Two-Unit Painted-Brick
For Sale
$160,000
1055 TREADWELL St, Memphis, TN 38122
Duplexes, Traditional, Memphis, TN
Property Size1,738 SF
Price / SF$92.06
Days on Market163
Property Features for 1055 TREADWELL St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1
Subdivision
RICHARD LOUIS
Standard status
Active
Size
1,738 SF
Taxes and HOA fees
Tax Annual Amount
648
Amenities
central air and heat
Building Details
Year built
1967
Architectural style
Other
Listing Agency:
Crye-Leike, Inc., REALTORS
(901) 756-8900
Listed By:
Jimmie Tapley
(901) 336-7898
Added: May 10
Changed: Oct 18
Last Checked: Oct 19 at 12:06PM
MLS# 10221230
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.
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Investment Insights
Based on property information with market context.
This 1,738-square-foot duplex contains two matching residences, each arranged with two bedrooms and one bathroom. The painted-brick exterior is complemented by central air and heat, and the property was built in 1967. Both units are currently occupied and the asset is professionally managed.
Located at 1055 TREADWELL St in Memphis, Tennessee, the property offers a straightforward two-unit configuration with established occupancy. The layout also provides flexibility for an owner seeking separate residences within one building, subject to applicable financing, management, and occupancy considerations.
Located at 1055 TREADWELL St in Memphis, Tennessee, the property offers a straightforward two-unit configuration with established occupancy. The layout also provides flexibility for an owner seeking separate residences within one building, subject to applicable financing, management, and occupancy considerations.
Key Highlights
- Two‑unit duplex with 1,738 square feet
- Two bedrooms and one bathroom on each side
- Painted‑brick exterior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,657
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,140
$293.1K
Cap Rate 7%
$209,386
$209.4K
Cap Rate 9%
$162,856
$162.9K
Market Conditions
NOI Build-Up for 1,738 SF
Gross rent
$22.3K $12.84/SF
− Vacancy
−$1.4K −$0.79/SF
EGI
$20.9K $12.05/SF
− OpEx
−$6.3K −$3.61/SF
NOI
$14.7K $8.43/SF
Area
Memphis, TN
Vacancy
6.17%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,140
Cap Rate 7%
$209,386
Cap Rate 9%
$162,856
Alternative Uses
Best Use
Multifamily LT 5
$209.4K
$183.2K – $244.3K
NOI $14,657 @ 7.0% cap · market cap 9.16%
Second Best
Apartment 5plus
$185.4K
$162.2K – $216.3K
NOI $12,977 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office A
$513.7K
$449.5K – $599.3K
NOI $35,956 @ 7.0% cap · market cap 22.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
Explore this area
Business Placement
Demographics for 38122, TN
26,432
Population
10,201
Households
2.6
Avg Household Size
33
Median Age
22%
College-Educated
74%
High-School Grad
6.8 sq mi
ZIP Area
3,887
Density / Sq Mi
$45,456
Median Household Income
$32,760
Median Earnings
$1,127
Median Rent
$108,200
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
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms, one bathroom, and central heating and air conditioning.
Where is this duplex located?
The property is located at 1055 TREADWELL St Memphis, TN.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,738 square feet; Two bedrooms and one bathroom on each side; Painted‑brick exterior
