1502 E Chester St Jackson, TN 38301
Estimated payment $1,883/month
Highlights
- No HOA
- Central Heating and Cooling System
- Carpet
- Covered Patio or Porch
- Ceiling Fan
- 1-Story Property
About This Home
Rare investment opportunity in the heart of West Tennessee -a fully occupied, cash-flowing 5-property rental portfolio sold as one package and cannot be separated. This stabilized portfolio features long-term tenants (2-7 years), consistent payment history, and dependable income with no vacancies. The package produces $54,925 in annual rent, with only taxes ($2,500/year) and insurance ($3,000/year) as primary expenses yielding a strong $49,425 NOI and an impressive 14.05% cap rate at list price. All properties are single-family homes located within established neighborhoods, each with noted updates, functioning mechanical systems, and solid rental demand. Addresses include: 158 Cartmell St, 306 Cottonwood St., 1502 E Chester, 254 Linden, 3068 W Jackson St. A full income schedule, tax breakdown, and property notes are available upon request. This is an excellent fit for investors seeking immediate cash flow, minimal turnover risk, and scalable long-term growth. Portfolio must be purchased as a whole - no exceptions.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $391
Year Built
- Built in 1941
Lot Details
- 0.28 Acre Lot
- Lot Dimensions are 50x126
Home Design
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 1,120 Sq Ft Home
- 1-Story Property
- Ceiling Fan
Kitchen
- Electric Range
- Laminate Countertops
Flooring
- Carpet
- Linoleum
Parking
- 2 Parking Spaces
- No Garage
- Parking Pad
- 2 Open Parking Spaces
Additional Features
- Covered Patio or Porch
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for all utilities, pest control, trash collection
- Assessor Parcel Number 087C H 025.00
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Gross Lease
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $181 | $11,225 | $1,550 | $9,675 |
| 2024 | $181 | $11,225 | $1,550 | $9,675 |
| 2022 | $391 | $11,225 | $1,550 | $9,675 |
| 2021 | $343 | $7,950 | $1,075 | $6,875 |
| 2020 | $343 | $7,950 | $1,075 | $6,875 |
| 2019 | $343 | $7,950 | $1,075 | $6,875 |
| 2018 | $343 | $7,950 | $1,075 | $6,875 |
| 2017 | $270 | $6,125 | $1,075 | $5,050 |
| 2016 | $294 | $5,950 | $1,075 | $4,875 |
| 2015 | $294 | $7,150 | $1,075 | $6,075 |
| 2014 | $294 | $7,150 | $1,075 | $6,075 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/11/2025 12/11/25 | Pending | -- | -- | -- | |
| 12/05/2025 12/05/25 | For Sale | $352,000 | +1180.0% | $314 / Sq Ft | |
| 12/23/2020 12/23/20 | Sold | $27,500 | -8.0% | $25 / Sq Ft | View Prior Sale |
| 12/10/2020 12/10/20 | Pending | -- | -- | -- | |
| 12/09/2020 12/09/20 | For Sale | $29,900 | -- | $27 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $27,500 | None Available | |
| Warranty Deed | $2,500 | None Available | |
| Quit Claim Deed | -- | -- | |
| Deed | $6,000 | -- | |
| Deed | $20,000 | -- | |
| Deed | $18,000 | -- | |
| Deed | $36,300 | -- | |
| Deed | -- | -- | |
| Deed | $50,500 | -- | |
| Deed | -- | -- | |
| Warranty Deed | $29,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Central West Tennessee Association of REALTORS®
MLS Number: 2505677
APN: 087C-H-025.00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
- 111 Rhea St
- 102 Rhea St
- 113 Rhea St
- 1404 E Chester St
- 112 Holland Ave
- 48 Regency Dr
- 134 Liddon St Unit 136
- 105 Griffin St
- 114 Peabody Ave
- 118 Peabody Ave
- 599 E Chester St
- 158 Cartmell St
- 159 Cartmell St
- 205 Peabody Ave
- 209 Peabody Ave
- 73 Craig St
- 238 Lenoir Ave
- 1763 E Chester St
- 234 Lenoir Ave
- 123 Lenoir Ave