Portland, TN 37148
$425,000.00
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.
Based on information submitted to the MLS GRID as of 2026-04-15T18:37:01+00:00. 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.
Explore market data for Portland and the none neighborhood
City-wide statistics
Neighborhood statistics
Timeline of listing events and status changes
Currently active listing
1 month ago • Mar 2, 2026
44 days on market
$425,000.00