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Two-Unit Duplex with Shared Yard
For Sale
$160,000
Pending

2695 MILTON AVE, Memphis, TN 38111

Distinct floor plans include a larger family-sized residence and a compact one-bedroom unit.

Property SizeContact for details
Days on Market891

Property Features for 2695 MILTON AVE

General Information

Standard status Pending
Property subtype Multi Family

Taxes and HOA fees

Annual Taxes $1,157

Building Details

Year Built 1920
Listing Agency: Paradigm21 Realty
Listed By: Crystal Mitchell · License #346815
Source: Exitrealty
Added: Mar 28, 2024 Changed: Sep 2 Last Checked: Sep 2 at 8:51PM

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 Paradigm21 Realty

Investment Insights

Based on property information with market context.

This duplex contains two separate residences with different configurations. One side provides 3 bedrooms and 2 bathrooms, while the other offers 1 bedroom and 1 bathroom. The units share a backyard, creating a common outdoor area for occupants.

Built in 1920, the property presents two distinct physical conditions: one residence is described as being in great condition, while the other requires complete rehabilitation. The contrasting conditions may be relevant to an owner evaluating immediate occupancy alongside a substantial renovation project. Located in Memphis, Tennessee, the property is identified as a duplex with layouts that can support either dual-household living or residential income use.

Key Highlights

  • Two‑unit duplex with separate residential layouts
  • One side includes 3 bedrooms and 2 bathrooms
  • Second side includes 1 bedroom and 1 bathroom

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Bakery Grocery & Convenience Store Computer & Electronic Repair Kitchen & Bath Showroom

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

378
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

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Duplex - Distinct floor plans include a larger family-sized residence and a compact one-bedroom unit.
Where is this duplex located?
The property is located at 2695 MILTON AVE Memphis, TN.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Two‑unit duplex with separate residential layouts; One side includes 3 bedrooms and 2 bathrooms; Second side includes 1 bedroom and 1 bathroom
More about this property
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