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Duplex Property Under Renovation
For Sale
$149,900

2235 Shannon Ave, Memphis, TN 38108

Duplex with renovation work underway and additional repairs remaining before completion.

Property SizeContact for details
Days on Market49

Property Features for 2235 Shannon Ave

General Information

Standard status Active
Property subtype Multi-Family

Property Condition

Severity Repairs Needed
Evidence Some repairs still needed

Site & Location

Neighborhood Hyde Park Cdc

Building Details

Year Built 1958
Listing Agency: Exit Wise Master-Builders Real
Listed By: Lisa Nelson
Source: Bryanrealty
Added: Sep 13 Changed: Oct 26 Last Checked: Oct 7 at 4:36PM

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 Exit Wise Master-Builders Real

Rey
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Investment Insights

Based on property information with market context.

This duplex property was built in 1958 and has renovation work already in progress. Additional repairs remain, offering a project-oriented acquisition for a buyer prepared to complete the improvements.

The property may be acquired individually or as part of a package, providing flexibility for different acquisition strategies.

Key Highlights

  • Duplex property built in 1958
  • Renovation work has been started
  • Additional repairs remain

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Location Intelligence

Trade Area within ½ mile

226
Businesses Nearby

Demographics for 38108, TN

17,051
Population
7,881
Households
2.2
Avg Household Size
34
Median Age
11%
College-Educated
73%
High-School Grad
7.6 sq mi
ZIP Area
2,244
Density / Sq Mi
$35,435
Median Household Income
$32,126
Median Earnings
$921
Median Rent
$62,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Duplex with renovation work underway and additional repairs remaining before completion.
Where is this duplex located?
The property is located at 2235 Shannon Ave Memphis, TN.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Duplex property built in 1958; Renovation work has been started; Additional repairs remain
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