1033 KNEY St, Memphis, TN 38107
- Added:
- Apr 8, 2026
- Days on Market:
- 62
- Last Refresh:
- Jun 8 at 10:06 pm
Property Features for 1033 KNEY St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3
- Standard status
- Active
- Size
- 1,828 SF
Taxes and HOA fees
- Tax Annual Amount
- 1541
Building Details
- Year built
- 1941
Listing agent Stephanie Arender (901) 574-2330
Listing office Crye-Leike, Inc., REALTORS 6525 N Quail Hollow Rd, Memphis, TN (901) 756-8900
Listing date Apr 8, 2026
Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Well‑maintained brick duplex built in 1941 with 2 units
- Each unit features 2 BR and 1 B
- Both units include hardwood floors, a kitchen pantry, and a mud room
- Updates throughout and new HVAC units
- Tenant‑occupied with total monthly rent of $1,800
- Fenced‑in backyard
Overview
The property is located at 1033 KNEY St in Memphis, Shelby County, Tennessee 38107. The duplex is currently tenant-occupied, and a local property management company is managing the asset.
For tenants or buyers seeking a straightforward residential income setup, the duplex provides two identical-style 2BR/1BA units, each with comparable interior amenities and outdoor space. The offering is for sale with no owner financing or creative financing noted. Lease and ledger information is available upon request, and video is available upon request. Please do not approach or disturb tenants, and no showings are scheduled prior to a signed contract.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.5k | $12.84 |
| − Vacancy | −$1.4k | −$0.79 |
| EGI | $22.0k | $12.05 |
| − OpEx | −$6.6k | −$3.61 |
| NOI | $15.4k | $8.43 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.023176
- Latitude
- 35.168162
