Renovated
1664 S LAUDERDALE St Memphis, TN 38106
1664 S LAUDERDALE St, Memphis, TN, 38106
$165,000
For Sale
$165,000
MULTI_FAMILY - Memphis, TN
Property Size1,804 SF
Price / SF$91.46
Days on Market35
Property Features for 1664 S LAUDERDALE St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Standard status
- Active
- Size
- 1,804 SF
Taxes and HOA fees
- Tax Annual Amount
- 680
Building Details
- Year built
- 1960
Listing agency
Assured Real Estate Services
(901) 741-2699
Listed by
Rodney Porter
(901) 461-2868
Added: Jun 17 Updated: Jul 19 at 8:38AM Checked: Jul 21 at 10:06AM
MLS# 10224128
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 freshly renovated triplex offers a residential income configuration with three units in place. The property is presented as a tri plex in the South Memphis area and is described in the remarks as having strong rental income potential.
The address is 1664 S LAUDERDALE St, Memphis, TN 38106, in Shelby County. The surrounding area is described as mature, with access to public transportation and shopping, and the location is described as centrally located.
The listing is offered for sale, with a stated total property size of 1,804 square feet.
The address is 1664 S LAUDERDALE St, Memphis, TN 38106, in Shelby County. The surrounding area is described as mature, with access to public transportation and shopping, and the location is described as centrally located.
The listing is offered for sale, with a stated total property size of 1,804 square feet.
Key Highlights
- Tri‑plex built in 1960
- Recently renovated tri‑plex in the South Memphis area
- Reported rental income potential
Local Financial Insights For Apartment 5plus
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 | $26.2k | $14.52 |
| − Vacancy | −$1.7k | −$0.94 |
| EGI | $24.5k | $13.58 |
| − OpEx | −$11.0k | −$6.11 |
| NOI | $13.5k | $7.47 |
1,804 SF · lease $14.52/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$217.3K
$190.2K – $253.6K
NOI $15,214 @ 7.0% cap · market cap 9.22%
Second Best
Apartment 5plus
$192.4K
$168.4K – $224.5K
NOI $13,470 @ 7.0% cap · market cap 8.16%
Theoretical Best
Office A
$533.2K
$466.5K – $622.0K
NOI $37,321 @ 7.0% cap · market cap 22.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Freshly renovated triplex property offered for sale in South Memphis.
Where is this triplex located?
The property is located at 1664 S LAUDERDALE St Memphis, TN.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Tri‑plex built in 1960; Recently renovated tri‑plex in the South Memphis area; Reported rental income potential
