Occupied Income-Producing
For Sale
$170,000
3133 NATHAN Ave, Memphis, TN 38112
Duplexes, Traditional, Memphis, TN
Property Size1,676 SF
Price / SF$101.43
Days on Market41
Property Features for 3133 NATHAN Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 2
Subdivision
ROGERS SUMMER AVE ACREAGE
Standard status
Active
Size
1,676 SF
Taxes and HOA fees
Tax Annual Amount
950
Building Details
Year built
1963
Architectural style
Other
Listing Agency:
eXp Realty, LLC
(888) 519-5113
Listed By:
Abdullah Abunasrah
(901) 831-9661
Added: Aug 28
Changed: Oct 7
Last Checked: Oct 7 at 12:06PM
MLS# 10229329
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 1,676-square-foot duplex was built in 1963 and contains four bedrooms and two bathrooms across its residential units. Both units are currently leased, and the sale is subject to the existing leases, providing an established occupancy profile for the next owner.
Recent capital work includes a roof replaced approximately 2 years ago and a water heater approximately 2 years old. The property is located in Memphis, Tennessee, and is available individually or as part of a six-property offering from the same seller.
Recent capital work includes a roof replaced approximately 2 years ago and a water heater approximately 2 years old. The property is located in Memphis, Tennessee, and is available individually or as part of a six-property offering from the same seller.
Key Highlights
- Two‑unit duplex with 1,676 square feet of property size
- Both units are leased and the sale is subject to existing leases
- Four bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,134
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,680
$282.7K
Cap Rate 7%
$201,914
$201.9K
Cap Rate 9%
$157,044
$157.0K
Market Conditions
NOI Build-Up for 1,676 SF
Gross rent
$21.5K $12.84/SF
− Vacancy
−$1.3K −$0.79/SF
EGI
$20.2K $12.05/SF
− OpEx
−$6.1K −$3.61/SF
NOI
$14.1K $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%
$282,680
Cap Rate 7%
$201,914
Cap Rate 9%
$157,044
Alternative Uses
Best Use
Multifamily LT 5
$201.9K
$176.7K – $235.6K
NOI $14,134 @ 7.0% cap · market cap 8.31%
Second Best
Apartment 5plus
$178.8K
$156.4K – $208.6K
NOI $12,515 @ 7.0% cap · market cap 7.36%
Theoretical Best
Office A
$495.3K
$433.4K – $577.9K
NOI $34,673 @ 7.0% cap · market cap 20.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units are leased, with a roof and water heater replaced or installed approximately 2 years ago.
Where is this duplex located?
The property is located at 3133 NATHAN Ave Memphis, TN.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,676 square feet of property size; Both units are leased and the sale is subject to existing leases; Four bedrooms and two bathrooms
