Duplex with Detached Guest
1756 Crump, Memphis, TN 38107
For Sale
$215,000
A two-bedroom residence pairs with a separate guest house and detached one-car garage.
Property Size1,388 SF
Price / SF$154.90
Days on Market23
Property Features for 1756 Crump
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Stories
Listing Agency:
Sowell, Realtors
(901) 278-4380
Listed By:
Stephanie Evans Taylor
(901) 487-7452
Source:
Assuredrealestate
Added: Oct 16
Changed: Nov 7
Last Checked: Nov 7 at 4:46AM
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 Sowell, Realtors
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Investment Insights
Based on property information with market context.
This duplex property includes a two-bedroom, one-bath home, a detached guest house and a separate one-car garage. The residence was built in 1926 and contains 1,388 square feet.
Rhodes College, local coffee shops, restaurants and parks are within walking distance.
Rhodes College, local coffee shops, restaurants and parks are within walking distance.
Key Highlights
- 1,388‑square‑foot property built in 1926
- Main residence has two bedrooms and one bathroom
- Detached guest house and one‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,706
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,120
$234.1K
Cap Rate 7%
$167,229
$167.2K
Cap Rate 9%
$130,067
$130.1K
Market Conditions
NOI Build-Up for 1,388 SF
Gross rent
$17.8K $12.84/SF
− Vacancy
−$1.1K −$0.79/SF
EGI
$16.7K $12.05/SF
− OpEx
−$5.0K −$3.61/SF
NOI
$11.7K $8.43/SF
Area
Memphis, TN
Vacancy
6.17%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,120
Cap Rate 7%
$167,229
Cap Rate 9%
$130,067
Alternative Uses
Best Use
Multifamily LT 5
$167.2K
$146.3K – $195.1K
NOI $11,706 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$148.1K
$129.6K – $172.7K
NOI $10,364 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$410.2K
$358.9K – $478.6K
NOI $28,715 @ 7.0% cap · market cap 13.36%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
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Business Placement
Demographics for 38107, TN
15,655
Population
8,093
Households
1.9
Avg Household Size
37
Median Age
24%
College-Educated
87%
High-School Grad
5.4 sq mi
ZIP Area
2,899
Density / Sq Mi
$36,393
Median Household Income
$34,958
Median Earnings
$999
Median Rent
$128,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Memphis, TN
Properties on Market for Duplexes in Memphis
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - A two-bedroom residence pairs with a separate guest house and detached one-car garage.
Where is this duplex located?
The property is located at 1756 Crump Memphis, TN.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 1,388‑square‑foot property built in 1926; Main residence has two bedrooms and one bathroom; Detached guest house and one‑car garage
