170 North Hollywood Street Memphis, TN 38112
Renovated 52-unit multifamily property in Midtown Memphis.
Property Features for 170 North Hollywood Street
General Information
- Standard status
- Active
- Size
- 49,222 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1952
Listing office Woodyard Realty Corporation (901) 767-1998
Listing date May 15, 2026
Source Crexi
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 Woodyard Realty Corporation
Investment Insights
Based on property information with market context.
Key Highlights
- Turnkey Class A Renovation: Exhaustive rehab completed in 2020.
- Below Replacement Cost: Offered at $5,900,000 ($113K/Unit).
- Strong Occupancy: Maintained 90%+ occupancy since renovation.
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 | $714.7k | $14.52 |
| − Vacancy | −$46.5k | −$0.94 |
| EGI | $668.2k | $13.58 |
| − OpEx | −$300.7k | −$6.11 |
| NOI | $367.5k | $7.47 |
