Duplex with Two 4BD/2BA
1218 ETHEL St Memphis, TN 38114
1218 ETHEL St, Memphis, TN, 38114
$115,000
For Sale
$115,000
MULTI_FAMILY - Memphis, TN
Property Size1,392 SF
Price / SF$82.61
Days on Market30
Property Features for 1218 ETHEL St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bathroom 3, Bedroom 8, Bathroom 2, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 7, Bathroom 4, Bedroom 2
- Standard status
- Active
- Size
- 1,392 SF
Taxes and HOA fees
- Tax Annual Amount
- 2634
Building Details
- Year built
- 2013
- Architectural style
- Other
Listing Agency
Assured Real Estate Services
(901) 741-2699
5507 Winchester, Ste 12, Memphis, TN
Listed by
Tina Black
(901) 859-1322
Added: Jun 20 Checked: Jul 19 at 3:06 pm
MLS# 10224475
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 duplex offers two separate residential units, and each unit is configured with four bedrooms and two bathrooms. The property is being sold as-is and notes that repairs are needed.
The address is 1218 Ethel St, Memphis, TN 38114, in Shelby County.
With a total size of 1,392 square feet, this property may be suited for investors or owner-occupants looking for a multi-unit setup that will require renovation work to bring it to operating condition.
The address is 1218 Ethel St, Memphis, TN 38114, in Shelby County.
With a total size of 1,392 square feet, this property may be suited for investors or owner-occupants looking for a multi-unit setup that will require renovation work to bring it to operating condition.
Key Highlights
- Built in 2013
- Property includes 8 bedrooms and 4 bathrooms
- Public remarks indicate each unit has 4 bedrooms and 2 baths
Local Financial Insights For Apartment 5plus
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 | $20.2k | $14.52 |
| − Vacancy | −$1.3k | −$0.94 |
| EGI | $18.9k | $13.58 |
| − OpEx | −$8.5k | −$6.11 |
| NOI | $10.4k | $7.47 |
1,392 SF · lease $14.52/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$167.7K
$146.7K – $195.7K
NOI $11,739 @ 7.0% cap · market cap 10.21%
Second Best
Apartment 5plus
$148.5K
$129.9K – $173.2K
NOI $10,394 @ 7.0% cap · market cap 9.04%
Theoretical Best
Office A
$411.4K
$360.0K – $480.0K
NOI $28,798 @ 7.0% cap · market cap 25.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex featuring two units, each with four bedrooms and two bathrooms, with repairs needed.
Where is this duplex located?
The property is located at 1218 ETHEL St Memphis, TN.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: Built in 2013; Property includes 8 bedrooms and 4 bathrooms; Public remarks indicate each unit has 4 bedrooms and 2 baths
