half bath
- 2,122 square feet of building area
- Brick construction; built in 1975
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,706
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$234,120
$234.1K
Cap Rate 7%
$167,229
$167.2K
Cap Rate 9%
$130,067
$130.1K
Market Conditions
NOI Build-Up for 2,122 SF
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.
Gross rent
$18.1K $8.52/SF
− Vacancy
−$1.4K −$0.64/SF
EGI
$16.7K $7.88/SF
− OpEx
−$5.0K −$2.36/SF
NOI
$11.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$234,120
Cap Rate 7%
$167,229
Cap Rate 9%
$130,067
Alternative Uses
Best Use
Multifamily LT 5
$167.2K
$146.3K – $195.1K
NOI $11,706 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$156.6K
$137.1K – $182.7K
NOI $10,964 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$437.0K
$382.3K – $509.8K
NOI $30,587 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
206
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
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Frequently Asked Questions
What type of property is this?
Duplex - Both units include laundry connections, kitchen appliances, and a mix of full and half bathrooms.
Where is this duplex located?
The property is located at 40 Camelot Cove Jackson, TN.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two duplex units, each with 2 bedrooms, 1 full bath, and 1 half bath; 2,122 square feet of building area; Brick construction; built in 1975
