2-Bedroom
For Sale
$409,500
40 Carolane Dr, Jackson, TN 38305
Four separate residences provide consistent two-bedroom layouts with one-and-a-half bathrooms in each unit.
Property Size4,960 SF
Price / SF$82.56
Days on Market98
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Property Features for 40 Carolane Dr
General Information
Standard status
Active
Size
4,960 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1.5BA
Multifamily Units
4
Additional Details
Gross Income
$46,800
Building Details
Year Built
1975
Listing Agency:
Dyad Real Estate and Property Management
Listed By:
Bryan Jones
(931) 451-8111
Source:
Grayfoxrealty
Added: Jul 10
Changed: Oct 10
Last Checked: Oct 7 at 3:06PM
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
Investment Insights
Based on property information with market context.
Located at 40 Carolane Dr in Jackson, TN 38305, this quadplex contains four separate residential units within a 4,960-square-foot building. Each residence includes two bedrooms and one-and-a-half bathrooms, creating a consistent unit configuration across the property.
Constructed in 1975, the property is positioned in Jackson, Tennessee, and is offered as a multifamily asset. The uniform floor plans simplify property-level planning while providing four distinct living spaces within one building.
Constructed in 1975, the property is positioned in Jackson, Tennessee, and is offered as a multifamily asset. The uniform floor plans simplify property-level planning while providing four distinct living spaces within one building.
Key Highlights
- Four separate residential units in one quadplex
- Each unit includes 2 bedrooms and 1.5 bathrooms
- 4,960 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,363
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,260
$547.3K
Cap Rate 7%
$390,900
$390.9K
Cap Rate 9%
$304,033
$304.0K
Market Conditions
NOI Build-Up for 4,960 SF
Gross rent
$42.3K $8.52/SF
− Vacancy
−$3.2K −$0.64/SF
EGI
$39.1K $7.88/SF
− OpEx
−$11.7K −$2.36/SF
NOI
$27.4K $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%
$547,260
Cap Rate 7%
$390,900
Cap Rate 9%
$304,033
Alternative Uses
Best Use
Multifamily LT 5
$390.9K
$342.0K – $456.1K
NOI $27,363 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$366.1K
$320.4K – $427.1K
NOI $25,628 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$1.02M
$893.7K – $1.19M
NOI $71,495 @ 7.0% cap · market cap 17.46%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
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?
Quadplex - Four separate residences provide consistent two-bedroom layouts with one-and-a-half bathrooms in each unit.
Where is this quadplex located?
The property is located at 40 Carolane Dr Jackson, TN.
What is the asking price?
The asking price for this property is $409,500.
What are key features of this property?
This property features: Four separate residential units in one quadplex; Each unit includes 2 bedrooms and 1.5 bathrooms; 4,960 square feet
