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Side-by-Side Duplex
New
For Sale
$224,900

1022 University St, Memphis, TN 38107

Two residential units feature separate driveways, central HVAC, and three-bedroom layouts across two levels.

Property Size2,880 SF
Price / SF$78.09
Days on Market4

Property Features for 1022 University St

General Information

Standard status Active
Size 2,880 SF
Property subtype Multi-Family

Additional Details

Multifamily Units 2

Building Details

Year Built 1972
Listing Agency: The Spruill Agency, LLC
Listed By: Stacia Rosatti
Source: Staciarosatti
Added: Aug 30 Changed: Sep 2 Last Checked: Sep 1 at 6:24PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Spruill Agency, LLC

Investment Insights

Based on property information with market context.

Built in 1972, this 2,880-square-foot side-by-side duplex contains two residential units with separate driveways. Each unit includes a living room, dining area, one bedroom on the main level, and two additional bedrooms upstairs. Central heat and air serve both sides. One unit is currently leased, providing an existing rental component while the second unit remains available for occupancy or leasing.

The property is located in Memphis’s University and Midtown areas, with access to the University of Memphis, Rhodes College, Crosstown Concourse, Midtown, and Downtown. Nearby amenities and employment-related destinations include restaurants, shopping, entertainment, medical services, retail, and arts uses.

Key Highlights

  • 2,880‑square‑foot duplex built in 1972
  • Two side‑by‑side residential units with separate driveways
  • Each unit includes 1 bedroom downstairs and 2 bedrooms upstairs

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Spa & Massage Center Hair Salon HVAC Service Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

240
Businesses Nearby

Demographics for 38107, TN

15,655
Population
8,093
Households
1.9
Avg Household Size
37
Median Age
24%
College-Educated
87%
High-School Grad
5.4 sq mi
ZIP Area
2,899
Density / Sq Mi
$36,393
Median Household Income
$34,958
Median Earnings
$999
Median Rent
$128,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two residential units feature separate driveways, central HVAC, and three-bedroom layouts across two levels.
Where is this duplex located?
The property is located at 1022 University St Memphis, TN.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: 2,880‑square‑foot duplex built in 1972; Two side‑by‑side residential units with separate driveways; Each unit includes 1 bedroom downstairs and 2 bedrooms upstairs
More about this property
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