Two-Unit
1410 Kerr Ave, Memphis, TN 38106
For Sale
$119,000
Both residences have central heating and air conditioning, with matching floor plans and a recently installed roof.
Property Size1,300 SF
Price / SF$91.54
Days on Market53
Property Features for 1410 Kerr Ave
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
central heat and air conditioning
Listing Agency:
Trelora Realty
Listed By:
Tiffany Jones
(629) 289-2295
Source:
Exprealty
Added: Sep 18
Changed: Nov 8
Last Checked: Nov 8 at 11:02AM
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 Trelora Realty
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Investment Insights
Based on property information with market context.
This duplex contains two matching residences, each with 2 bedrooms and 1 bathroom. The combined property size is 1,300 square feet. Both units have central heating and air conditioning, and a new roof has been installed. Both residences are occupied by long-term tenants.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,300 square feet total property size
- Matching floor plans across both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,707
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$194,140
$194.1K
Cap Rate 7%
$138,671
$138.7K
Cap Rate 9%
$107,856
$107.9K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$18.9K $14.52/SF
− Vacancy
−$1.2K −$0.94/SF
EGI
$17.6K $13.58/SF
− OpEx
−$7.9K −$6.11/SF
NOI
$9.7K $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%
$194,140
Cap Rate 7%
$138,671
Cap Rate 9%
$107,856
Alternative Uses
Best Use
Multifamily LT 5
$156.6K
$137.0K – $182.7K
NOI $10,963 @ 7.0% cap · market cap 9.21%
Second Best
Apartment 5plus
$138.7K
$121.3K – $161.8K
NOI $9,707 @ 7.0% cap · market cap 8.16%
Theoretical Best
Office A
$384.2K
$336.2K – $448.2K
NOI $26,894 @ 7.0% cap · market cap 22.60%
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
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
Explore this area
Business Placement
Demographics for 38106, TN
22,394
Population
11,630
Households
1.9
Avg Household Size
41
Median Age
12%
College-Educated
83%
High-School Grad
10.4 sq mi
ZIP Area
2,153
Density / Sq Mi
$29,818
Median Household Income
$30,101
Median Earnings
$915
Median Rent
$66,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Both residences have central heating and air conditioning, with matching floor plans and a recently installed roof.
Where is this duplex located?
The property is located at 1410 Kerr Ave Memphis, TN.
What is the asking price?
The asking price for this property is $119,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,300 square feet total property size; Matching floor plans across both residences
