Brick Duplex Investment
1033 KNEY St Memphis, TN 38107
1033 KNEY St, Memphis, TN, 38107
$210,000
For Sale
$210,000
MULTI_FAMILY - Memphis, TN
Property Size1,828 SF
Price / SF$114.88
Days on Market104
Property Features for 1033 KNEY St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 4
- Standard status
- Active
- Size
- 1,828 SF
Taxes and HOA fees
- Tax Annual Amount
- 1541
Building Details
- Year built
- 1941
Listing Agency
Crye-Leike, Inc., REALTORS
(901) 756-8900
6525 N Quail Hollow Rd, Memphis, TN
Listed by
Stephanie Arender
(901) 574-2330
Added: Apr 8 Checked: Jul 20 at 9:06 am
MLS# 10218685
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 well-maintained brick duplex includes two residential units, each with 2 bedrooms and 1 bathroom. Both units feature hardwood floors, along with a kitchen pantry and a mud room. Updates are noted throughout the property, and new HVAC units have been installed. Each unit also offers a fenced-in backyard, providing outdoor space within the secured perimeter.
The property is located at 1033 KNEY St in Memphis, TN 38107, in Shelby County. The listing is presented as currently tenant-occupied, and a local property management company is managing the asset.
For investors or buyers seeking a straightforward duplex structure, this configuration provides two separate, tenant-ready 2BR/1BA units within the same building. The presence of updated mechanicals and durable finishes like hardwood flooring can help support day-to-day property operations. Lease details and a ledger are available upon request, and prospective parties are instructed not to approach or disturb tenants.
The property is located at 1033 KNEY St in Memphis, TN 38107, in Shelby County. The listing is presented as currently tenant-occupied, and a local property management company is managing the asset.
For investors or buyers seeking a straightforward duplex structure, this configuration provides two separate, tenant-ready 2BR/1BA units within the same building. The presence of updated mechanicals and durable finishes like hardwood flooring can help support day-to-day property operations. Lease details and a ledger are available upon request, and prospective parties are instructed not to approach or disturb tenants.
Key Highlights
- 1941‑built, well‑maintained brick duplex with 2 units (each unit: 2 BR/1 BA)
- Each unit includes hardwood floors, kitchen pantry, and a mud room
- New HVAC units
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 | $23.5k | $12.84 |
| − Vacancy | −$1.4k | −$0.79 |
| EGI | $22.0k | $12.05 |
| − OpEx | −$6.6k | −$3.61 |
| NOI | $15.4k | $8.43 |
1,828 SF · lease $12.84/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$220.2K
$192.7K – $256.9K
NOI $15,416 @ 7.0% cap · market cap 7.34%
Second Best
Apartment 5plus
$195.0K
$170.6K – $227.5K
NOI $13,650 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$540.3K
$472.7K – $630.3K
NOI $37,818 @ 7.0% cap · market cap 18.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with two 2-bedroom units, updated HVAC, and fenced backyards for tenant-ready living.
Where is this duplex located?
The property is located at 1033 KNEY St Memphis, TN.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 1941‑built, well‑maintained brick duplex with 2 units (each unit: 2 BR/1 BA); Each unit includes hardwood floors, kitchen pantry, and a mud room; New HVAC units
