217 N MCLEAN Blvd, Memphis, TN 38112
- Added:
- Jun 16, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 19 at 11:06 pm
Property Features for 217 N MCLEAN Blvd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bedroom 5, Bedroom 1, Bathroom 3, Bathroom 2, Bathroom 4, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 3
- Standard status
- Active
- Size
- 3,860 SF
Taxes and HOA fees
- Tax Annual Amount
- 3046
Building Details
- Year built
- 1928
- Architectural style
- English
Listing agent Linda Sowell (901) 277-4380
Listing office Sowell, Realtors 54 S Cooper St, Memphis, TN (901) 278-4380
Listing date Jun 16, 2026
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.
HighLights
- Built in 1928 with English architectural style
- Large duplex in the Evergreen Historic District
- Includes 6 bedrooms and 4 bathrooms
Overview
The duplex is located in the Evergreen Historic District and is noted as convenient to Overton Park. The listing presents this as a practical location consideration for tenants and buyers looking for access to an established Memphis area.
As a for-sale residential income property, this duplex may fit buyers who want to own a larger two-unit building in a well-kept condition and in a historic district setting. Given the emphasis on maintenance in the remarks, the property is positioned for purchasers who prefer to start with an asset that has been cared for, while still allowing for straightforward duplex operations tied to two units under one roof.
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 | $49.6k | $12.84 |
| − Vacancy | −$3.1k | −$0.79 |
| EGI | $46.5k | $12.05 |
| − OpEx | −$14.0k | −$3.61 |
| NOI | $32.6k | $8.43 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.999173
- Latitude
- 35.143528
