Turnkey Leased
1457 S COOPER St Memphis, TN 38114
1457 S COOPER St, Memphis, TN, 38114
$199,000
For Sale
$199,000
MULTI_FAMILY - Memphis, TN
Property Size1,579 SF
Price / SF$126.03
Days on Market127
Property Features for 1457 S COOPER St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2
- Standard status
- Active
- Size
- 1,579 SF
Taxes and HOA fees
- Tax Annual Amount
- 1639
Building Details
- Year built
- 1965
- Architectural style
- Other
Listing Agency
Fast Track Realty, LLC
(901) 767-8770
1045 S Yates, Memphis, TN
Listed by
Eric Earles
(901) 598-8802
Added: Mar 16 Checked: Jul 20 at 10:06 am
MLS# 10216892
Listing URL
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 turnkey duplex features two leased units, with both tenants currently in place and producing $1,440 per month in gross rental income. The property is positioned as an income-producing asset with established occupancy, supported by existing tenant leases that are available upon request. Showings are coordinated with the tenants and require appropriate notice.
Stove and refrigerators are currently provided in each unit, supporting move-in readiness for the next cycle of occupancy.
Located at 1457 S Cooper St in Memphis, TN 38114, the property is presented as a duplex within Midtown Memphis, with proximity to Cooper-Young Historic District, Overton Square, and Downtown Memphis.
Stove and refrigerators are currently provided in each unit, supporting move-in readiness for the next cycle of occupancy.
Located at 1457 S Cooper St in Memphis, TN 38114, the property is presented as a duplex within Midtown Memphis, with proximity to Cooper-Young Historic District, Overton Square, and Downtown Memphis.
Key Highlights
- Duplex built in 1965
- Both units are currently leased, generating $1,440/month in gross rental income
- Stove and fridges are provided in each unit
Local 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 | $20.3k | $12.84 |
| − Vacancy | −$1.3k | −$0.79 |
| EGI | $19.0k | $12.05 |
| − OpEx | −$5.7k | −$3.61 |
| NOI | $13.3k | $8.43 |
1,579 SF · lease $12.84/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$190.2K
$166.5K – $221.9K
NOI $13,316 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$168.4K
$147.4K – $196.5K
NOI $11,790 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$466.7K
$408.3K – $544.4K
NOI $32,666 @ 7.0% cap · market cap 16.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit duplex with both units currently leased, generating gross rental income and included appliances.
Where is this duplex located?
The property is located at 1457 S COOPER St Memphis, TN.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Duplex built in 1965; Both units are currently leased, generating $1,440/month in gross rental income; Stove and fridges are provided in each unit
