Brick Duplex with Updated
1481 Oaklawn St, Memphis, TN 38114
For Sale
$114,900
Each side offers two bedrooms and one bathroom with refreshed interior finishes.
Property Size1,355 SF
Price / SF$84.80
Days on Market48
Property Features for 1481 Oaklawn St
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Construction
Listing Agency:
Fast Track Realty, LLC
Listed By:
John Quinn · License #3298267
(901) 591-8100
Source:
Johnquinnrealestate
Added: Sep 21
Changed: Nov 6
Last Checked: Nov 6 at 8:19AM
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 Fast Track Realty, LLC
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Investment Insights
Based on property information with market context.
This all-brick duplex in Memphis, Tennessee, was built in 1967 and contains two separate units. Each side provides two bedrooms and one bathroom, with newer paint, flooring, kitchen finishes, and bathroom updates already completed.
The property is located at 1481 Oaklawn St. A roof replacement is needed, while the interior improvements provide a foundation for continued residential income use.
The property is located at 1481 Oaklawn St. A roof replacement is needed, while the interior improvements provide a foundation for continued residential income use.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bath on each side
- All‑brick construction
- Newer paint, flooring, kitchens, and baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,118
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$202,360
$202.4K
Cap Rate 7%
$144,543
$144.5K
Cap Rate 9%
$112,422
$112.4K
Market Conditions
NOI Build-Up for 1,355 SF
Gross rent
$19.7K $14.52/SF
− Vacancy
−$1.3K −$0.94/SF
EGI
$18.4K $13.58/SF
− OpEx
−$8.3K −$6.11/SF
NOI
$10.1K $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%
$202,360
Cap Rate 7%
$144,543
Cap Rate 9%
$112,422
Alternative Uses
Best Use
Multifamily LT 5
$163.2K
$142.8K – $190.5K
NOI $11,427 @ 7.0% cap · market cap 9.95%
Second Best
Apartment 5plus
$144.5K
$126.5K – $168.6K
NOI $10,118 @ 7.0% cap · market cap 8.81%
Theoretical Best
Office A
$400.5K
$350.4K – $467.2K
NOI $28,032 @ 7.0% cap · market cap 24.40%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
201
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
$79,000
Median Home Value
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Market
Average Price Trend$/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 - Each side offers two bedrooms and one bathroom with refreshed interior finishes.
Where is this duplex located?
The property is located at 1481 Oaklawn St Memphis, TN.
What is the asking price?
The asking price for this property is $114,900.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bath on each side; All‑brick construction; Newer paint, flooring, kitchens, and baths
