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40 Carolane Dr, Jackson, TN 38305

Cottage Village · Madison County

Key Facts

4,960Sq Ft
1975Year Built
2Stories

Description

🏡 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!

Property Information

Property Type

Residential Income

Sub-Type

Quadruplex

Structure Type

Quadruplex

Year Built

1975

Stories

2

Living Area

4,960 sq ft

Lot Dimensions

106.98X133.7 IRR

Zoning

RES

Days on Market

32

MLS® Listing#

3194227

Property Features

Cooling

Central Air

Heating

Central

Flooring

CarpetLaminate

Construction

Vinyl Siding

Utilities

Water Available

Sewer

Public Sewer

Water Source

Public

Schools

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

Financial Details

HOA

None

Annual Taxes

$2,900

Parcel Number

066J A 00923 000

Directions

Head East on E Main St > Left onto S Highland Ave/US-45 Continue on US-45 > Merge onto I-40 W via ramp toward Memphis Take Exit 80 for US-45 Bypass/N Highland Ave Right onto US-45 Bypass/N Highland Ave Right onto Carriage House Dr Left onto Carolane Dr

Affordability Calculator

$81,900

Estimated monthly payment

$2,180/mo

Principal $327,600 · Est. interest $457,031 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Jackson, TN

$326,724
Median Listing Price
69
Median Days on Market
1,980
Median Sq Ft
$158
Median Price / Sq Ft
406
Active Listings
  • This home’s price is 25% above the area median.
  • Its price per sq ft is 48% below the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Jackson, TN.

Location

Map showing the location of 40 Carolane Dr, Jackson, TN 38305

Points of Interest in Jackson, TN

Showing the Jackson area map.

Nearby Schools

  • Jackson-Madison County Schools Jackson-Madison County School District Central Office

    School · 0.5 mi away

  • St Mary's Catholic Church

    School · 0.7 mi away

  • Hands Up! Preschool

    School · 0.9 mi away

  • Community Montessori School

    Elementary · 1.3 mi away

  • Arlington Elementary School

    Elementary · 1.4 mi away

  • Andrew Jackson Elementary School

    Elementary · 1.5 mi away

  • Gabriel's Educational Center II

    School · 1.5 mi away

  • Madison Academic High School

    Secondary · 1.9 mi away

  • West Jackson Learning Center

    School · 2.2 mi away

  • Alexander Elementary School

    Elementary · 2.2 mi away

  • Jackson Christian School

    School · 2.2 mi away

  • Jackson Christian School

    Secondary · 2.3 mi away

  • Madison Academic High School

    Secondary · 2.4 mi away

  • Jackson Central-Merry Early College High

    Secondary School · 2.5 mi away

  • Jackson Central Merry High School

    Secondary · 2.6 mi away

  • North Parkway Middle School

    Secondary · 2.6 mi away

  • Jackson Preparatory School

    School · 2.6 mi away

  • Wee Care Too

    School · 2.9 mi away

  • Lincoln Elementary School

    Elementary · 3.1 mi away

  • Lincoln Elementary School

    Elementary · 3.2 mi away

Commute Calculator

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Nearby Homes

Similar Homes Nearby

Similar Home Values

Comparable nearby listings and their asking prices.

Moving Cost Estimate

EXIT Agents in Jackson

RealTracs logo

Listing Courtesy: Dyad Real Estate and Property Management - 6158795364

Based on information submitted to the MLS GRID as of 2026-05-08 . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Last Updated: 2026-05-08

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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by Realtracs. MLS® Listing#3194227. © 2026EXIT Realty®. All rights reserved.