Memphis Duplex Investment
1319 PEACH Ave, Memphis, TN 38104
- Added:
- Apr 21, 2026
- Days on Market:
- 40
- Last Refresh:
- May 30 at 11:06 pm
Property Features for 1319 PEACH Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2
- 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
MLS# 10219788
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.
HighLights
- Package deal: 3 tenant‑occupied duplexes (6 units total) for $412K.
- Long‑term leases in place through 12/31/26, providing immediate income.
- Prime investment opportunity in the heart of Memphis.
- Very well‑maintained properties near Crosstown Concourse.
- High‑demand location close to shopping, dining, transportation, and downtown amenities.
- Each unit has a fenced backyard.
Overview
This is a prime investment opportunity in the heart of Memphis, featuring three tenant-occupied duplex units offered as a package deal. There are six one-bedroom, one-bath units. Long-term tenants are currently on leases through December 31, 2026. The properties are exceptionally well-maintained and located near Crosstown Concourse. These income-producing properties also include fenced backyards. Situated in a high-demand location, the duplexes are close to shopping, dining, transportation, and downtown amenities, offering strong rental appeal and long-term growth potential. The total property size is 2808 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 | $36.1k | $12.84 |
| − Vacancy | −$2.2k | −$0.79 |
| EGI | $33.8k | $12.05 |
| − OpEx | −$10.1k | −$3.61 |
| NOI | $23.7k | $8.43 |
2,808 SF · lease $12.84/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$338.3K
$296.0K – $394.7K
NOI $23,681 @ 7.0% cap · market cap 8.64%
Second Best
Apartment 5plus
$299.5K
$262.1K – $349.5K
NOI $20,967 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$829.9K
$726.2K – $968.2K
NOI $58,092 @ 7.0% cap · market cap 21.20%
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
- -90.016073
- Latitude
- 35.147874
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Tenant-occupied duplexes near Crosstown Concourse, a prime investment location.
Where is this duplex located?
The property is located at 1319 PEACH Ave Memphis, TN.
What is the asking price?
The asking price for this property is $274,000.
What are key features of this property?
This property features: Package deal: 3 tenant‑occupied duplexes (6 units total) for $412K.; Long‑term leases in place through 12/31/26, providing immediate income.; Prime investment opportunity in the heart of Memphis.
