Historic Duplex with
1333 HARBERT Ave Memphis, TN 38104
New
For Sale
$320,000
MULTI_FAMILY - Memphis, TN
Property Size3,199 SF
Price / SF$100.03
Days on Market4
Property Features for 1333 HARBERT Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 4
- Standard status
- Active
- Size
- 3,199 SF
Taxes and HOA fees
- Tax Annual Amount
- 3907
Building Details
- Year built
- 1927
Listing Agency:
Harbur Realty
(901) 878-3308
Listed By:
Sherry Harbur
(901) 496-8193
Added: Jul 22
Changed: Jul 25
Last Checked: Jul 25 at 6:06PM
MLS# 10226746
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 historic duplex includes two separate units, each with three bedrooms, a renovated bath, and an updated kitchen. Interiors feature a large living room with built-in shelving and a separate dining room. An appliance package is included, with washer and dryer. Each unit also has a private balcony or patio, and the property has newer central heat and air.
The duplex is located at 1333 Harbert Ave in Memphis, Tennessee (38104). Public remarks indicate one lease expires in September.
Condition highlights mentioned in the remarks include a recently conditioned roof, supporting an owner-occupant or investor seeking a residential income property with established unit separation and in-unit amenities.
The duplex is located at 1333 Harbert Ave in Memphis, Tennessee (38104). Public remarks indicate one lease expires in September.
Condition highlights mentioned in the remarks include a recently conditioned roof, supporting an owner-occupant or investor seeking a residential income property with established unit separation and in-unit amenities.
Key Highlights
- Historic duplex built in 1927 with 6 total bedrooms and 2 bathrooms
- Each unit offers 3 bedrooms, a renovated bath, and an updated kitchen
- Spacious living room with built‑in shelving plus a separate dining room in each unit
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 | $41.1k | $12.84 |
| − Vacancy | −$2.5k | −$0.79 |
| EGI | $38.5k | $12.05 |
| − OpEx | −$11.6k | −$3.61 |
| NOI | $27.0k | $8.43 |
3,199 SF · lease $12.84/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$385.4K
$337.2K – $449.7K
NOI $26,979 @ 7.0% cap · market cap 8.43%
Second Best
Apartment 5plus
$341.2K
$298.6K – $398.1K
NOI $23,887 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$945.4K
$827.3K – $1.10M
NOI $66,181 @ 7.0% cap · market cap 20.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Safe Guard Insurance ...
Insurance Agency
FAQs
What type of property is this?
Duplex - Duplex for sale with two units, each offering three bedrooms, updated kitchens, and renovated baths.
Where is this duplex located?
The property is located at 1333 HARBERT Ave Memphis, TN.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Historic duplex built in 1927 with 6 total bedrooms and 2 bathrooms; Each unit offers 3 bedrooms, a renovated bath, and an updated kitchen; Spacious living room with built‑in shelving plus a separate dining room in each unit
