Multi-Family Income
540 BERCLAIR Rd Memphis, TN 38122
540 BERCLAIR Rd, Memphis, TN, 38122
$173,000
For Sale
$173,000
MULTI_FAMILY - Memphis, TN
Property Size1,659 SF
Price / SF$104.28
Days on Market82
Property Features for 540 BERCLAIR Rd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1
- Standard status
- Active
- Size
- 1,659 SF
Taxes and HOA fees
- Tax Annual Amount
- 1220
Building Details
- Year built
- 1955
- Architectural style
- Other
Listing Agency
BEST Real Estate Company
(901) 407-2177
6825 Summer Ave, Memphis, TN
Listed by
Elizabeth Castillo
(901) 497-4957
Added: Apr 30 Checked: Jul 20 at 3:06 am
MLS# 10220471
Listing URL
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 multi-family package includes three income-producing properties offered together as a package only. The properties are listed at 1004-1006 Highland Ave, 1096-1098 Gordon Ave, and 540-542 Berclair Rd in Memphis, Tennessee 38122.
The portfolio is described as generating $5,700 in monthly income with long-term tenants already in place, providing immediate cash flow based on the information provided.
All units are being sold as part of this bundle, with no individual property option indicated in the remarks.
The portfolio is described as generating $5,700 in monthly income with long-term tenants already in place, providing immediate cash flow based on the information provided.
All units are being sold as part of this bundle, with no individual property option indicated in the remarks.
Key Highlights
- Package deal: three income‑producing properties sold as a package only (1004–1006 Highland Ave, 1096–1098 Gordon Ave, and 540–542 Berclair Rd).
- $520,000 total package price for all three properties.
- Combined monthly income of $5,700 with long‑term tenants already in place.
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 | $21.3k | $12.84 |
| − Vacancy | −$1.3k | −$0.79 |
| EGI | $20.0k | $12.05 |
| − OpEx | −$6.0k | −$3.61 |
| NOI | $14.0k | $8.43 |
1,659 SF · lease $12.84/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$199.9K
$174.9K – $233.2K
NOI $13,991 @ 7.0% cap · market cap 8.09%
Second Best
Apartment 5plus
$177.0K
$154.9K – $206.5K
NOI $12,388 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$490.3K
$429.0K – $572.0K
NOI $34,321 @ 7.0% cap · market cap 19.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Three income-producing properties are offered together with long-term tenants in place.
Where is this duplex located?
The property is located at 540 BERCLAIR Rd Memphis, TN.
What is the asking price?
The asking price for this property is $173,000.
What are key features of this property?
This property features: Package deal: three income‑producing properties sold as a package only (1004–1006 Highland Ave, 1096–1098 Gordon Ave, and 540–542 Berclair Rd).; $520,000 total package price for all three properties.; Combined monthly income of $5,700 with long‑term tenants already in place.
