Package Multifamily Income
1096 GORDON St Memphis, TN 38122
1096 GORDON St, Memphis, TN, 38122
$173,000
For Sale
$173,000
MULTI_FAMILY - Memphis, TN
Property Size1,841 SF
Price / SF$93.97
Days on Market82
Property Features for 1096 GORDON St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1
- Standard status
- Active
- Size
- 1,841 SF
Taxes and HOA fees
- Tax Annual Amount
- 801
Building Details
- Year built
- 1947
- Architectural style
- Other
Listing Agency
BEST Real Estate Company
(901) 407-2177
6825 Summer Ave, Memphis, TN
Listed by
Elizabeth Castillo
(901) 497-4957
Added: Apr 30 Checked: Jul 20 at 3:06 am
MLS# 10220470
Listing URL
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.
Investment Insights
Based on property information with market context.
This offering includes three income-producing residential properties presented as a package deal for one total sale. The portfolio includes addresses 1004-1006 Highland Ave, 1096-1098 Gordon Ave, and 540-542 Berclair Rd, and is described as sold as a package only.
According to the provided remarks, the properties are generating $5,700 in monthly revenue with long-term tenants already in place, providing immediate cash flow based on current occupancy.
Property type is listed as multifamily/residential income, aligning with the duplex-style configuration referenced by the property types included in the listing data.
According to the provided remarks, the properties are generating $5,700 in monthly revenue with long-term tenants already in place, providing immediate cash flow based on current occupancy.
Property type is listed as multifamily/residential income, aligning with the duplex-style configuration referenced by the property types included in the listing data.
Key Highlights
- Package deal: three income‑producing properties at 1004–1006 Highland Ave, 1096–1098 Gordon Ave, and 540–542 Berclair Rd
- Offered for $520,000 as a package only
- Total income reported: $5,700 per month
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 | $23.6k | $12.84 |
| − Vacancy | −$1.5k | −$0.79 |
| EGI | $22.2k | $12.05 |
| − OpEx | −$6.7k | −$3.61 |
| NOI | $15.5k | $8.43 |
1,841 SF · lease $12.84/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$221.8K
$194.1K – $258.8K
NOI $15,526 @ 7.0% cap · market cap 8.97%
Second Best
Apartment 5plus
$196.4K
$171.8K – $229.1K
NOI $13,747 @ 7.0% cap · market cap 7.95%
Theoretical Best
Office A
$544.1K
$476.1K – $634.8K
NOI $38,087 @ 7.0% cap · market cap 22.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Three income-producing properties are offered as a package, generating $5,700 monthly with long-term tenants in place.
Where is this duplex located?
The property is located at 1096 GORDON St Memphis, TN.
What is the asking price?
The asking price for this property is $173,000.
What are key features of this property?
This property features: Package deal: three income‑producing properties at 1004–1006 Highland Ave, 1096–1098 Gordon Ave, and 540–542 Berclair Rd; Offered for $520,000 as a package only; Total income reported: $5,700 per month
