Renovated Quadplex with Central
2033 Young Avenue Memphis, TN 38104
For Sale
$826,995
Fully renovated quadplex featuring a studio, two 1BR units, and a 3BR unit with central HVAC across all units.
Property Size3,585 SF
Price / SF$230.68
Days on Market201
Property Features for 2033 Young Avenue
General Information
- Standard status
- Active
- Size
- 3,585 SF
- Property subtype
- Multi-Family / Fourplex
Building Details
- Year Built
- 1925
Listing Agency:
Crye-Leike Commercial
(901) 277-0477
Listed By:
Jeffrey Moore · License #250330
(901) 277-0477
Source:
Compass
Added: Jan 4
Changed: Jul 22
Last Checked: Jul 22 at 2:25PM
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 Crye-Leike Commercial
Investment Insights
Based on property information with market context.
This fully renovated quadplex offers a diversified unit mix: one studio, two 1BR units, and one 3BR unit. Each unit includes modern finishes and is supported by central H&A, along with updated systems throughout the property.
Located in the Cooper-Young District in Midtown Memphis at 2033 Young Avenue, the building sits within a neighborhood described as walkable and known for its restaurants, nightlife, arts scene, and historic character.
With four independently sized living options ranging from studio to three-bedroom layouts, the property provides flexible tenant appeal while maintaining a consistent level of renovation and mechanical updates across the asset.
Located in the Cooper-Young District in Midtown Memphis at 2033 Young Avenue, the building sits within a neighborhood described as walkable and known for its restaurants, nightlife, arts scene, and historic character.
With four independently sized living options ranging from studio to three-bedroom layouts, the property provides flexible tenant appeal while maintaining a consistent level of renovation and mechanical updates across the asset.
Key Highlights
- Fully renovated quadplex with 1 studio, 2 one‑bedroom, and 1 three‑bedroom unit
- Hardwood flooring throughout and tile flooring
- Each unit includes central HVAC (H&A)
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 | $46.0k | $12.84 |
| − Vacancy | −$2.8k | −$0.79 |
| EGI | $43.2k | $12.05 |
| − OpEx | −$13.0k | −$3.61 |
| NOI | $30.2k | $8.43 |
3,585 SF · lease $12.84/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$431.9K
$377.9K – $503.9K
NOI $30,234 @ 7.0% cap · market cap 3.66%
Second Best
Apartment 5plus
$382.4K
$334.6K – $446.2K
NOI $26,769 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$1.06M
$927.1K – $1.24M
NOI $74,166 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Fully renovated quadplex featuring a studio, two 1BR units, and a 3BR unit with central HVAC across all units.
Where is this quadplex located?
The property is located at 2033 Young Avenue Memphis, TN.
What is the asking price?
The asking price for this property is $826,995.
What are key features of this property?
This property features: Fully renovated quadplex with 1 studio, 2 one‑bedroom, and 1 three‑bedroom unit; Hardwood flooring throughout and tile flooring; Each unit includes central HVAC (H&A)
