1337 HARBERT Ave, Memphis, TN 38104
- Added:
- Jun 15, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 16 at 1:06 pm
Property Features for 1337 HARBERT Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 4, Bedroom 6, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 3
- Standard status
- Active
- Size
- 3,178 SF
Taxes and HOA fees
- Tax Annual Amount
- 4995
Building Details
- Year built
- 1927
- Architectural style
- English
Listing agent Kendall Haney (901) 218-8887
Listing office 901 Real Estate Services 420 S Front Street, Memphis, TN (901) 399-8500
Listing date Jun 15, 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
- Great duplex in the Annesdale Historic District with a 1927 English architectural style
- 100% leased duplex with upper and lower units
- Each unit offers 3 bedrooms and 1 bathroom plus a patio
- Upstairs unit leased for $1,255/month through 10‑16‑2026
- Downstairs unit leased for $1,385/month through 07‑12‑2027
Overview
According to the listing remarks, the upstairs unit is leased through 10-16-2026 and the downstairs unit is leased through 07-12-2027. The property is across the street from Central Gardens. There is no sign on-site, and the listing notes that buyers must submit an offer before seeing the property. The seller also requests that tenants not be disturbed.
For buyers seeking an income-producing duplex with an upper/lower layout, this structure provides two distinct, similarly sized 3-bedroom, 1-bath homes with patio space. With both units leased through 2026 and 2027, the property is positioned for an owner who wants to take over with existing tenancy in place, subject to all terms of the current leases.
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 | $40.8k | $12.84 |
| − Vacancy | −$2.5k | −$0.79 |
| EGI | $38.3k | $12.05 |
| − OpEx | −$11.5k | −$3.61 |
| NOI | $26.8k | $8.43 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.017142
- Latitude
- 35.129459
