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Remodeled Duplex with Attached Garage
For Sale
$335,000

514 Flatt Spur Road, Jamestown, TN 38556

Single-level layout with two leased units, updated interiors, and an attached garage.

Property Size2,900 SF
Price / SF$115.52
Days on Market175

Property Features for 514 Flatt Spur Road

General Information

Standard status Active
Size 2,900 SF
Property subtype Multi-Family
Occupancy 100%

Financials

Cap Rate 10%
Gross Income $40,000

Units

Unit Mix 1 x 3BR/1BA, 1 x 4BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $619

Amenities

attached garage
dedicated storage unit
Central Cooling
Yes
Laminate
True
Central, Forced Air, Natural Gas, Electric
Dishwasher, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
Vinyl, Brick, Frame

Building Details

Year Built 1967
Stories 1
Tenancy Multi
Listing Agency: ReMax Preferred Properties, In
Listed By: Carl Collins · License #352375
Source: Compass
Added: Mar 9 Changed: Aug 29 Last Checked: Aug 29 at 7:26PM

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 ReMax Preferred Properties, In

Investment Insights

Based on property information with market context.

This 2,900-square-foot duplex in Jamestown, TN, offers a single-level configuration with two leased residences. One unit includes 3 bedrooms and 1 bathroom, while the other provides 4 bedrooms and 1 bathroom. Interior updates, central cooling, and central forced-air heating support the current residential setup. The property was built in 1967 and has a 2-year-old roof.

An attached garage and dedicated storage unit provide additional income-producing components. The site also includes an expansive paved parking area with room for multiple vehicles. The exterior combines vinyl, brick, and frame construction. With both units leased and a reported 10%+/- cap rate, the property presents an established duplex configuration at 514 Flatt Spur Road.

Key Highlights

  • 2,900‑square‑foot single‑level duplex
  • Two leased units: one 3‑bedroom/1‑bath and one 4‑bedroom/1‑bath
  • Reported 10%+/- cap rate

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Furniture & Home Goods Butcher Restaurant Veterinary Clinic Barber Shop Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

42
Businesses Nearby

Demographics for 38556, TN

12,742
Population
6,406
Households
2
Avg Household Size
48
Median Age
14%
College-Educated
83%
High-School Grad
315.9 sq mi
ZIP Area
40
Density / Sq Mi
$42,819
Median Household Income
$28,525
Median Earnings
$587
Median Rent
$147,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Single-level layout with two leased units, updated interiors, and an attached garage.
Where is this duplex located?
The property is located at 514 Flatt Spur Road Jamestown, TN.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 2,900‑square‑foot single‑level duplex; Two leased units: one 3‑bedroom/1‑bath and one 4‑bedroom/1‑bath; Reported 10%+/- cap rate
More about this property
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