Duplex with Rental
For Sale
$240,000
5668 HINTON PLACE Dr, Memphis, TN 38119
Duplexes, Memphis, TN
Property Size2,954 SF
Price / SF$81.25
Days on Market101
Property Features for 5668 HINTON PLACE Dr
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
6
Full bathrooms
3
Half bathrooms
3
Rooms
Bedroom 4, Bathroom 1, Bathroom 4, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 6, Bedroom 1, Bathroom 5, Bathroom 3, Bathroom 6, Bedroom 3
Subdivision
YORKSHIRE VIEW
Standard status
Active
Size
2,954 SF
Taxes and HOA fees
Tax Annual Amount
3149
Building Details
Year built
1971
Listing Agency:
eXp Realty, LLC
(888) 519-5113
Listed By:
Kevin Brown · License #364387
(901) 305-1713
Added: Jun 30
Changed: Oct 7
Last Checked: Oct 8 at 7:06AM
MLS# 10225089
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 duplex contains 2,954 square feet and was built in 1971. Each residence is described as having two bedrooms and one and a half bathrooms. Recent work includes fresh paint, new carpet, replacement flooring, and new toilets. The property is offered in its existing condition.
Located on Hinton Place Drive in Memphis’s Sea Isle/Park area, the building includes one side with an established long-term tenant, while access to that unit is limited until a contract is accepted. The property may be purchased individually or as part of a two-property Memphis portfolio.
Located on Hinton Place Drive in Memphis’s Sea Isle/Park area, the building includes one side with an established long-term tenant, while access to that unit is limited until a contract is accepted. The property may be purchased individually or as part of a two-property Memphis portfolio.
Key Highlights
- 2,954‑square‑foot duplex built in 1971
- Each side has 2 bedrooms and 1.5 bathrooms
- Fresh paint, new carpet, new toilets, and new flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,057
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,140
$441.1K
Cap Rate 7%
$315,100
$315.1K
Cap Rate 9%
$245,078
$245.1K
Market Conditions
NOI Build-Up for 2,954 SF
Gross rent
$42.9K $14.52/SF
− Vacancy
−$2.8K −$0.94/SF
EGI
$40.1K $13.58/SF
− OpEx
−$18.0K −$6.11/SF
NOI
$22.1K $7.47/SF
Area
Memphis, TN
Vacancy
6.50%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,140
Cap Rate 7%
$315,100
Cap Rate 9%
$245,078
Alternative Uses
Best Use
Multifamily LT 5
$355.9K
$311.4K – $415.2K
NOI $24,912 @ 7.0% cap · market cap 10.38%
Second Best
Apartment 5plus
$315.1K
$275.7K – $367.6K
NOI $22,057 @ 7.0% cap · market cap 9.19%
Theoretical Best
Office A
$873.0K
$763.9K – $1.02M
NOI $61,112 @ 7.0% cap · market cap 25.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
227
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
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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 - Two separately configured residences with recent interior updates and one side occupied by a long-term tenant.
Where is this duplex located?
The property is located at 5668 HINTON PLACE Dr Memphis, TN.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 2,954‑square‑foot duplex built in 1971; Each side has 2 bedrooms and 1.5 bathrooms; Fresh paint, new carpet, new toilets, and new flooring
