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Rehabilitated Duplex
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2043 Lamar Avenue, Memphis, TN 38114

Corner-lot duplex with covered parking, central heat and air, and one unit currently leased.

Property Size2,005 SF
Price / SF$69.78
Days on Market6

Property Features for 2043 Lamar Avenue

General Information

Standard status Active
Size 2,005 SF
Property subtype Multifamily

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Amenities

central heat and air
covered parking

Building Details

Year Built 1960
Year Renovated 2021
Buildings 1
Units 2
Tenancy Multi
Construction brick
Listing Agency: Crye-Leike, Inc., REALTORS
Listed By: Tyler Tapley · License #TN 296080
Source: Crexi
Added: Aug 6 Changed: Aug 11 Last Checked: Aug 11 at 2:51AM

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, Inc., REALTORS

Investment Insights

Based on property information with market context.

This 2,005-square-foot brick duplex, built in 1960, contains two two-bedroom, one-bath units with central heat and air. The property underwent a full rehabilitation in 2021, while the left-side unit was rehabilitated again in 2026. Overall condition is described as nice, with covered parking serving the corner-lot property.

The right-side unit is leased, and the left-side unit is vacant and being marketed for rent. Professional management is in place, with lease, ledger, and repair-history records available upon request. The configuration provides four bedrooms and two bathrooms across the building, with one unit ready for occupancy following its 2026 rehabilitation.

Key Highlights

  • 2,005‑square‑foot brick duplex built in 1960
  • Two 2‑bedroom, 1‑bath units with central heat and air
  • Full property rehabilitation completed in 2021

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Dental Office Kitchen & Bath Showroom Skin Care Clinic HVAC Service Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

491
Businesses Nearby

Demographics for 38114, TN

23,559
Population
12,252
Households
1.9
Avg Household Size
38
Median Age
14%
College-Educated
82%
High-School Grad
7.6 sq mi
ZIP Area
3,100
Density / Sq Mi
$32,080
Median Household Income
$28,570
Median Earnings
$897
Median Rent
$79,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Corner-lot duplex with covered parking, central heat and air, and one unit currently leased.
Where is this duplex located?
The property is located at 2043 Lamar Avenue Memphis, TN.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: 2,005‑square‑foot brick duplex built in 1960; Two 2‑bedroom, 1‑bath units with central heat and air; Full property rehabilitation completed in 2021
(901) 871-1290 Call to check price and availability
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