Five-Unit Rental
For Sale
$228,000
Pending
82 Morton St, Jackson, TN 38301
Three Jackson properties comprise an occupied portfolio with month-to-month tenancies.
Property Size1,720 SF
Days on Market21
Property Features for 82 Morton St
General Information
Standard status
Pending
Size
1,720 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Gross Income
$37,200
Multifamily Units
5
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$1,246
Listing Agency:
Pritchard Realty
(731) 784-5555
Listed By:
Christie Fonville · License #387787
(731) 313-4000
Source:
Exprealty
Added: Oct 11
Changed: Oct 30
Last Checked: Oct 30 at 3:32PM
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 Pritchard Realty
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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 multifamily portfolio in Jackson, Tennessee, includes three properties and five rental units. Two of the properties contain two units each, with the remaining property completing the five-unit total.
All units are occupied by month-to-month renters. The portfolio is offered as a single package.
All units are occupied by month-to-month renters. The portfolio is offered as a single package.
Key Highlights
- Five rental units across three properties
- All units are occupied
- Month‑to‑month tenancies across the portfolio
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
100%
Occupancy
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Three Jackson properties comprise an occupied portfolio with month-to-month tenancies.
Where is this multifamily property located?
The property is located at 82 Morton St 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: Five rental units across three properties; All units are occupied; Month‑to‑month tenancies across the portfolio
