Remodeled Duplex Income
217 N HOLLYWOOD St Memphis, TN 38112
217 N HOLLYWOOD St, Memphis, TN, 38112
$240,000
For Sale
$240,000
MULTI_FAMILY - Memphis, TN
Property Size1,230 SF
Price / SF$195.12
Days on Market129
Property Features for 217 N HOLLYWOOD St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1
- Standard status
- Active
- Size
- 1,230 SF
Taxes and HOA fees
- Tax Annual Amount
- 983
Building Details
- Year built
- 1948
- Architectural style
- Other
Listing Agency
Fast Track Realty, LLC
(901) 767-8770
1045 S Yates, Memphis, TN
Listed by
Cesar Lara
(901) 246-5634
Added: Mar 14 Checked: Jul 20 at 9:06 am
MLS# 10216788
Listing URL
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.
This fully remodeled duplex at 217 N HOLLYWOOD St, Memphis, TN 38112 features two furnished units designed for flexible rental use. The property has undergone recent upgrades including new electrical service, new kitchens and bathrooms, a new roof, new HVAC, new water lines, a new water heater, refinished hardwood floors, fresh exterior paint, and updated exterior lighting.
The home is located in 38112 and is described as being near Midtown, Overton Park, the Memphis Zoo, as well as restaurants and shopping. With both units furnished and decorated, the building is set up for immediate occupancy as either short-term or long-term rentals.
The home is located in 38112 and is described as being near Midtown, Overton Park, the Memphis Zoo, as well as restaurants and shopping. With both units furnished and decorated, the building is set up for immediate occupancy as either short-term or long-term rentals.
Key Highlights
- Fully remodeled duplex built in 1948
- Recent upgrades include new electrical service, new roof, new HVAC, and new water lines
- New kitchens and bathrooms, plus refinished hardwood floors
Local 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 | $15.8k | $12.84 |
| − Vacancy | −$974 | −$0.79 |
| EGI | $14.8k | $12.05 |
| − OpEx | −$4.4k | −$3.61 |
| NOI | $10.4k | $8.43 |
1,230 SF · lease $12.84/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$148.2K
$129.7K – $172.9K
NOI $10,373 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$131.2K
$114.8K – $153.1K
NOI $9,184 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$363.5K
$318.1K – $424.1K
NOI $25,446 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully remodeled duplex with two furnished units and extensive updates, positioned for flexible rental use.
Where is this duplex located?
The property is located at 217 N HOLLYWOOD St Memphis, TN.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Fully remodeled duplex built in 1948; Recent upgrades include new electrical service, new roof, new HVAC, and new water lines; New kitchens and bathrooms, plus refinished hardwood floors
