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Two-Unit Duplex
For Sale
$319,000
Pending

3646 WALNUT GROVE RD, Memphis, TN 38111

Vacant residential income property with distinct three-bedroom and two-bedroom floor plans.

Property SizeContact for details
Days on Market652

Property Features for 3646 WALNUT GROVE RD

General Information

Standard status Pending
Property subtype Multi Family

Units

Unit Mix 1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $4,316

Building Details

Year Built 1954
Listing Agency: Crye-Leike Commercial
Listed By: Jeffrey B Moore · License #250330
Source: Exitrealty
Added: Jan 1, 2025 Changed: Oct 4 Last Checked: Oct 12 at 5:56PM

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 Crye-Leike Commercial

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Investment Insights

Based on property information with market context.

This duplex contains two separate residential units: one configured with three bedrooms and one bathroom, and the other with two bedrooms and one bathroom. The property is currently vacant and was previously occupied by the owner, allowing the next owner to evaluate both units for future occupancy.

Built in 1954, the property is located at 3646 Walnut Grove Road in Memphis. Galloway Golf Course sits directly across from the property, providing a defined surrounding landmark.

Key Highlights

  • Two residential units with three‑bedroom and two‑bedroom layouts
  • Each unit includes one bathroom
  • Currently vacant; previously owner occupied

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Building Supply HVAC Service Kitchen & Bath Showroom Electrical Service Auto Parts Store Daycare 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.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

549
Businesses Nearby

Demographics for 38111, TN

40,533
Population
20,084
Households
2
Avg Household Size
34
Median Age
38%
College-Educated
89%
High-School Grad
9.8 sq mi
ZIP Area
4,136
Density / Sq Mi
$52,806
Median Household Income
$33,449
Median Earnings
$1,077
Median Rent
$165,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Vacant residential income property with distinct three-bedroom and two-bedroom floor plans.
Where is this duplex located?
The property is located at 3646 WALNUT GROVE RD Memphis, TN.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Two residential units with three‑bedroom and two‑bedroom layouts; Each unit includes one bathroom; Currently vacant; previously owner occupied
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