Two-Unit Ranch
New
For Sale
$165,000
3113 YALE Ave, Memphis, TN 38112
Duplexes, Ranch, Memphis, TN
Property Size1,620 SF
Price / SF$101.85
Days on Market2
Property Features for 3113 YALE Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 2
Subdivision
AMALIA
Standard status
Active
Size
1,620 SF
Taxes and HOA fees
Tax Annual Amount
1384
Building Details
Year built
1960
Architectural style
Ranch
Listing Agency:
BHHS McLemore & Co. Realty · Real Living
(901) 701-7555
Listed By:
Allison Brents
(901) 651-8550
Added: Oct 6
Last Checked: Oct 7 at 2:06PM
MLS# 10231851
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 1,620-square-foot ranch-style duplex contains two residences with a combined four bedrooms and two bathrooms. The interiors have updated finishes, durable flooring, refreshed kitchens, and central heating and cooling. Built in 1960, the property is currently tenant occupied.
One unit is leased month-to-month, while the other lease runs through May 2027. The property is in Memphis, near Sam Cooper Boulevard, Tillman Street, and Broad Avenue.
One unit is leased month-to-month, while the other lease runs through May 2027. The property is in Memphis, near Sam Cooper Boulevard, Tillman Street, and Broad Avenue.
Key Highlights
- Two‑unit duplex with 1,620 square feet
- Four bedrooms and two bathrooms across the property
- Both units are occupied; one lease is month‑to‑month and the other runs through May 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,662
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,240
$273.2K
Cap Rate 7%
$195,171
$195.2K
Cap Rate 9%
$151,800
$151.8K
Market Conditions
NOI Build-Up for 1,620 SF
Gross rent
$20.8K $12.84/SF
− Vacancy
−$1.3K −$0.79/SF
EGI
$19.5K $12.05/SF
− OpEx
−$5.9K −$3.61/SF
NOI
$13.7K $8.43/SF
Area
Memphis, TN
Vacancy
6.17%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,240
Cap Rate 7%
$195,171
Cap Rate 9%
$151,800
Alternative Uses
Best Use
Multifamily LT 5
$195.2K
$170.8K – $227.7K
NOI $13,662 @ 7.0% cap · market cap 8.28%
Second Best
Apartment 5plus
$172.8K
$151.2K – $201.6K
NOI $12,096 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$478.8K
$418.9K – $558.6K
NOI $33,515 @ 7.0% cap · market cap 20.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
Explore this area
Business Placement
Demographics for 38112, TN
16,970
Population
7,425
Households
2.3
Avg Household Size
32
Median Age
38%
College-Educated
85%
High-School Grad
4.8 sq mi
ZIP Area
3,535
Density / Sq Mi
$52,639
Median Household Income
$29,576
Median Earnings
$969
Median Rent
$206,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied and feature central heating and cooling.
Where is this duplex located?
The property is located at 3113 YALE Ave 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: Two‑unit duplex with 1,620 square feet; Four bedrooms and two bathrooms across the property; Both units are occupied; one lease is month‑to‑month and the other runs through May 2027
