114 Wix Ave, Portland, TN, 37148
About This Home
Turnkey Duplex in Portland, TN! Whether you’re an investor seeking a 7% CAP rate or a homeowner looking to live in one side and offset your mortgage with rent from the other unit, this well-maintained 2022-built duplex checks every box. Each unit features a functional layout with 2 bedrooms, 1.5 baths, and modern kitchens equipped with stainless steel appliances, including a refrigerator, stove, microwave, and dishwasher. The property is designed for efficiency with individual meters for all utilities—paid by tenants—and is connected to city water and sewer with no HOA fees. Landlord does currently pay to have the small yard maintainted. Units have washer and dryer connections, concrete parking pad and their own entrances. Please respect tenant privacy and DO NOT DISTURB TENANTS. Both sides are currently occupied by tenants who wish to remain, generating a steady **$3,000 in monthly rental income** ($1,500 per unit) through April 30, 2026. Property is Section 8 approved. The property is being sold as-is — inspections welcome. Showings are available with proof of funds and 24 hr notice. This turnkey opportunity offers a rare blend of modern construction and immediate cash flow. Note that photos provided are from 2023 prior to leasing.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2022
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Laundry features: Individual,Electric Dryer Hookup,Washer Hookup
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
Features
- Flooring: Concrete
- Finished area above ground: 1,980
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 1,980
- Total interior livable area: 1,980 sqft
Property
Details
- Parcel number: 033J F 01100 000
- Attached to another structure: Yes
- Zoning: RES
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 4,464 sqft
- Lot size dimensions: 62 x 72 M
Parking
- Total spaces: 4
- Parking features: Concrete
- Has uncovered spaces: Yes
- Uncovered spaces: 4
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
- Tornado
- Cold Wave
- Ice Storm
- Lightning
- Strong Wind
- Winter Weather
- Earthquake
- Hail
- Heat Wave
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 | $2,098 | $25,176 |
| Home Insurance | $210 | $2,520 |
| Property Taxes | $159 | $1,908 |
| Electricity | $175 | $2,103 |
| Total | $2,642 | $31,704 |
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 |
|---|---|---|
| 2026-03-02 | Listed for sale | $425,000 |
View on Zillow