Cash-Flowing Duplex in
1035 SPRINGDALE St Memphis, TN 38108
1035 SPRINGDALE St, Memphis, TN, 38108
$159,999
For Sale
$159,999
MULTI_FAMILY - Memphis, TN
Property Size1,707 SF
Price / SF$93.73
Days on Market171
Property Features for 1035 SPRINGDALE St
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
- 1,707 SF
Taxes and HOA fees
- Tax Annual Amount
- 1256
Building Details
- Year built
- 1947
- Architectural style
- Other
Listing Agency
REMAX Experts
(901) 685-6000
1930 Exeter Rd, Germantown, TN
Listed by
Murtaza Ali-Juma
(901) 495-0248
Added: Jan 29 Checked: Jul 19 at 1:06 pm
MLS# 10213751
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 is a tenant-occupied duplex generating $1,600 per month from both units combined, providing immediate income. The property is well-maintained with separate entrances. The property size is 1,707 square feet. Strong rental demand in the area makes this a solid long-term hold or portfolio addition. The property is conveniently located close to amenities and commuter routes. The property is located in Memphis, TN, with a postal code of 38108, in Shelby County.
Key Highlights
- Tenant‑occupied duplex generating $1,600/month from both units combined
- Separate entrances for each unit
- 2‑bathroom duplex built in 1947
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 | $21.9k | $12.84 |
| − Vacancy | −$1.4k | −$0.79 |
| EGI | $20.6k | $12.05 |
| − OpEx | −$6.2k | −$3.61 |
| NOI | $14.4k | $8.43 |
1,707 SF · lease $12.84/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$205.7K
$180.0K – $239.9K
NOI $14,396 @ 7.0% cap · market cap 9.00%
Second Best
Apartment 5plus
$182.1K
$159.3K – $212.4K
NOI $12,746 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$504.5K
$441.4K – $588.6K
NOI $35,314 @ 7.0% cap · market cap 22.07%
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 - Tenant-occupied duplex generating $1,600/month, a solid investment opportunity.
Where is this duplex located?
The property is located at 1035 SPRINGDALE St Memphis, TN.
What is the asking price?
The asking price for this property is $159,999.
What are key features of this property?
This property features: Tenant‑occupied duplex generating $1,600/month from both units combined; Separate entrances for each unit; 2‑bathroom duplex built in 1947
