Two-Bedroom
For Sale
$300,000
5659 HINTON Pl, Memphis, TN 38119
MULTI_FAMILY - Memphis, TN
Property Size2,496 SF
Price / SF$120.19
Days on Market50
Property Features for 5659 HINTON Pl
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bathroom 3, Bathroom 4, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 1
Subdivision
YORKSHIRE VIEW
Standard status
Active
Size
2,496 SF
Taxes and HOA fees
Tax Annual Amount
3247
Amenities
fenced backyard
Building Details
Year built
1970
Architectural style
Other
Listing Agency:
Heritage Homes Co.
(901) 755-2000
Listed By:
Chad Woelke
(901) 848-0009
Added: Jun 12
Changed: Jul 31
Last Checked: Jul 31 at 9:06PM
MLS# 10223875
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 well-maintained duplex features two 2-bedroom, 1.5-bath units in a shared residential setting. One unit is vacant and rent-ready, with an updated kitchen, fresh interior paint, and new carpet in the bedrooms. The second unit is occupied by a month-to-month tenant, providing current rental income with flexibility for the right owner.
Built in 1970, the property includes a shared fenced backyard that gives tenants outdoor space. The location is described as convenient to shopping, dining, and major commuter routes.
Designed for straightforward duplex living, this setup can support an owner-occupant plan with one unit and rental income from the other, or an investor strategy focused on lease-up and occupancy management.
Built in 1970, the property includes a shared fenced backyard that gives tenants outdoor space. The location is described as convenient to shopping, dining, and major commuter routes.
Designed for straightforward duplex living, this setup can support an owner-occupant plan with one unit and rental income from the other, or an investor strategy focused on lease-up and occupancy management.
Key Highlights
- Duplex with two 2‑bedroom, 1.5‑bath units
- One unit vacant and rent‑ready with updated kitchen, fresh paint, and new bedroom carpet
- Second unit occupied by a month‑to‑month tenant
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 | $32.0k | $12.84 |
| − Vacancy | −$2.0k | −$0.79 |
| EGI | $30.1k | $12.05 |
| − OpEx | −$9.0k | −$3.61 |
| NOI | $21.0k | $8.43 |
2,496 SF · lease $12.84/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$300.7K
$263.1K – $350.8K
NOI $21,050 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$266.2K
$233.0K – $310.6K
NOI $18,637 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$737.7K
$645.5K – $860.6K
NOI $51,637 @ 7.0% cap · market cap 17.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
Explore this area
Business Placement
Demographics for 38119, TN
23,997
Population
10,521
Households
2.3
Avg Household Size
39
Median Age
53%
College-Educated
96%
High-School Grad
8.8 sq mi
ZIP Area
2,727
Density / Sq Mi
$86,325
Median Household Income
$53,068
Median Earnings
$1,336
Median Rent
$279,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with a vacant, rent-ready unit and a month-to-month occupied unit sharing a fenced backyard.
Where is this duplex located?
The property is located at 5659 HINTON Pl Memphis, TN.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Duplex with two 2‑bedroom, 1.5‑bath units; One unit vacant and rent‑ready with updated kitchen, fresh paint, and new bedroom carpet; Second unit occupied by a month‑to‑month tenant
