159 HAYDEN Pl, Memphis, TN 38111
- Added:
- Jun 29, 2026
- Days on Market:
- 10
- Last Refresh:
- Jul 8 at 9:06 pm
Property Features for 159 HAYDEN Pl
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 1
- Standard status
- Active
- Size
- 1,350 SF
Taxes and HOA fees
- Tax Annual Amount
- 1007
Building Details
- Year built
- 1950
Listing agent Joshua Moss License #341627 (901) 590-8636
Listing office KAIZEN Realty, LLC 7540 North Street, Germantown, TN (901) 221-4041
Listing date Jun 29, 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.
HighLights
- Fully renovated duplex near the University of Memphis, built in 1950
- Each unit offers 2 bedrooms and 1 bathroom
- New roof and new windows throughout
- Interior updates include luxury vinyl plank flooring, fresh paint, and updated light fixtures and ceiling fans
- Updated kitchens with new kitchen cabinets and granite countertops
- Renovated bathrooms with new vanities and modern finishes
Overview
Located in Memphis, TN (38111), the home is positioned for convenient access to area shopping, dining, and campus amenities. It is described as being near the University of Memphis, making it well-suited to housing demand tied to the surrounding area.
For buyers, this configuration supports either an income-focused approach with both units leased or an owner-occupant setup where one unit is lived in while the other is rented. With extensive renovations already completed, the property presents a turnkey option for someone seeking a duplex structure and updated interior finishes in a convenient Memphis location.
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 | $17.3k | $12.84 |
| − Vacancy | −$1.1k | −$0.79 |
| EGI | $16.3k | $12.05 |
| − OpEx | −$4.9k | −$3.61 |
| NOI | $11.4k | $8.43 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.960148
- Latitude
- 35.136289
