Memphis Fourplex in Historic
1736 TUTWILER Ave, Memphis, TN 38107
- Added:
- Mar 30, 2026
- Days on Market:
- 63
- Last Refresh:
- May 31 at 4:06 pm
Property Features for 1736 TUTWILER Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,706 SF
Taxes and HOA fees
- Tax Annual Amount
- 1781
Building Details
- Year built
- 1915
Listing agent Larry Holtermann (901) 619-3231
Listing office Coldwell Banker Collins-Maury 6263 Poplar Ave., Ste 220, Collierville, TN (901) 259-8550
Listing date Mar 30, 2026
MLS# 10217965
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.
HighLights
- Prime location in the desirable Vollintine‑Evergreen historic district, just steps from V&E Greenline.
- Versatile 4‑plex configuration with a mix of unit sizes: two 1‑bedroom/1 bath, one 2‑bedroom/1 bath, and one efficiency.
- Immediate income potential with all units currently occupied.
- Recently renovated kitchens and bathrooms.
- Close proximity to Crosstown Concourse, Cafe Eclectic, and Dino's Grill.
- On‑site laundry for tenant convenience.
Overview
Located in the historic Vollintine-Evergreen area, this fourplex presents an investment opportunity. The property is situated 0.1 mile from the V&E Greenline and less than a mile from Crosstown Concourse, Cafe Eclectic, and Dino's Grill. The building contains a mix of unit types, including two 1-bedroom/1-bath units, one 2-bedroom/1-bath unit, and one efficiency unit. All units are currently occupied, providing immediate income. The kitchens and bathrooms have been recently renovated. An on-site laundry adds convenience for tenants. The property offers flexibility and appeal in a desirable Midtown location. The building size is 2706 square feet.
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 | $34.7k | $12.84 |
| − Vacancy | −$2.1k | −$0.79 |
| EGI | $32.6k | $12.05 |
| − OpEx | −$9.8k | −$3.61 |
| NOI | $22.8k | $8.43 |
2,706 SF · lease $12.84/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$326.0K
$285.3K – $380.4K
NOI $22,821 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$288.6K
$252.6K – $336.8K
NOI $20,205 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$799.7K
$699.8K – $933.0K
NOI $55,982 @ 7.0% cap · market cap 15.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.000722
- Latitude
- 35.155672
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Well-maintained fourplex in desirable Midtown location with immediate income potential.
Where is this quadplex located?
The property is located at 1736 TUTWILER Ave Memphis, TN.
What is the asking price?
The asking price for this property is $373,000.
What are key features of this property?
This property features: Prime location in the desirable Vollintine‑Evergreen historic district, just steps from V&E Greenline.; Versatile 4‑plex configuration with a mix of unit sizes: two 1‑bedroom/1 bath, one 2‑bedroom/1 bath, and one efficiency.; Immediate income potential with all units currently occupied.
