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Duplex with Recent Roof Work
For Sale
$30,000

1049 S WILLETT Ave, Memphis, TN 38114

Duplexes, Traditional, Memphis, TN

Property Size1,392 SF
Price / SF$21.55
Days on Market67

Property Features for 1049 S WILLETT Ave

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 6
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 6, Bedroom 2, Bedroom 5
Subdivision NEELY RAYNER
Standard status Active
Size 1,392 SF

Taxes and HOA fees

Tax Annual Amount 406

Building Details

Year built 1952
Architectural style Other
Listing Agency: Crye-Leike, Inc., REALTORS
Listed By: Tyler Tapley · License #296080
Added: Aug 3 Changed: Oct 2 Last Checked: Oct 8 at 5:06AM
MLS# 10227498

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 1,392-square-foot duplex was built in 1952. The owner completed exterior work that included installing a roof and repairing rotted wood; interior paint was also refreshed. The interior needs major repairs, so substantial rehabilitation is required.

Key Highlights

  • Duplex with 1,392 square feet
  • Built in 1952
  • Roof installed and rotted exterior wood repaired

Property Analytics

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Current Use

Duplexes

Location Intelligence

Trade Area within ½ mile

399
Businesses Nearby

Demographics for 38114, TN

23,559
Population
12,252
Households
1.9
Avg Household Size
38
Median Age
14%
College-Educated
82%
High-School Grad
7.6 sq mi
ZIP Area
3,100
Density / Sq Mi
$32,080
Median Household Income
$28,570
Median Earnings
$897
Median Rent
$79,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - The interior requires substantial rehabilitation; exterior work includes roof installation and repairs to deteriorated wood.
Where is this duplex located?
The property is located at 1049 S WILLETT Ave Memphis, TN.
What is the asking price?
The asking price for this property is $30,000.
What are key features of this property?
This property features: Duplex with 1,392 square feet; Built in 1952; Roof installed and rotted exterior wood repaired
More about this property
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