201 STONEWALL St Memphis, TN 38112
MULTI_FAMILY - Memphis, TN
Property Features for 201 STONEWALL St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 1, Bedroom 2
- Standard status
- Active
- Size
- 3,998 SF
Taxes and HOA fees
- Tax Annual Amount
- 6437
Building Details
- Year built
- 1916
- Architectural style
- Colonial
Listing agent Todd Adams (901) 870-7633
Listing office Keller Williams 775 Ridge Lake Blvd Ste 400, Memphis, TN (901) 261-7900
Listing date Mar 19, 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.
Located at 201 Stonewall St in Midtown Memphis within the Historic Evergreen District, the property is presented as walkable to local shopping and several nearby attractions, including Overton Park, the Memphis Zoo, theaters, hospitals, and colleges. The listing further highlights a verified double-lot configuration.
This duplex can be used by owner-occupants or investors looking for flexible live-and-rent options, with the ability to lease both units. The listing also suggests it may be suitable for short-term rental use and mentions a possibility of negotiating a fully furnished, turnkey-style offering with personal property available “as-is.” Additionally, the verified double lot is described as potentially allowing the addition of another duplex, subject to applicable approvals.
Key Highlights
- 1916 duplex at 201 Stonewall in Midtown Memphis’ Historic Evergreen District
- Approximately 4,000 sq ft with 5 bedrooms and 4 bathrooms (Bedroom 1–5; Bathroom 1–4)
- 10‑ft ceilings with gleaming hardwood floors
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 | $51.3k | $12.84 |
| − Vacancy | −$3.2k | −$0.79 |
| EGI | $48.2k | $12.05 |
| − OpEx | −$14.5k | −$3.61 |
| NOI | $33.7k | $8.43 |
