3312 POWELL Ave Memphis, TN 38122
MULTI_FAMILY - Memphis, TN
Property Features for 3312 POWELL Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2
- Standard status
- Active
- Size
- 2,025 SF
Taxes and HOA fees
- Tax Annual Amount
- 1170
Building Details
- Year built
- 1968
- Architectural style
- Other
Listing agent Habiba Sharmin (901) 355-3305
Listing office Keller Williams 775 Ridge Lake Blvd Ste 400, Memphis, TN (901) 261-7900
Listing date Apr 1, 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.
Recent improvements reported include a roof replacement in 2023, water heater replacement in 2023, and an air conditioning update in 2026. The listing also states all windows were replaced in 2023 and all doors were replaced in 2023, along with a kitchen update in 2023.
Each unit’s configuration supports separate occupancy within the duplex, offering a practical layout for either fully tenant-occupied use or owner-occupancy with rental income from the other unit.
Key Highlights
- Duplex with two units (3312 and 3314): 2 BR on one side and 1 BR on the other
- 3312 is vacant and ready for showing; 3314 is occupied with $800 monthly rent
- Roof replaced in 2023
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 | $29.4k | $14.52 |
| − Vacancy | −$1.9k | −$0.94 |
| EGI | $27.5k | $13.58 |
| − OpEx | −$12.4k | −$6.11 |
| NOI | $15.1k | $7.47 |
