Corner Brick Duplex
1672 CLANCY St Memphis, TN 38106
1672 CLANCY St, Memphis, TN, 38106
$90,000
For Sale
$90,000
MULTI_FAMILY - Memphis, TN
Property Size1,050 SF
Price / SF$85.71
Days on Market54
Property Features for 1672 CLANCY St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2
- Standard status
- Active
- Size
- 1,050 SF
Taxes and HOA fees
- Tax Annual Amount
- 736
Building Details
- Year built
- 1950
- Architectural style
- Other
Listing Agency
Fast Track Realty, LLC
(901) 767-8770
1045 S Yates, Memphis, TN
Listed by
Verna Littleton
(901) 490-9449
Added: May 28 Updated: Jul 19 at 8:37 am Checked: Jul 20 at 11:06 pm
MLS# 10222586
Listing URL
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 brick duplex is positioned on a corner lot and consists of two separate doors. One unit is currently rented, with the lease set to end 05/01/2027. The other side is vacant and ready to rent.
The property is located in Memphis, TN, in Shelby County. Public remarks indicate it is minutes from downtown, midtown, and an expressway.
A property management company is in place, which may support day-to-day oversight for the rented unit.
The property is located in Memphis, TN, in Shelby County. Public remarks indicate it is minutes from downtown, midtown, and an expressway.
A property management company is in place, which may support day-to-day oversight for the rented unit.
Key Highlights
- Brick duplex built in 1950 on a corner lot
- One unit currently rented at $685 with lease ending 05/01/2027
- Other side is vacant and ready to rent
Local Financial Insights For Apartment 5plus
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 | $15.2k | $14.52 |
| − Vacancy | −$991 | −$0.94 |
| EGI | $14.3k | $13.58 |
| − OpEx | −$6.4k | −$6.11 |
| NOI | $7.8k | $7.47 |
1,050 SF · lease $14.52/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$126.5K
$110.7K – $147.6K
NOI $8,855 @ 7.0% cap · market cap 9.84%
Second Best
Apartment 5plus
$112.0K
$98.0K – $130.7K
NOI $7,840 @ 7.0% cap · market cap 8.71%
Theoretical Best
Office A
$310.3K
$271.5K – $362.0K
NOI $21,722 @ 7.0% cap · market cap 24.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Brick duplex on a corner lot with one side rented and the other side currently vacant.
Where is this duplex located?
The property is located at 1672 CLANCY St Memphis, TN.
What is the asking price?
The asking price for this property is $90,000.
What are key features of this property?
This property features: Brick duplex built in 1950 on a corner lot; One unit currently rented at $685 with lease ending 05/01/2027; Other side is vacant and ready to rent
