One-Bedroom
For Sale
$102,000
1463 EFFIE Rd, Memphis, TN 38106
MULTI_FAMILY - Memphis, TN
Property Size960 SF
Price / SF$106.25
Days on Market183
Property Features for 1463 EFFIE Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1
Subdivision
MALLORY AVENUE TERRACE
Standard status
Active
Size
960 SF
Taxes and HOA fees
Tax Annual Amount
539
Building Details
Year built
1960
Architectural style
Other
Listing Agency:
Assured Real Estate Services
(901) 741-2699
Listed By:
Sherita McCray
(901) 503-7276
Added: Feb 3
Changed: Aug 3
Last Checked: Aug 5 at 5:06AM
MLS# 10215830
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 one-bedroom, one-bath duplex offers a two-unit setup with tenants on both sides. The units were freshly painted about a year ago, supporting continued residential use.
The property is located at 1463 Effie Rd in Memphis, TN 38106 (Shelby County). It was built in 1960 and contains 960 square feet in total.
With tenants currently in place, the duplex is presented as an income-producing residential asset sized for straightforward oversight and occupancy continuity.
The property is located at 1463 Effie Rd in Memphis, TN 38106 (Shelby County). It was built in 1960 and contains 960 square feet in total.
With tenants currently in place, the duplex is presented as an income-producing residential asset sized for straightforward oversight and occupancy continuity.
Key Highlights
- Tenants on both sides of the duplex
- One‑bedroom, one‑bath configuration
- Freshly painted about a year ago
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 | $12.3k | $12.84 |
| − Vacancy | −$761 | −$0.79 |
| EGI | $11.6k | $12.05 |
| − OpEx | −$3.5k | −$3.61 |
| NOI | $8.1k | $8.43 |
960 SF · lease $12.84/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$115.7K
$101.2K – $134.9K
NOI $8,096 @ 7.0% cap · market cap 7.94%
Second Best
Apartment 5plus
$102.4K
$89.6K – $119.5K
NOI $7,168 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$283.7K
$248.3K – $331.0K
NOI $19,860 @ 7.0% cap · market cap 19.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
280
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with tenants on both sides and recently refreshed interiors, built in 1960.
Where is this duplex located?
The property is located at 1463 EFFIE Rd Memphis, TN.
What is the asking price?
The asking price for this property is $102,000.
What are key features of this property?
This property features: Tenants on both sides of the duplex; One‑bedroom, one‑bath configuration; Freshly painted about a year ago
