Renovated Brick
1344 HYDE PARK Blvd, Memphis, TN 38108
For Sale
New
$150,000
Duplexes, Traditional, Memphis, TN
Property Size1,421 SF
Price / SF$105.56
Days on Market1
Property Features for 1344 HYDE PARK Blvd
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
Standard status
Size
Taxes and HOA fees
Tax Annual Amount
Amenities
covered front porch
front security door
window security bars
partially fenced yard
Building Details
Year built
Architectural style
Buildings
Listing Agency:
Integrated Assets
(901) 820-4585
Listed By:
Glenn McDonald · License TN #267657
(901) 289-1374
Added: Nov 9
Last Checked: Nov 9 at 9:06PM
MLS# 10234073
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.
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Investment Insights
Based on property information with market context.
This 1,421-square-foot brick duplex, built in 1958, is vacant and renovated. Both units have two bedrooms. Recent property features include a new roof and mini-split heating and air conditioning. A covered front porch, front security door, window bars, and a partially fenced yard round out the exterior.
The property offers access to Downtown, employment centers, and major roads. It is located in Memphis, Tennessee.
The property offers access to Downtown, employment centers, and major roads. It is located in Memphis, Tennessee.
Key Highlights
- Two‑bedroom layout on each side
- 1,421 square feet; built in 1958
- Brick construction with a new roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,984
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$239,680
$239.7K
Cap Rate 7%
$171,200
$171.2K
Cap Rate 9%
$133,156
$133.2K
Market Conditions
NOI Build-Up for 1,421 SF
Gross rent
$18.2K $12.84/SF
− Vacancy
−$1.1K −$0.79/SF
EGI
$17.1K $12.05/SF
− OpEx
−$5.1K −$3.61/SF
NOI
$12.0K $8.43/SF
Area
Memphis, TN
Vacancy
6.17%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$239,680
Cap Rate 7%
$171,200
Cap Rate 9%
$133,156
Alternative Uses
Best Use
Multifamily LT 5
$171.2K
$149.8K – $199.7K
NOI $11,984 @ 7.0% cap · market cap 7.99%
Second Best
Apartment 5plus
$151.6K
$132.6K – $176.8K
NOI $10,610 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$420.0K
$367.5K – $490.0K
NOI $29,398 @ 7.0% cap · market cap 19.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
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Business Placement
Demographics for 38108, TN
17,051
Population
7,881
Households
2.2
Avg Household Size
34
Median Age
11%
College-Educated
73%
High-School Grad
7.6 sq mi
ZIP Area
2,244
Density / Sq Mi
$35,435
Median Household Income
$32,126
Median Earnings
$921
Median Rent
$62,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Memphis, TN
Properties on Market for Duplexes in Memphis
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each side has two bedrooms, with separate mini-split heating and air conditioning.
Where is this duplex located?
The property is located at 1344 HYDE PARK Blvd Memphis, TN.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Two‑bedroom layout on each side; 1,421 square feet; built in 1958; Brick construction with a new roof
