Two-Unit Duplex with
New
For Sale
$239,900
5 & 7 Judson Street, Jackson, TN 38301
Residential Income, Jackson, TN
Property Size2,559 SF
Price / SF$93.75
Days on Market2
Property Features for 5 & 7 Judson Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
4
Parking features
Open
Patio and Porch features
Patio
Interior features
Ceiling Fan(s)
Appliances
Electric Range, Refrigerator
Elementary school district
Jackson Madison Consolidated District
Standard status
Active
APN
100P B 017.00
Size
2,559 SF
Taxes and HOA fees
Tax Annual Amount
1036
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s), Ceiling Fan(s)
Water source
Public
Amenities
window air units
Natural Gas heat
laundry room
laundry hookups
garage
yard
Building Details
Year built
1921
Floors in Building
1
Number of units
3
Flooring type
Carpet, Vinyl
Listing Agency:
RE/MAX Realty Source · RE/MAX International
(731) 668-7500
Listed By:
Mike Tuey · License #384888
(731) 225-1102
Added: Aug 24
Last Checked: Aug 25 at 9:06PM
MLS# 2604021
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 2,559-square-foot duplex, constructed in 1921, includes two separate residences with distinct layouts. The 5 Judson Street unit has three bedrooms, one and a half bathrooms, and a laundry room. The 7 Judson Street unit provides one bedroom, one full bathroom, and laundry hookups. Each unit includes a garage, while the property also features a yard and patio area.
Both residences are equipped with window air-conditioning units, ceiling fans, and natural gas heating. Interior finishes include carpet and vinyl flooring, with an electric range and refrigerator included among the appliances. Public water and public sewer serve the property, and cable service is available. The duplex is located on Judson Street in the Bemis community of Jackson, Tennessee.
Both residences are equipped with window air-conditioning units, ceiling fans, and natural gas heating. Interior finishes include carpet and vinyl flooring, with an electric range and refrigerator included among the appliances. Public water and public sewer serve the property, and cable service is available. The duplex is located on Judson Street in the Bemis community of Jackson, Tennessee.
Key Highlights
- 2,559‑square‑foot duplex built in 1921
- Two residences with 3‑bedroom and 1‑bedroom layouts
- 5 Judson Street unit includes 1.5 bathrooms and a laundry room
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
$14,117
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
5.88%
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%
$282,340
$282.3K
Cap Rate 7%
$201,671
$201.7K
Cap Rate 9%
$156,856
$156.9K
Market Conditions
NOI Build-Up for 2,559 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
$21.8K $8.52/SF
− Vacancy
−$1.6K −$0.64/SF
EGI
$20.2K $7.88/SF
− OpEx
−$6.1K −$2.36/SF
NOI
$14.1K $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%
$282,340
Cap Rate 7%
$201,671
Cap Rate 9%
$156,856
Alternative Uses
Best Use
Multifamily LT 5
$201.7K
$176.5K – $235.3K
NOI $14,117 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$188.9K
$165.3K – $220.4K
NOI $13,222 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$526.9K
$461.1K – $614.8K
NOI $36,886 @ 7.0% cap · market cap 15.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
292
Businesses Nearby
Explore this area
Business Placement
Demographics for 38301, TN
34,170
Population
15,769
Households
2.2
Avg Household Size
37
Median Age
16%
College-Educated
85%
High-School Grad
150.9 sq mi
ZIP Area
226
Density / Sq Mi
$40,062
Median Household Income
$28,542
Median Earnings
$958
Median Rent
$119,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate residences offer complementary bedroom mixes, laundry areas, and individual garage space.
Where is this duplex located?
The property is located at 5 & 7 Judson Street 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: 2,559‑square‑foot duplex built in 1921; Two residences with 3‑bedroom and 1‑bedroom layouts; 5 Judson Street unit includes 1.5 bathrooms and a laundry room
