Remodeled Duplex For
1248 MEDA St Memphis, TN 38114
1248 MEDA St, Memphis, TN, 38114
$144,900
For Sale
$144,900
MULTI_FAMILY - Memphis, TN
Property Size1,509 SF
Price / SF$96.02
Days on Market164
Property Features for 1248 MEDA St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3
- Standard status
- Active
- Size
- 1,509 SF
Taxes and HOA fees
- Tax Annual Amount
- 1591
Building Details
- Year built
- 1949
- Architectural style
- Other
Listing Agency
JASCO Realty
(855) 524-5478
2657 Appling Rd #102, MEMPHIS, TN
Listed by
Justin Yarbrough
(901) 258-6765
Added: Feb 6 Checked: Jul 20 at 9:06 am
MLS# 10214152
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 well-maintained duplex includes two attached properties. Both units at 1248 and 1250 Meda are vacant and have been remodeled within the last two years, offering updated interiors and a turnkey setup for a new owner.
The property is located at 1248 Meda St in Memphis, TN 38114 (Shelby County). Showings are described as easy to arrange, with broker assistance for scheduling.
The listing includes two separate attached addresses, providing a clear duplex configuration and straightforward access for viewings.
The property is located at 1248 Meda St in Memphis, TN 38114 (Shelby County). Showings are described as easy to arrange, with broker assistance for scheduling.
The listing includes two separate attached addresses, providing a clear duplex configuration and straightforward access for viewings.
Key Highlights
- Duplex built in 1949
- 1248 Meda and 1250 Meda were remodeled within the last two years
- Both attached units are vacant and ready to show
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 | $19.4k | $12.84 |
| − Vacancy | −$1.2k | −$0.79 |
| EGI | $18.2k | $12.05 |
| − OpEx | −$5.5k | −$3.61 |
| NOI | $12.7k | $8.43 |
1,509 SF · lease $12.84/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$181.8K
$159.1K – $212.1K
NOI $12,726 @ 7.0% cap · market cap 8.78%
Second Best
Apartment 5plus
$161.0K
$140.9K – $187.8K
NOI $11,268 @ 7.0% cap · market cap 7.78%
Theoretical Best
Office A
$446.0K
$390.2K – $520.3K
NOI $31,218 @ 7.0% cap · market cap 21.54%
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 - Well-maintained duplex with two attached vacant units, both remodeled within the last two years.
Where is this duplex located?
The property is located at 1248 MEDA St Memphis, TN.
What is the asking price?
The asking price for this property is $144,900.
What are key features of this property?
This property features: Duplex built in 1949; 1248 Meda and 1250 Meda were remodeled within the last two years; Both attached units are vacant and ready to show
