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Two-Unit Duplex Investment Property
For Sale
$149,900

1657 Southern Ave, Memphis, TN 38114

Residential income property with one occupied unit and one vacant unit near the University of Memphis.

Property SizeContact for details
Days on Market28

Property Features for 1657 Southern Ave

General Information

Standard status Active
Property subtype Multi-Family

Building Details

Year Built 1957
Listing Agency: CrestCore Realty MphsBrokerage
Listed By: Dean Harris
Source: Bryanrealty
Added: Aug 19 Changed: Sep 8 Last Checked: Sep 14 at 4:47PM

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 CrestCore Realty MphsBrokerage

Investment Insights

Based on property information with market context.

This duplex at 1657 Southern Ave includes two residential units within 1078 square feet. Unit 1657 is occupied under a lease ending 3/31/28, while Unit 1659 is currently vacant, creating a two-unit configuration with different occupancy positions.

The property is situated near the University of Memphis in Memphis, Tennessee, with access to surrounding employment and commercial areas. Both unit numbers, 1657 and 1659, are identified in the property information.

Key Highlights

  • Two‑unit duplex at 1657 Southern Ave, Memphis, TN
  • 1078 square feet of residential property
  • Unit 1657 is occupied with a lease ending 3/31/28

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency HVAC Service Parking Lot & Garage Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

263
Businesses Nearby

Demographics for 38114, TN

23,559
Population
12,252
Households
1.9
Avg Household Size
38
Median Age
14%
College-Educated
82%
High-School Grad
7.6 sq mi
ZIP Area
3,100
Density / Sq Mi
$32,080
Median Household Income
$28,570
Median Earnings
$897
Median Rent
$79,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Residential income property with one occupied unit and one vacant unit near the University of Memphis.
Where is this duplex located?
The property is located at 1657 Southern Ave Memphis, TN.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Two‑unit duplex at 1657 Southern Ave, Memphis, TN; 1078 square feet of residential property; Unit 1657 is occupied with a lease ending 3/31/28
More about this property
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