Brick Duplex on Corner
1672 CLANCY St Memphis, TN 38106
1672 CLANCY St, Memphis, TN, 38106
$90,000
For Sale
$90,000
MULTI_FAMILY - Memphis, TN
Property Size1,050 SF
Price / SF$85.71
Days on Market55
Property Features for 1672 CLANCY St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 2
- Standard status
- Active
- Size
- 1,050 SF
Taxes and HOA fees
- Tax Annual Amount
- 736
Building Details
- Year built
- 1950
- Architectural style
- Other
Listing agency
Fast Track Realty, LLC
(901) 767-8770
Listed by
Verna Littleton
(901) 490-9449
Added: May 28 Updated: Jul 21 at 12:09PM Checked: Jul 21 at 7:06PM
MLS# 10222586
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 brick duplex is situated on a corner lot and offers two separate doors. One unit is currently rented, with a lease end date of 05/01/2027. The other side is vacant and positioned to be rented at the same $685 rate noted in the marketing materials. A property management company is in place.
The property is located at 1672 CLANCY St in Memphis, TN 38106, in Shelby County. The seller notes the home is minutes from downtown, midtown, and the expressway. At 1,050 square feet total, it presents a straightforward buy-and-manage profile with an in-place management arrangement and one unit already producing rental income while the second unit is ready to lease.
The property is located at 1672 CLANCY St in Memphis, TN 38106, in Shelby County. The seller notes the home is minutes from downtown, midtown, and the expressway. At 1,050 square feet total, it presents a straightforward buy-and-manage profile with an in-place management arrangement and one unit already producing rental income while the second unit is ready to lease.
Key Highlights
- Brick duplex built in 1950 on a corner lot
- One unit is rented for $685 with lease ending 05/01/2027
- Second unit is vacant and ready to rent; listed as marketable for $685
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 | $15.2k | $14.52 |
| − Vacancy | −$991 | −$0.94 |
| EGI | $14.3k | $13.58 |
| − OpEx | −$6.4k | −$6.11 |
| NOI | $7.8k | $7.47 |
1,050 SF · lease $14.52/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$126.5K
$110.7K – $147.6K
NOI $8,855 @ 7.0% cap · market cap 9.84%
Second Best
Apartment 5plus
$112.0K
$98.0K – $130.7K
NOI $7,840 @ 7.0% cap · market cap 8.71%
Theoretical Best
Office A
$310.3K
$271.5K – $362.0K
NOI $21,722 @ 7.0% cap · market cap 24.14%
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 - Brick duplex with one side leased through 05/01/2027 and the other vacant for immediate occupancy.
Where is this duplex located?
The property is located at 1672 CLANCY St Memphis, TN.
What is the asking price?
The asking price for this property is $90,000.
What are key features of this property?
This property features: Brick duplex built in 1950 on a corner lot; One unit is rented for $685 with lease ending 05/01/2027; Second unit is vacant and ready to rent; listed as marketable for $685
