Historic Duplex with Original
For Sale
$424,999
201 STONEWALL St, Memphis, TN 38112
Duplexes, Colonial, Memphis, TN
Property Size3,998 SF
Price / SF$106.30
Days on Market210
Property Features for 201 STONEWALL St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 5, Bathroom 4, Bathroom 2
Subdivision
STONEWALL PL
Standard status
Active
Size
3,998 SF
Taxes and HOA fees
Tax Annual Amount
6437
Building Details
Year built
1916
Architectural style
Colonial
Listing Agency:
Keller Williams · Keller Williams Realty
(901) 261-7900
Listed By:
Todd Adams
(901) 870-7633
Added: Mar 19
Changed: Oct 14
Last Checked: Oct 14 at 8:06PM
MLS# 10217112
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.
Located at 201 Stonewall St in Memphis, this 3,998-square-foot duplex was built in 1916 and includes five bedrooms and four bathrooms. The property combines updated interiors with original hardwood flooring, leaded glass windows, 10-foot ceilings, and substantial front porches with upper and lower patios supported by four-post columns.
The verified double lot creates the possibility of adding another duplex through subdivision, subject to applicable approvals. The property is within the Historic Evergreen District and offers walkability to shopping, Overton Park, the Memphis Zoo, theaters, hospitals, and colleges.
The verified double lot creates the possibility of adding another duplex through subdivision, subject to applicable approvals. The property is within the Historic Evergreen District and offers walkability to shopping, Overton Park, the Memphis Zoo, theaters, hospitals, and colleges.
Key Highlights
- 3,998 SF duplex constructed in 1916
- Five bedrooms and four bathrooms
- Verified double lot with potential for subdivision and an additional duplex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,717
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,340
$674.3K
Cap Rate 7%
$481,671
$481.7K
Cap Rate 9%
$374,633
$374.6K
Market Conditions
NOI Build-Up for 3,998 SF
Gross rent
$51.3K $12.84/SF
− Vacancy
−$3.2K −$0.79/SF
EGI
$48.2K $12.05/SF
− OpEx
−$14.5K −$3.61/SF
NOI
$33.7K $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%
$674,340
Cap Rate 7%
$481,671
Cap Rate 9%
$374,633
Alternative Uses
Best Use
Multifamily LT 5
$481.7K
$421.5K – $562.0K
NOI $33,717 @ 7.0% cap · market cap 7.93%
Second Best
Apartment 5plus
$426.5K
$373.2K – $497.6K
NOI $29,853 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,711 @ 7.0% cap · market cap 19.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,764
Businesses Nearby
Explore this area
Business Placement
Demographics for 38112, TN
16,970
Population
7,425
Households
2.3
Avg Household Size
32
Median Age
38%
College-Educated
85%
High-School Grad
4.8 sq mi
ZIP Area
3,535
Density / Sq Mi
$52,639
Median Household Income
$29,576
Median Earnings
$969
Median Rent
$206,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Five-bedroom, four-bath property with updated interiors, preserved architectural features, and expansive covered outdoor spaces.
Where is this duplex located?
The property is located at 201 STONEWALL St Memphis, TN.
What is the asking price?
The asking price for this property is $424,999.
What are key features of this property?
This property features: 3,998 SF duplex constructed in 1916; Five bedrooms and four bathrooms; Verified double lot with potential for subdivision and an additional duplex
