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Memphis Duplex Investment Opportunity

1327 PEACH Ave Memphis, TN 38104

1327 PEACH Ave, Memphis, TN, 38104
$138,000
For Sale
Claim this Listing
$138,000

MULTI_FAMILY - Memphis, TN

Property Size1,340 SF
Price / SF$102.99
AddedApr 21
Days on Market87
Last RefreshJul 15 at 11:06 pm

Property Features for 1327 PEACH Ave

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
Standard status
Active
Size
1,340 SF

Taxes and HOA fees

Tax Annual Amount
1263

Building Details

Year built
1946
Architectural style
Other

Listing agent Chastity Hardin

Listing office Moss Real Estate 4597 William Arnold Road, Memphis, TN

Listing date Apr 21, 2026

MLS# 10219779 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 is a prime investment opportunity in Memphis, featuring three tenant-occupied duplexes offered as a package deal. The properties include six units, each with one bedroom and one bathroom. Long-term tenants are currently under lease through December 31, 2026. The well-maintained properties are located near Crosstown Concourse. Each property includes fenced backyards. Situated in a high-demand location, the duplexes are close to shopping, dining, transportation, and downtown amenities. The total property size is 1340 square feet. These income-producing properties offer strong rental appeal and long-term growth potential. The package includes properties at 1327, 1329, 1323, 1325, 1319, and 1321 Peach Ave.

Key Highlights

  • Package deal includes 3 duplexes sold together with 6 total 1‑bedroom, 1‑bath units
  • All units are tenant‑occupied with long‑term leases in place through 12/31/26
  • Addresses included: 1319, 1321, 1323, 1325, 1327, and 1329 Peach Ave (MLS #10219788 and #10219779 noted)

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 $17.2k $12.84
− Vacancy −$1.1k −$0.79
EGI $16.1k $12.05
− OpEx −$4.8k −$3.61
NOI $11.3k $8.43
1,340 SF · lease $12.84/SF/yr · vacancy 6.17% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$161.4K
$141.3K – $188.4K (±1% cap)
NOI $11,301 @ 7.0% cap · market cap 8.19%
Second Best
Apartment 5plus
$142.9K
$125.1K – $166.8K (±1% cap)
NOI $10,006 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$396.0K
$346.5K – $462.0K (±1% cap)
NOI $27,722 @ 7.0% cap · market cap 20.09%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

HVAC Service Electrical Service Grocery & Convenience Store Home Appliance Store (Bike/Boat/Book/etc) Store Carpet & Flooring Store Acupuncture (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Butcher

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Tenant-occupied duplexes near Crosstown Concourse, a prime investment location.
Where is this duplex located?
The property is located at 1327 PEACH Ave Memphis, TN.
What is the asking price?
The asking price for this property is $138,000.
What are key features of this property?
This property features: Package deal includes 3 duplexes sold together with 6 total 1‑bedroom, 1‑bath units; All units are tenant‑occupied with long‑term leases in place through 12/31/26; Addresses included: 1319, 1321, 1323, 1325, 1327, and 1329 Peach Ave (MLS #10219788 and #10219779 noted)
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