3038-3040 SINCLAIR St, Memphis, TN 38127
- Added:
- Jun 22, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 3038-3040 SINCLAIR St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2
- Standard status
- Active
- Size
- 1,375 SF
Taxes and HOA fees
- Tax Annual Amount
- 1414
Building Details
- Year built
- 1961
- Architectural style
- Other
Listing agent Joshua Cooper (901) 871-1204
Listing office Sowell, Realtors 54 S Cooper St, Memphis, TN (901) 278-4380
Listing date Jun 22, 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
- 1961‑built duplex with two 2 bed / 1 bath units
- 3038 Sinclair is tenant occupied for $725/mo through July 26, 2026
- 3040 Sinclair is vacant and ready to show for a new tenant
Overview
The property is located in Memphis, TN 38127 within Shelby County. The listing provides direct street addressing for both units, supporting easy identification for buyers and tenant prospects.
For investors and owner-occupants seeking a duplex with existing rental income and a separate unit ready to re-lease, this layout offers a practical path to managing two residential units. With one lease in place through mid-2026 and the other unit currently available, the property can fit buyers who want both immediate occupancy and flexibility for the vacant unit.
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 | $16.7k | $12.12 |
| − Vacancy | −$1.0k | −$0.75 |
| EGI | $15.6k | $11.37 |
| − OpEx | −$4.7k | −$3.41 |
| NOI | $10.9k | $7.96 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.041824
- Latitude
- 35.20856
