1577 COURT Ave Memphis, TN 38104
MULTI_FAMILY - Memphis, TN
- Added:
- May 11, 2026
- Days on Market:
- 65
- Last Refresh:
- Jul 14 at 4:06 am
Property Features for 1577 COURT Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 3,408 SF
Taxes and HOA fees
- Tax Annual Amount
- 2609
Building Details
- Year built
- 1910
Listing agent Caleb Parr License #340494 (901) 484-0478
Listing office Renshaw Company, REALTORS 5865 Ridgeway Ctr. Pkwy, #101, Memphis, TN (901) 820-4367
Listing date May 11, 2026
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.
Located in Midtown Memphis in Shelby County, the property is described as being near Downtown Memphis, East Memphis, the interstate, and nearby shopping. Public remarks characterize it as an income-producing option within a convenient area for everyday access.
If you’re looking for a straightforward triplex format with multiple rental units, this one is positioned for showings as a must-see opportunity in the area.
Key Highlights
- Income‑producing triplex: Live in one unit and rent out the other two.
- Prime Midtown location: Centrally located with easy access to Downtown Memphis, East Memphis, and the interstate.
- House hacking opportunity: Significantly reduce your housing costs by renting out part of your property.
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 | $43.8k | $12.84 |
| − Vacancy | −$2.7k | −$0.79 |
| EGI | $41.1k | $12.05 |
| − OpEx | −$12.3k | −$3.61 |
| NOI | $28.7k | $8.43 |
