Four-Unit Residential Income
2053 Linden Avenue Memphis, TN 38104
For Sale
$410,000
Four-unit multifamily with three 1-bedroom units and one studio, located near Midtown among single-family homes.
Property Size2,279 SF
Price / SF$179.90
Days on Market154
Property Features for 2053 Linden Avenue
General Information
- Standard status
- Active
- Size
- 2,279 SF
- Property subtype
- Multi-Family / Converted House
Building Details
- Year Built
- 1912
Listing Agency:
Crye-Leike Commercial
(901) 277-0477
Listed By:
Jeffrey Moore · License #250330
(901) 277-0477
Source:
Compass
Added: Feb 20
Changed: Jul 23
Last Checked: Jul 23 at 2:51PM
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 four-unit residential income property includes three 1-bedroom units and one studio. The building is offered with scheduled monthly income listed at $3,840 per month. Prospective buyers should plan for drive-by viewing only; residents are not to be disturbed.
The property is located in the heart of Midtown, surrounded by single-family homes. The available information does not specify any additional building features or upgrades.
The current unit mix is straightforward for tenants seeking either 1-bedroom layouts or studio living within the same property.
The property is located in the heart of Midtown, surrounded by single-family homes. The available information does not specify any additional building features or upgrades.
The current unit mix is straightforward for tenants seeking either 1-bedroom layouts or studio living within the same property.
Key Highlights
- 4‑unit multifamily with three 1‑bedroom units and one studio
- Year built: 1912
- Monthly scheduled rent listed as $3,840/month
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 | $29.3k | $12.84 |
| − Vacancy | −$1.8k | −$0.79 |
| EGI | $27.5k | $12.05 |
| − OpEx | −$8.2k | −$3.61 |
| NOI | $19.2k | $8.43 |
2,279 SF · lease $12.84/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$274.6K
$240.3K – $320.3K
NOI $19,220 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$243.1K
$212.7K – $283.6K
NOI $17,017 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$673.5K
$589.4K – $785.8K
NOI $47,148 @ 7.0% cap · market cap 11.50%
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 - Four-unit multifamily with three 1-bedroom units and one studio, located near Midtown among single-family homes.
Where is this quadplex located?
The property is located at 2053 Linden Avenue Memphis, TN.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: 4‑unit multifamily with three 1‑bedroom units and one studio; Year built: 1912; Monthly scheduled rent listed as $3,840/month
