Historic Duplex in Speedway
1220 Snowden Ave, Memphis, TN 38107
Classic 1912 Craftsman duplex, income potential in the heart of Memphis.
Type:Multifamily
Property size:
1,572 SFPrice / SF:
$139/SF- Added:
- Mar 7, 2026
- Days on Market:
- 121
- Last Refresh:
- Mar 16 at 3:15 pm
Property Features for 1220 Snowden Ave
General Information
- Standard status
- Active
- Size
- 1,572 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1912
Listing office eXp Realty, LLC
Listing date Mar 7, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty, LLC
HighLights
- Income‑producing duplex: Currently operating as a short‑term rental with immediate revenue.
- Fully furnished units: Both units are move‑in ready and equipped for rental operations.
- Historic charm: Located in the Speedway Terrace Historic District, featuring classic 1912 Craftsman bungalow architecture.
- Prime location: Situated near local amenities, restaurants, and major employment centers.
- Flexible investment: Opportunity to continue short‑term rentals or convert to long‑term rentals.
- Rare opportunity: Owning a fully furnished duplex in Speedway Terrace is uncommon.
Overview
Located in the Speedway Terrace Historic District, this 1912 Craftsman bungalow duplex with Victorian Folk influence offers historic character and income potential. The property, operating as a short-term rental, features two fully furnished units, each with one bed and one bath, providing immediate revenue opportunity. Showcasing the timeless appeal of Memphis’ historic bungalow design, the home offers flexible investment possibilities. Positioned near local amenities, restaurants, and major employment centers, this property is suited for investors looking to capitalize on Memphis’ rental demand. Opportunities to own a fully furnished duplex in Speedway Terrace are rare. The property size is 1572 square feet.
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 | $20.2k | $12.84 |
| − Vacancy | −$1.2k | −$0.79 |
| EGI | $18.9k | $12.05 |
| − OpEx | −$5.7k | −$3.61 |
| NOI | $13.3k | $8.43 |
1,572 SF · lease $12.84/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$189.4K
$165.7K – $221.0K
NOI $13,257 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$167.7K
$146.7K – $195.6K
NOI $11,738 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$464.6K
$406.5K – $542.0K
NOI $32,522 @ 7.0% cap · market cap 14.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.0177585
- Latitude
- 35.1579586
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Classic 1912 Craftsman duplex, income potential in the heart of Memphis.
Where is this duplex located?
The property is located at 1220 Snowden Ave Memphis, TN.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Income‑producing duplex: Currently operating as a short‑term rental with immediate revenue.; Fully furnished units: Both units are move‑in ready and equipped for rental operations.; Historic charm: Located in the Speedway Terrace Historic District, featuring classic 1912 Craftsman bungalow architecture.
