English-Style
217 N MCLEAN Blvd, Memphis, TN 38112
For Sale
$395,000
Duplexes, English, Memphis, TN
Property Size3,860 SF
Price / SF$102.33
Days on Market145
Property Features for 217 N MCLEAN Blvd
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
Standard status
Size
Taxes and HOA fees
Tax Annual Amount
Building Details
Year built
Architectural style
Buildings
Listing Agency:
Sowell, Realtors
(901) 278-4380
Listed By:
Linda Sowell
(901) 277-4380
Added: Jun 16
Changed: Oct 28
Last Checked: Nov 7 at 4:06PM
MLS# 10224110
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.
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Investment Insights
Based on property information with market context.
Constructed in 1928, this English-style duplex contains 3,860 square feet and offers six bedrooms and four bathrooms. The property’s duplex configuration provides a residential income format within an established historic district.
Located in Memphis’s Evergreen Historic District, the property is near Overton Park. Its architectural character, bedroom and bathroom count, and placement within the district define the offering.
Located in Memphis’s Evergreen Historic District, the property is near Overton Park. Its architectural character, bedroom and bathroom count, and placement within the district define the offering.
Key Highlights
- 3,860‑square‑foot duplex
- Six bedrooms and four bathrooms
- Built in 1928
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,553
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,060
$651.1K
Cap Rate 7%
$465,043
$465.0K
Cap Rate 9%
$361,700
$361.7K
Market Conditions
NOI Build-Up for 3,860 SF
Gross rent
$49.6K $12.84/SF
− Vacancy
−$3.1K −$0.79/SF
EGI
$46.5K $12.05/SF
− OpEx
−$14.0K −$3.61/SF
NOI
$32.6K $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%
$651,060
Cap Rate 7%
$465,043
Cap Rate 9%
$361,700
Alternative Uses
Best Use
Multifamily LT 5
$465.0K
$406.9K – $542.6K
NOI $32,553 @ 7.0% cap · market cap 8.24%
Second Best
Apartment 5plus
$411.7K
$360.3K – $480.4K
NOI $28,822 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$1.14M
$998.2K – $1.33M
NOI $79,856 @ 7.0% cap · market cap 20.22%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,394
Businesses Nearby
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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
$206,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Memphis, TN
Properties on Market for Duplexes in Memphis
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Six-bedroom, four-bathroom duplex in Memphis’s Evergreen Historic District near Overton Park.
Where is this duplex located?
The property is located at 217 N MCLEAN Blvd Memphis, TN.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 3,860‑square‑foot duplex; Six bedrooms and four bathrooms; Built in 1928
