Renovated Duplex
1352 S COOPER St Memphis, TN 38114
For Sale
$205,000
MULTI_FAMILY - Memphis, TN
Property Size1,656 SF
Price / SF$123.79
Days on Market47
Property Features for 1352 S COOPER St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 4
- Standard status
- Active
- Size
- 1,656 SF
Taxes and HOA fees
- Tax Annual Amount
- 2340
Building Details
- Year built
- 1949
- Architectural style
- Other
Listing Agency:
KAIZEN Realty, LLC
(901) 221-4041
Listed By:
Jeremy Veldman
(662) 418-7511
Added: Jun 9
Changed: Jul 19
Last Checked: Jul 25 at 6:06PM
MLS# 10223549
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 duplex at 1352 S Cooper St contains two separate units, each currently rented. Unit 1352 is leased through 12/31/2026, with the tenant move-in date listed as 12/20/2022. Unit 1354 is leased through 3/31/2027, with a move-in date of 3/4/2025. The property was totally renovated in 2022, including a brand new roof, HVAC, water heater, exterior paint, and kitchen and bathroom updates, along with additional cosmetic improvements. Maintenance report and tenant ledgers are available upon request. The property is professionally managed, and please do not disturb tenants.
The duplex is located in Memphis, Tennessee 38114 in Shelby County. The seller notes the units are rented and that both tenants are current and pay on time.
For buyers or operators seeking a maintained two-unit residential income property with defined lease schedules, this structure offers clarity on occupancy and timing. With major renovations completed in 2022 and ongoing professional management in place, the duplex may support investors looking for a straightforward, turnkey management approach. No wholesale, creative, or seller financing offers are being considered, per the seller’s remarks.
The duplex is located in Memphis, Tennessee 38114 in Shelby County. The seller notes the units are rented and that both tenants are current and pay on time.
For buyers or operators seeking a maintained two-unit residential income property with defined lease schedules, this structure offers clarity on occupancy and timing. With major renovations completed in 2022 and ongoing professional management in place, the duplex may support investors looking for a straightforward, turnkey management approach. No wholesale, creative, or seller financing offers are being considered, per the seller’s remarks.
Key Highlights
- Totally renovated duplex in 2022 with brand new roof, HVAC, and water heater, plus kitchen and bathroom updates
- Rented for $1,700 total ($850 per side) with both tenants current
- Unit 1352 leased through 12/31/2026; tenant moved in 12/20/2022
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 | $21.3k | $12.84 |
| − Vacancy | −$1.3k | −$0.79 |
| EGI | $20.0k | $12.05 |
| − OpEx | −$6.0k | −$3.61 |
| NOI | $14.0k | $8.43 |
1,656 SF · lease $12.84/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$199.5K
$174.6K – $232.8K
NOI $13,966 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$176.6K
$154.6K – $206.1K
NOI $12,365 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$489.4K
$428.2K – $571.0K
NOI $34,259 @ 7.0% cap · market cap 16.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Renovated duplex with two current tenants and documented lease terms through 2027.
Where is this duplex located?
The property is located at 1352 S COOPER St Memphis, TN.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Totally renovated duplex in 2022 with brand new roof, HVAC, and water heater, plus kitchen and bathroom updates; Rented for $1,700 total ($850 per side) with both tenants current; Unit 1352 leased through 12/31/2026; tenant moved in 12/20/2022
