5-Unit Rental
New
For Sale
$228,000
82 Morton PACKAGE, Jackson, TN 38301
Residential Income, Jackson, TN
Property Size1,720 SF
Price / SF$132.56
Days on Market6
Property Features for 82 Morton PACKAGE
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
4
Parking features
Driveway, Open
Elementary school district
Jackson Madison Consolidated District
Standard status
Active
APN
100I G 014.00
Size
1,720 SF
Taxes and HOA fees
Tax Annual Amount
1246
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1921
Floors in Building
1
Number of units
3
Listing Agency:
Pritchard Realty
(731) 784-5555
Listed By:
Christie Fonville · License #387787
(731) 313-4000
Added: Oct 11
Last Checked: Oct 16 at 7:06AM
MLS# 2604784
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential rental portfolio comprises three properties and five units. Two of the properties contain two units apiece, with the remaining property accounting for the fifth unit. All five residences are occupied under month-to-month arrangements.
Property features include central heating and air conditioning, driveway and open parking, public water, and public sewer.
Property features include central heating and air conditioning, driveway and open parking, public water, and public sewer.
Key Highlights
- Three properties with five rental units in total
- Two properties contain two units each
- All units occupied by month‑to‑month renters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,887
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$177,740
$177.7K
Cap Rate 7%
$126,957
$127.0K
Cap Rate 9%
$98,744
$98.7K
Market Conditions
NOI Build-Up for 1,720 SF
Gross rent
$17.3K $10.08/SF
− Vacancy
−$1.2K −$0.69/SF
EGI
$16.2K $9.39/SF
− OpEx
−$7.3K −$4.23/SF
NOI
$8.9K $5.17/SF
Area
Madison County, TN
Vacancy
6.80%
Lease Rate
$10.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$177,740
Cap Rate 7%
$126,957
Cap Rate 9%
$98,744
Alternative Uses
Best Use
Apartment 5plus
$127.0K
$111.1K – $148.1K
NOI $8,887 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$354.2K
$309.9K – $413.2K
NOI $24,793 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
226
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
Check the figures for this property
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?
Multifamily property - Five occupied residences are leased to month-to-month renters across three properties.
Where is this multifamily property located?
The property is located at 82 Morton PACKAGE Jackson, TN.
What is the asking price?
The asking price for this property is $228,000.
What are key features of this property?
This property features: Three properties with five rental units in total; Two properties contain two units each; All units occupied by month‑to‑month renters
