Renovated
For Sale
$224,900
81 Carolane Dr, Jackson, TN 38305
Each side offers two bedrooms, a full bathroom, a kitchen, and laundry connections.
Property Size2,204 SF
Price / SF$102.04
Days on Market236
Property Features for 81 Carolane Dr
General Information
Standard status
Active
Size
2,204 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$662
Listing Agency:
Town and Country
(731) 668-7000
Listed By:
Kristen Londe · License #329613
(731) 431-2799
Source:
Exprealty
Added: Mar 6
Changed: Oct 25
Last Checked: Oct 26 at 9:49PM
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 Town and Country
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Investment Insights
Based on property information with market context.
Located at 81 Carolane Dr in Jackson, TN, this duplex contains 2,204 square feet and provides a two-bedroom, one-bathroom layout on each side. Both units include kitchens equipped with a range and refrigerator, along with washing machine and dryer connections. Renovations completed within the past 5 years include a new roof, HVAC units, and windows.
The property sits on a quiet cul-de-sac with access to the US-45 Bypass and Hollywood Dr, as well as nearby local shopping. Its two-unit configuration and updated building systems provide a straightforward residential income property format.
The property sits on a quiet cul-de-sac with access to the US-45 Bypass and Hollywood Dr, as well as nearby local shopping. Its two-unit configuration and updated building systems provide a straightforward residential income property format.
Key Highlights
- 2,204‑square‑foot duplex at 81 Carolane Dr, Jackson, TN
- Each side includes 2 bedrooms and 1 full bathroom
- Kitchens include a range and refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,159
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,180
$243.2K
Cap Rate 7%
$173,700
$173.7K
Cap Rate 9%
$135,100
$135.1K
Market Conditions
NOI Build-Up for 2,204 SF
Gross rent
$18.8K $8.52/SF
− Vacancy
−$1.4K −$0.64/SF
EGI
$17.4K $7.88/SF
− OpEx
−$5.2K −$2.36/SF
NOI
$12.2K $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%
$243,180
Cap Rate 7%
$173,700
Cap Rate 9%
$135,100
Alternative Uses
Best Use
Multifamily LT 5
$173.7K
$152.0K – $202.7K
NOI $12,159 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$162.7K
$142.4K – $189.8K
NOI $11,388 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$453.8K
$397.1K – $529.5K
NOI $31,769 @ 7.0% cap · market cap 14.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
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?
Duplex - Each side offers two bedrooms, a full bathroom, a kitchen, and laundry connections.
Where is this duplex located?
The property is located at 81 Carolane Dr Jackson, TN.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: 2,204‑square‑foot duplex at 81 Carolane Dr, Jackson, TN; Each side includes 2 bedrooms and 1 full bathroom; Kitchens include a range and refrigerator
