3045 ALLISON Ave Memphis, TN 38112
MULTI_FAMILY - Memphis, TN
- Added:
- Jan 21, 2026
- Days on Market:
- 174
- Last Refresh:
- Jul 14 at 11:06 am
Property Features for 3045 ALLISON Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 2
- Standard status
- Active
- Size
- 1,779 SF
Taxes and HOA fees
- Tax Annual Amount
- 803
Building Details
- Year built
- 1973
- Architectural style
- Other
Listing agent Caleb Hall (901) 550-9021
Listing office Keller Williams 9087 Poplar Avenue #101, Memphis, TN (901) 221-5100
Listing date Jan 21, 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.
Key Highlights
- 1973‑built rental home with an active lease in place
- Currently leased month‑to‑month at $650 and $675 per month
- Part of a 103‑home package
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 | $25.8k | $14.52 |
| − Vacancy | −$1.7k | −$0.94 |
| EGI | $24.2k | $13.58 |
| − OpEx | −$10.9k | −$6.11 |
| NOI | $13.3k | $7.47 |
