Renovated Duplex With Current
For Sale
$144,000
1386 Kimball Cv, Memphis, TN 38114
Occupied two-unit property with documented lease terms and recent roof and HVAC replacements.
Property Size1,606 SF
Price / SF$89.66
Days on Market49
Property Features for 1386 Kimball Cv
General Information
Standard status
Active
Size
1,606 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
South Memphis Alliance
Additional Details
Gross Income
$17,280
Multifamily Units
2
Building Details
Year Built
1952
Listing Agency:
Crye-Leike, Inc., Realtors
Listed By:
The Eric Crutcher Sales Team
(901) 212-2414
Source:
Doorstep-realty
Added: Sep 13
Changed: Oct 28
Last Checked: Oct 30 at 2:39PM
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, Inc., Realtors
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Investment Insights
Based on property information with market context.
This 1,606-square-foot duplex at 1386 Kimball Cv in Memphis was built in 1952 and is currently occupied by two tenants. The roof and HVAC systems were replaced in 2019, and the water heater serving Unit 1386 was replaced in 2026. Interior photographs are not available.
Unit 1386 is leased through 6/30/2027, while Unit 1388 is leased through 12/31/2026. Tenant ledgers and a maintenance report are available upon request. Showings are conducted after an accepted offer.
Unit 1386 is leased through 6/30/2027, while Unit 1388 is leased through 12/31/2026. Tenant ledgers and a maintenance report are available upon request. Showings are conducted after an accepted offer.
Key Highlights
- 1,606‑square‑foot duplex at 1386 Kimball Cv, Memphis, TN 38114
- Both units currently occupied under active leases
- Unit 1386 lease expires 6/30/2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,992
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$239,840
$239.8K
Cap Rate 7%
$171,314
$171.3K
Cap Rate 9%
$133,244
$133.2K
Market Conditions
NOI Build-Up for 1,606 SF
Gross rent
$23.3K $14.52/SF
− Vacancy
−$1.5K −$0.94/SF
EGI
$21.8K $13.58/SF
− OpEx
−$9.8K −$6.11/SF
NOI
$12.0K $7.47/SF
Area
Memphis, TN
Vacancy
6.50%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$239,840
Cap Rate 7%
$171,314
Cap Rate 9%
$133,244
Alternative Uses
Best Use
Multifamily LT 5
$193.5K
$169.3K – $225.7K
NOI $13,544 @ 7.0% cap · market cap 9.41%
Second Best
Apartment 5plus
$171.3K
$149.9K – $199.9K
NOI $11,992 @ 7.0% cap · market cap 8.33%
Theoretical Best
Office A
$474.6K
$415.3K – $553.8K
NOI $33,225 @ 7.0% cap · market cap 23.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
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Business Placement
Demographics for 38114, TN
23,559
Population
12,252
Households
1.9
Avg Household Size
38
Median Age
14%
College-Educated
82%
High-School Grad
7.6 sq mi
ZIP Area
3,100
Density / Sq Mi
$32,080
Median Household Income
$28,570
Median Earnings
$897
Median Rent
$79,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Occupied two-unit property with documented lease terms and recent roof and HVAC replacements.
Where is this duplex located?
The property is located at 1386 Kimball Cv Memphis, TN.
What is the asking price?
The asking price for this property is $144,000.
What are key features of this property?
This property features: 1,606‑square‑foot duplex at 1386 Kimball Cv, Memphis, TN 38114; Both units currently occupied under active leases; Unit 1386 lease expires 6/30/2027
