2233 MANGUM Rd, Memphis, TN 38134
- Added:
- Jun 19, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 20 at 12:06 am
Property Features for 2233 MANGUM Rd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 3, Bathroom 1, Bathroom 4, Bathroom 2
- Standard status
- Active
- Size
- 2,320 SF
Taxes and HOA fees
- Tax Annual Amount
- 2460
Building Details
- Year built
- 1989
- Architectural style
- Other
Listing agent Julie Burch (901) 574-2799
Listing office eXp Realty 5865 Ridgeway Center Pkwy, 218, Memphis, TN (901) 310-4363
Listing date Jun 19, 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
- Tenant‑occupied duplex built in 1989 in a convenient Memphis area
- Located just off Summer Avenue and Raleigh Lagrange Road
- Includes 4 bedrooms and 4 bathrooms (Bedroom 1–4, Bathroom 1–4) based on listed rooms
- Both tenants would like to remain in place, supporting a seamless transition for the new owner
Overview
The duplex is located just off Summer Avenue and Raleigh Lagrange Road, providing convenient area access. The listing also notes that proof of funds is required prior to showing approval. A minimum of 48 hours’ notice is required for all showings, and tenants must not be disturbed.
For investors and owner-occupants seeking an income-producing property with tenants already installed, this duplex presents a practical option with an ownership transition supported by the tenants’ stated willingness to continue. With the property already occupied and managed on an ongoing basis, buyers can focus on reviewing the current tenancy and associated materials during the due diligence process, following the showing protocol included with the listing.
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 | $29.8k | $12.84 |
| − Vacancy | −$1.8k | −$0.79 |
| EGI | $28.0k | $12.05 |
| − OpEx | −$8.4k | −$3.61 |
| NOI | $19.6k | $8.43 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.861488
- Latitude
- 35.185939
