1319 PEACH Ave Memphis, TN 38104
MULTI_FAMILY - Memphis, TN
Property Features for 1319 PEACH Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
- Standard status
- Active
- Size
- 2,808 SF
Taxes and HOA fees
- Tax Annual Amount
- 2172
Building Details
- Year built
- 1946
- Architectural style
- Other
Listing agent Chastity Hardin (901) 281-6367
Listing office Moss Real Estate 4597 William Arnold Road, Memphis, TN (901) 480-7195
Listing date Apr 21, 2026
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.
Key Highlights
- 3 tenant‑occupied duplex properties sold as a package: 1319, 1321, 1323, 1325, 1327, and 1329 Peach Ave
- All units are 1‑bedroom, 1‑bath with long‑term tenants on leases through 12/31/26
- Package deal price stated as $412K for all 3 duplex properties
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 | $36.1k | $12.84 |
| − Vacancy | −$2.2k | −$0.79 |
| EGI | $33.8k | $12.05 |
| − OpEx | −$10.1k | −$3.61 |
| NOI | $23.7k | $8.43 |
