1594 N PARKWAY Ave, Memphis, TN 38112
- Added:
- Jun 16, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 20 at 12:06 am
Property Features for 1594 N PARKWAY Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 4
- Standard status
- Active
- Size
- 2,118 SF
Taxes and HOA fees
- Tax Annual Amount
- 2028
Building Details
- Year built
- 1940
- Architectural style
- Other
Listing agent Linda Sowell (901) 277-4380
Listing office Sowell, Realtors 54 S Cooper St, Memphis, TN (901) 278-4380
Listing date Jun 16, 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
- Well‑maintained duplex built in 1940
- Includes 4 bedrooms and 2 bathrooms
- Covered parking available
- Located near Crosstown Concourse
- Owner‑occupant financing incentives include below‑market interest rates and up to $7,500 toward down payment or closing costs
Overview
The address is 1594 N PARKWAY Ave in Memphis, Tennessee 38112, in Shelby County. The seller’s remarks note the duplex is located near Crosstown Concourse, offering convenience to area destinations.
For an owner-occupant, the listing highlights special financing incentives, including below market interest rates and up to $7,500 toward down payment or closing costs. That combination can be particularly relevant for buyers who want to offset the cost of purchasing while also benefiting from rental income potential associated with a duplex. For investors, the covered parking and straightforward duplex structure may support tenant appeal and easier day-to-day living needs, while keeping the asset type consistent with common residential income strategies. Please contact the listing broker for details on availability and financing qualifications.
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 | $27.2k | $12.84 |
| − Vacancy | −$1.7k | −$0.79 |
| EGI | $25.5k | $12.05 |
| − OpEx | −$7.7k | −$3.61 |
| NOI | $17.9k | $8.43 |
Alternative Uses
Current Use by Public Records
Map
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.005789
- Latitude
- 35.153781
