English-Style
For Sale
$399,000
217 N MCLEAN Blvd, Memphis, TN 38112
MULTI_FAMILY - Memphis, TN
Property Size3,860 SF
Price / SF$103.37
Days on Market51
Property Features for 217 N MCLEAN Blvd
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 4, Bathroom 3, Bedroom 6, Bathroom 2, Bedroom 2, Bedroom 1
Subdivision
MCHENRY
Standard status
Active
Size
3,860 SF
Taxes and HOA fees
Tax Annual Amount
3046
Building Details
Year built
1928
Architectural style
English
Listing Agency:
Sowell, Realtors
(901) 278-4380
Listed By:
Linda Sowell
(901) 277-4380
Added: Jun 16
Changed: Aug 2
Last Checked: Aug 5 at 4:06AM
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.
Investment Insights
Based on property information with market context.
This English-style duplex offers a well-maintained setup in Memphis’ Evergreen Historic District. The property was built in 1928 and totals 3,860 square feet, built out with six bedrooms and four bathrooms, providing flexible interior space for tenants seeking additional room.
The address is 217 N McLean Blvd in Memphis, TN 38112, within Shelby County. The home is described as convenient to Overton Park.
As a duplex, the layout supports separate living arrangements within one building, making it a practical fit for investors or operators looking for an on-site income property configuration.
The address is 217 N McLean Blvd in Memphis, TN 38112, within Shelby County. The home is described as convenient to Overton Park.
As a duplex, the layout supports separate living arrangements within one building, making it a practical fit for investors or operators looking for an on-site income property configuration.
Key Highlights
- 6‑bedroom, 4‑bath duplex configuration
- Built in 1928
- 3,860 SF total building size
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 |
3,860 SF · lease $12.84/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$465.0K
$406.9K – $542.6K
NOI $32,553 @ 7.0% cap · market cap 8.16%
Second Best
Apartment 5plus
$411.7K
$360.3K – $480.4K
NOI $28,822 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$1.14M
$998.2K – $1.33M
NOI $79,856 @ 7.0% cap · market cap 20.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
331
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex in the Evergreen Historic District with English architectural style and multiple bedrooms and baths.
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 $399,000.
What are key features of this property?
This property features: 6‑bedroom, 4‑bath duplex configuration; Built in 1928; 3,860 SF total building size
