$335,000
Jamestown, TN 38556
MLS# 1331916
2900 sqft
1 / 4
Property Description
Historic Jamestown Gem - 10%+/- Cap Rate Turnkey Duplex Rare investment opportunity in the heart of Historic Jamestown, TN. This single-level duplex is completely remodeled and offers an impressive double-digit return, making it perfect for a portfolio addition or a ''live-in'' setup where the other unit pays your mortgage. Key Features: Immediate Cash Flow: Both units are spacious and currently leased. Total property production is approximately $40,000/year. Bonus Amenities: Includes an attached garage ($200/mo) and a dedicated storage unit ($100/mo) currently generating additional monthly revenue. Recent Upgrades: Features a 2-year-old roof and fresh interior remodels for a maintenance-free transition. Extensive Parking: Expansive paved area with ample room for multiple vehicles or potential for future carport expansion. Prime Location: Ideally situated ''close to everything,'' offering quick access to local shops and Jamestown's historic landmarks. The Opportunity: Fully managed and ready to take over. This property combines the stability of a historic location with the high-yield performance of a modern multi-family asset. One is 3 Bedrooms , 1 Bathroom, the other is 4 bedroom 1 bath , BONUS, Buy the house next-door and have even more rental potential, See 518 Flatt Spur Road.
Details
Maps
Location, Tax & Legal Info
Area: Fentress County - 43
City/County Code: City Limits
Elementary School: York
Total Tax: 618.57
High School: Clarkrange
Contract Info
Auction Y/N: No
Listing Price: 335000
Current Price: $335,000
Status: Active
Listing Date: 2026-03-09
General Property Description
Lot Dimensions: 155X195X150X139
Lot Size SqFt: 25050
# Units Leased: 2
Utilities/Mo Avg: 300
Property Status: N/A
Driveway: Huge Shared Space
SqFt - Total (Aprox): 2900
Number of Units: 2
Year Built: 1967
Remarks & Misc
Directions: HOUSE NEXT DOOR @518 Flatt Spur AVAILABLE FOR SALE AS WELL )From Crossville, Take Highway 127 North towards Jamestown,, To Left on Central Ave (west) (Highway 52), to Left on Flat Spur Road to Property on Right.
Public Remarks: Historic Jamestown Gem - 10%+/- Cap Rate Turnkey Duplex
Rare investment opportunity in the heart of Historic Jamestown, TN. This single-level duplex is completely remodeled and offers an impressive double-digit return, making it perfect for a portfolio addition or a ''live-in'' setup where the other unit pays your mortgage.
Key Features:
Immediate Cash Flow: Both units are spacious and currently leased. Total property production is approximately $40,000/year.
Bonus Amenities: Includes an attached garage ($200/mo) and a dedicated storage unit ($100/mo) currently generating additional monthly revenue.
Recent Upgrades: Features a 2-year-old roof and fresh interior remodels for a maintenance-free transition.
Extensive Parking: Expansive paved area with ample room for multiple vehicles or potential for future carport expansion.
Prime Location: Ideally situated ''close to everything,'' offering quick access to local shops and Jamestown's historic landmarks.
The Opportunity: Fully managed and ready to take over. This property combines the stability of a historic location with the high-yield performance of a modern multi-family asset.
One is 3 Bedrooms , 1 Bathroom, the other is 4 bedroom 1 bath ,
BONUS, Buy the house next-door and have even more rental potential, See 518 Flatt Spur Road.
Income/Expenses
Gross Annual Income: 44400
Property Sub-Type
Duplex: 1
Construction
Frame: 1
Frame - Brick: 1
Type of Units
3 or more Bdrm Units: 1
Handicap: 1
Unfurnished: 1
Siding
Brick: 1
Vinyl: 1
Sale Includes
No Furnishings: 1
Miscellaneous
Storage Space: 1
Cooling
Central Cooling: 1
Floors
Laminate: 1
Garage/Parking
Garage Spaces: 1
Attached: 1
Individual Garages: 1
Off-Street Parking: 1
On Premise Parking: 1
Tenant Expenses
Other: 1
Owner Expenses
Common Area Maintenance: 1
Electricity: 1
Exterior Maintenance: 1
Gas: 1
Insurance: 1
Roof Maintenance: 1
Sewer: 1
Taxes: 1
Trash Collection: 1
Water: 1
Fuel
Electric: 1
Gas (Natural): 1
Heat
Central: 1
Forced Air: 1
Appliances
Dishwasher: 1
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Self Cleaning Oven: 1
Smoke Detector: 1
Washer: 1
Other Rooms
Bedroom Main Level: 1
Den/Study: 1
Family Room: 1
Mstr Bdrm Main Level: 1
Separate Dining Room: 1
Roof
Composition: 1
Misc Features
Internet Available: 1
Walk-in Shower: 1
Walk-In Closet(s): 1
Washer/Dryer Connect: 1
Wired for Internet: 1
New Financing
Cash: 1
Conventional: 1
FHA: 1
New Loan: 1
USDA Loan: 1
VA Loan: 1
Location Tax Legal Info
House #: 514
Street Name: FLATT SPUR
St Suffix: Rd
State/Province: TN
Zip Code: 38556
PIN #: 053P B 004.00
Geo Lat: 36.431377
Geo Lon: -84.945266
Status Change Info
Status Change Date: 2026-03-09
Property Features
Property Sub-Type: Duplex
Type of Units: 3 or more Bdrm Units; Handicap; Unfurnished
Sale Includes: No Furnishings
Floors: Laminate
Tenant Expenses: Other
Owner Expenses: Common Area Maintenance; Electricity; Exterior Maintenance; Gas; Insurance; Roof Maintenance; Sewer; Taxes; Trash Collection; Water
Fuel: Electric; Gas (Natural)
Heat: Central; Forced Air
Cooling: Central Cooling
Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Self Cleaning Oven; Smoke Detector; Washer
Construction: Frame; Frame - Brick
Roof: Composition
Siding: Brick; Vinyl
Misc Features: Internet Available; Walk-in Shower; Walk-In Closet(s); Washer/Dryer Connect; Wired for Internet
Other Rooms: Bedroom Main Level; Den/Study; Family Room; Mstr Bdrm Main Level; Separate Dining Room
Miscellaneous: Storage Space
New Financing: Cash; Conventional; FHA; New Loan; USDA Loan; VA Loan
IDX
Listing Office: ReMax Preferred Properties, In
Office Phone: 865-694-8100
Last Updated: March - 16 - 2026
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
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