5-Unit Multifamily
For Sale
$95,000
Charles Lane, Cedar Grove, TN 38321
Residential Income, Cedar Grove, TN
Property SizeContact for details
Lot Size3.18 Acres
Days on Market359
Property Features for Charles Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
18
Parking features
Open
Directions
From Town and Country Realtors, Jackson,TN- take I 40 East. Exit 70 E. Take a left onto Hwy 220. Right onto Terry Rd, Right onto Fesmire Rd, Left onto Charles Lane.
Standard status
Active
APN
146 038.17
Lot size
3.18 Acres
Taxes and HOA fees
Tax Annual Amount
326
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Cooling system
Window Unit(s), Multi Units
Water source
Well
Building Details
Year built
1986
Floors in Building
1
Number of units
3
Roof type
Metal
Additional Structures
Mobile Home
Listing Agency:
Town and Country
(731) 668-7000
Listed By:
Kristen Londe · License #329613
(731) 431-2799
Added: Oct 24, 2025
Changed: Oct 2
Last Checked: Oct 17 at 5:06PM
MLS# 2505119
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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Investment Insights
Based on property information with market context.
The property contains a site-built three-bedroom, one-bath house and four mobile homes across 3.18 acres. All five dwellings are vacant and require renovation. Each mobile home has its own electric meter; the site also has three septic tanks and a shared well with a recently installed pump. Water is available, and the property is served by a well and septic system.
Charles Lane is approximately 15 minutes from Interstate 40 and less than 30 minutes from Jackson. The parcel is in Cedar Grove, Carroll County, Tennessee.
Charles Lane is approximately 15 minutes from Interstate 40 and less than 30 minutes from Jackson. The parcel is in Cedar Grove, Carroll County, Tennessee.
Key Highlights
- Five residential dwellings: one site‑built 3‑bedroom, 1‑bath home and four mobile homes
- 3.18‑acre parcel in Cedar Grove, Carroll County, Tennessee
- Each mobile home has an individual electric meter
Property Analytics
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Current Use
Lease Details
5
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 38321, TN
2,450
Population
1,177
Households
2.1
Avg Household Size
47
Median Age
10%
College-Educated
79%
High-School Grad
91.9 sq mi
ZIP Area
27
Density / Sq Mi
$62,269
Median Household Income
$47,550
Median Earnings
$654
Median Rent
$125,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Five vacant dwellings on one parcel are available for renovation, with separate electric meters at each mobile home.
Where is this multifamily property located?
The property is located at Charles Lane Cedar Grove, TN.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: Five residential dwellings: one site‑built 3‑bedroom, 1‑bath home and four mobile homes; 3.18‑acre parcel in Cedar Grove, Carroll County, Tennessee; Each mobile home has an individual electric meter
