1352 S COOPER St Memphis, TN 38114
MULTI_FAMILY - Memphis, TN
Property Features for 1352 S COOPER St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 1
- Standard status
- Active
- Size
- 1,656 SF
Taxes and HOA fees
- Tax Annual Amount
- 2340
Building Details
- Year built
- 1949
- Architectural style
- Other
Listing agent Jeremy Veldman (662) 418-7511
Listing office KAIZEN Realty, LLC 7540 North Street, Germantown, TN (901) 221-4041
Listing date Jun 9, 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.
Investment Insights
Based on property information with market context.
The duplex is located in Memphis, Tennessee 38114 in Shelby County. The seller notes the units are rented and that both tenants are current and pay on time.
For buyers or operators seeking a maintained two-unit residential income property with defined lease schedules, this structure offers clarity on occupancy and timing. With major renovations completed in 2022 and ongoing professional management in place, the duplex may support investors looking for a straightforward, turnkey management approach. No wholesale, creative, or seller financing offers are being considered, per the seller’s remarks.
Key Highlights
- Solid cash‑flowing duplex built in 1949 with 2 rented units (rented for $1,700 total, $850 per side).
- Unit 1352 lease expires 12/31/2026; tenant moved in 12/20/2022 and is current.
- Unit 1354 lease expires 3/31/2027; tenant moved in 3/4/2025 and is current.
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 | $21.3k | $12.84 |
| − Vacancy | −$1.3k | −$0.79 |
| EGI | $20.0k | $12.05 |
| − OpEx | −$6.0k | −$3.61 |
| NOI | $14.0k | $8.43 |
