40 Carolane Dr, Jackson, TN, 38305
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!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1975
Materials
- Construction materials: Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 6
Features
- Flooring: Carpet,Laminate
- Finished area above ground: 4,960
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 4,960
- Total interior livable area: 4,960 sqft
Property
Details
- Parcel number: 066J A 00923 000
- Attached to another structure: Yes
- Zoning: RES
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 0.33 Acres
- Lot size dimensions: 106.98 x 133.7 IRR
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Earthquake
- Tornado
- Ice Storm
- Lightning
- Strong Wind
- Heat Wave
- Inland Flooding
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Tennessee Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,070 | $24,840 |
| Home Insurance | $306 | $3,672 |
| Property Taxes | $204 | $2,448 |
| Electricity | $403 | $4,836 |
| Total | $2,983 | $35,796 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-08 | Listed for sale | $429,900 |
| 2023-07-14 | Listing removed | -- |
| 2023-05-10 | Listed for rent | $975 |
| 2022-05-04 | Sold | $305,000 |
| 2021-04-19 | Sold | $125,000 |
| 2018-08-30 | Sold | $90,000 |
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