🏡 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!
Under contract - showing
Price cut: $20.4K (6/9)
$409,500
40 Carolane Dr, Jackson, TN 38305
24beds
24baths
4,960sqft
Multi Family
Built in 1975
-- sqft lot
$-- Zestimate®
$83/sqft
$-- HOA
What's special
Functional layoutsPrivate bedroomsFour spacious unitsComfortable living spaces
- 8 days |
- 216 |
- 14 |
Zillow last checked:
Listing updated:
Listed by:
Bryan Jones 615-879-5364,
Dyad Real Estate and Property Management 931-451-8111
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3194227
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 24
- Bathrooms: 24
Heating
- Central
Cooling
- Central Air
Features
- Flooring: Carpet, Laminate
Interior area
- Total structure area: 4,960
- Total interior livable area: 4,960 sqft
- Finished area above ground: 4,960
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.33 Acres
- Dimensions: 106.98 x 133.7 IRR
Details
- Parcel number: 066J A 00923 000
- Zoning: RES
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1975
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Available
Community & HOA
Community
- Subdivision: Cottage Village
HOA
- Has HOA: No
Location
- Region: Jackson
Financial & listing details
- Price per square foot: $83/sqft
- Tax assessed value: $208,000
- Annual tax amount: $2,900
- Date on market: 8/7/2026
- Inclusions: Appliances
- Total actual rent: 2825
- Tenant pays: Electricity, Gas, Water
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/14/2026 | Contingent | $409,500$83/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #3194227 Report a problem | ||
| 6/9/2026 | Price change | $409,500-4.7%$83/sqft |
Source: RealTracs MLS as distributed by MLS GRID #3194227 Report a problem | ||
| 5/8/2026 | Listed for sale | $429,900+41%$87/sqft |
Source: RealTracs MLS as distributed by MLS GRID #3194227 Report a problem | ||
| 7/14/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 5/10/2023 | Listed for rent | $975 |
Source: Zillow Rentals Report a problem | ||
| 5/4/2022 | Sold | $305,000+144%$61/sqft |
Source: Public Record Report a problem | ||
| 4/19/2021 | Sold | $125,000+38.9%$25/sqft |
Source: Public Record Report a problem | ||
| 8/30/2018 | Sold | $90,000$18/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,900 | $83,200 |
| 2024 | $2,900 | $83,200 |
| 2023 | $2,900 | $83,200 |
| 2022 | $2,900 +7.8% | $83,200 +33.4% |
| 2021 | $2,689 | $62,360 |
| 2020 | $2,689 +83.5% | $62,360 |
| 2019 | $1,465 -45.5% | $62,360 |
| 2018 | $2,689 -0.2% | $62,360 +2.2% |
| 2017 | $2,693 | $61,040 |
| 2016 | $2,693 +7.3% | $61,040 |
| 2015 | $2,510 | $61,040 |
| 2014 | $2,510 | $61,040 |
| 2013 | -- | $61,040 -8.5% |
| 2012 | $2,749 | $66,730 |
| 2011 | $2,749 | $66,730 |
| 2010 | -- | $66,730 |
| 2009 | -- | $66,730 +15.4% |
| 2008 | $2,549 | $57,803 |
| 2007 | $2,549 -2.7% | $57,803 -2.7% |
| 2006 | $2,620 | $59,413 |
| 2005 | $2,620 -5.8% | $59,413 |
| 2004 | $2,781 -4.6% | $59,413 -4.6% |
| 2002 | $2,916 | $62,308 |
| 2001 | -- | $62,308 -60% |
| 2000 | -- | $155,769 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 38305
Nearby schools
GreatSchools rating
- 4/10Arlington Elementary SchoolGrades: PK-5Distance: 1.4 mi
- 3/10Jackson Central Merry Middle SchoolGrades: 6-8Distance: 2.6 mi
- 3/10Jackson Central Merry High SchoolGrades: 9-12Distance: 2.6 mi
Schools provided by the listing agent
- Elementary: Arlington Elementary School
- Middle: Jackson Central Merry Middle School
- High: Jackson Central-Merry Early College High
Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
