Six-Bedroom
For Sale
$275,000
2225 GOLDBRIER LN, Memphis, TN 38134
Two leased residences provide a three-bedroom, two-bath layout in each unit.
Property Size3,212 SF
Price / SF$85.62
Days on Market161
Property Features for 2225 GOLDBRIER LN
General Information
Standard status
Active
Size
3,212 SF
Property subtype
Built as Duplex
Site & Location
Neighborhood
Appling
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Building Details
Building Size
3,212 SF
Year Built
1980
Listing Agency:
901, REALTORS
Listed By:
Sheila Ridgway
(901) 676-6555
Source:
2riversrealtors
Added: May 20
Changed: Oct 26
Last Checked: Oct 26 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 901, REALTORS
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Investment Insights
Based on property information with market context.
This duplex contains 3,212 square feet and is configured as two units, each with 3 bedrooms and 2 full baths. Across the property, the layout totals 6 bedrooms and 4 full baths. Built in 1980, the building offers an established residential configuration.
Leases are in place for both units. The property is located in Memphis, Tennessee, in ZIP code 38134.
Leases are in place for both units. The property is located in Memphis, Tennessee, in ZIP code 38134.
Key Highlights
- Two‑unit duplex with 3,212 square feet
- Each unit has 3 bedrooms and 2 full baths
- Combined layout includes 6 bedrooms and 4 full baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,984
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,680
$479.7K
Cap Rate 7%
$342,629
$342.6K
Cap Rate 9%
$266,489
$266.5K
Market Conditions
NOI Build-Up for 3,212 SF
Gross rent
$46.6K $14.52/SF
− Vacancy
−$3.0K −$0.94/SF
EGI
$43.6K $13.58/SF
− OpEx
−$19.6K −$6.11/SF
NOI
$24.0K $7.47/SF
Area
Memphis, TN
Vacancy
6.50%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,680
Cap Rate 7%
$342,629
Cap Rate 9%
$266,489
Alternative Uses
Best Use
Multifamily LT 5
$387.0K
$338.6K – $451.5K
NOI $27,088 @ 7.0% cap · market cap 9.85%
Second Best
Apartment 5plus
$342.6K
$299.8K – $399.7K
NOI $23,984 @ 7.0% cap · market cap 8.72%
Theoretical Best
Office A
$949.3K
$830.6K – $1.11M
NOI $66,450 @ 7.0% cap · market cap 24.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
455
Businesses Nearby
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Business Placement
Demographics for 38134, TN
41,760
Population
15,685
Households
2.7
Avg Household Size
35
Median Age
21%
College-Educated
86%
High-School Grad
18.6 sq mi
ZIP Area
2,245
Density / Sq Mi
$61,172
Median Household Income
$39,185
Median Earnings
$1,147
Median Rent
$184,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two leased residences provide a three-bedroom, two-bath layout in each unit.
Where is this duplex located?
The property is located at 2225 GOLDBRIER LN Memphis, TN.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑unit duplex with 3,212 square feet; Each unit has 3 bedrooms and 2 full baths; Combined layout includes 6 bedrooms and 4 full baths
