40 Carolane Dr Jackson, TN 38305
Estimated payment $2,536/month
Highlights
- No HOA
- Central Heating and Cooling System
- Carpet
About This Home
Turn-Key Quadplex Investment Opportunity in Jackson, TN! Excellent opportunity to own an income-producing quad in the heart of Jackson! This well-maintained property features four spacious units, each offering 2 bedrooms and 1.5 bathrooms, making it an attractive option for long-term tenants and investors alike. Currently generating approximately $3,900 per month in rental income, this property offers strong cash flow potential with established rental demand in the area. Each unit features functional layouts, comfortable living spaces, private bedrooms, and convenient half baths for guests. Whether you’re looking to expand your rental portfolio, house hack, or secure a low-maintenance investment property, this duplex checks the boxes. Property Highlights:
• Quadplex with 4 separate units
• Each unit: 2 Bed / 1.5 Bath
• Approx. $3,900/month gross rental income
• Strong investment potential
• Convenient Jackson location
• Ideal for investors or owner-occupants
• Great long-term rental opportunity Don’t miss your chance to own a cash-flowing multifamily property in one of West Tennessee’s growing rental markets!
Listing Agent
Dyad Real Estate and Property Management Brokerage Phone: 6158795364 License #343857 Listed on: 05/08/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,900
Year Built
- Built in 1975
Home Design
- Quadruplex
- Vinyl Siding
Interior Spaces
- 4,960 Sq Ft Home
- Property has 2 Levels
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Schools
- Arlington Elementary School
- Jackson Central Merry Middle School
- Jackson Central-Merry Early College High School
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 066J A 00923 000
Community Details
Overview
- No Home Owners Association
- 4 Units
- Cottage Village Subdivision
Building Details
- Operating Expense $195
- Gross Income $3,900
- Net Operating Income $3,705
Map
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 | $1,559 | $83,200 | $3,800 | $79,400 |
| 2024 | $1,559 | $83,200 | $3,800 | $79,400 |
| 2022 | $2,900 | $83,200 | $3,800 | $79,400 |
| 2021 | $2,688 | $62,360 | $3,040 | $59,320 |
| 2020 | $2,688 | $62,360 | $3,040 | $59,320 |
| 2019 | $2,688 | $62,360 | $3,040 | $59,320 |
| 2018 | $2,688 | $62,360 | $3,040 | $59,320 |
| 2017 | $2,693 | $61,040 | $3,040 | $58,000 |
| 2016 | $2,510 | $61,040 | $3,040 | $58,000 |
| 2015 | $2,510 | $61,040 | $3,040 | $58,000 |
| 2014 | $2,510 | $61,040 | $3,040 | $58,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/08/2026 05/08/26 | For Sale | $429,900 | +41.0% | $87 / Sq Ft | |
| 04/18/2022 04/18/22 | Sold | $305,000 | 0.0% | $61 / Sq Ft | View Prior Sale |
| 04/18/2022 04/18/22 | Pending | -- | -- | -- | |
| 04/16/2022 04/16/22 | For Sale | $305,000 | -- | $61 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $125,000 | None Available | |
| Warranty Deed | $125,000 | Patterson Charles | |
| Warranty Deed | $90,000 | None Available | |
| Warranty Deed | $106,600 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Realtracs
MLS Number: 3194227
APN: 066J-A-009.23
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Listings courtesy of Realtracs as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.