$375,000
SOLD SEP 3, 2026

40 Carolane Dr Jackson, TN 38305

Jackson Area
-- Beds
-- Baths
4,960 Sq Ft
1975 Built

Sale Details

Date Sold: September 3, 2026

$76 Per Sq Ft

13% Below List Price

7 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • Carpet

About This Home

As of September 2026

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!

Last Agent to Sell the Property

Bryan Jones

Dyad Real Estate and Property Management Brokerage Phone: 6158795364 License #343857 Listed on: 08/07/2026

Last Buyer's Agent

NONMLS NONMLS

License #2211

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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

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

  • Total Actual Rent $2,825
  • 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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,900

Year Built

Built in 1975

Lot Details

0 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1975
  • Inclusions: Appliances
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex
  • Year Built Details: Existing
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Laminate
  • Above Grade Finished Sq Ft: 4960.0
  • Building Area Units: Square Feet
  • Living Area: 4960.0
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Vinyl Siding
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Garage Yn: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Water Available

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Zoning: RES
  • Lot Size: 106.98X133.7 IRR
  • Lot Size Units: Acres
  • Parcel #: 066J A 00923 000
  • Property Attached Yn: Yes

Rental Info

  • Owner Pays: None
  • HOA Rent Includes: None
  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water

Multi Family

  • Gross Income: 3900
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 3705
  • Number Of Units Total: 4
  • Annual Operating Expense: 195
  • Total Actual Rent: 2825.0

Tax Info

  • Tax Annual Amount: 2900

MLS Schools

  • Elementary School: Arlington Elementary School
  • High School: Jackson Central-Merry Early College High
  • Middle Or Junior School: Jackson Central Merry Middle School

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2026
Closed on
Sep 3, 2026
Sold by
Hockwold Holdings Llc
Bought by
Seller's Agent
Bryan Jones
Dyad Real Estate and Property Management
Buyer's Agent
NONMLS NONMLS
List Price
$429,900
Sold Price
$375,000
Premium/Discount to List
-$54,900
-12.77%
Views
37

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
361.19%

Purchase Details

Closed on
Nov 4, 2021
Sold by
Steele David and Atkins Kevin
Bought by
Jenkins Michael

Purchase Details

Closed on
Mar 6, 2021
Sold by
Jackson 38301 Llc
Bought by
Steele Michael and Atkins Kevin

Purchase Details

Closed on
Aug 29, 2018
Sold by
Simpson Danny B and Simpson Brenda H
Bought by
Jackson 38301 Llc

Purchase Details

Closed on
Nov 19, 1987
Bought by
Simpson Danny B

Purchase Details

Closed on
Nov 3, 1987

Purchase Details

Closed on
Jul 5, 1977

Purchase Details

Closed on
Jul 18, 1975
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Warranty Deed $125,000 Patterson Charles
Warranty Deed $90,000 None Available
Warranty Deed $106,600 --
Deed -- --
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $114,750 New Conventional
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/03/2026 09/03/26 Sold $375,000 -8.4% $76 / Sq Ft
06/09/2026 06/09/26 Price Changed $409,500 -4.7% $83 / Sq Ft
05/08/2026 05/08/26 For Sale $429,900 -- $87 / Sq Ft
Source: Realtracs

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 3194227

Realtracs

APN: 066J-A-009.23

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