Duplex with Renovated
2261 Hunter, Memphis, TN 38108
For Sale
$105,000
Both residences are leased and were updated in 2026.
Property Size1,056 SF
Price / SF$99.43
Days on Market80
Property Features for 2261 Hunter
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Tenant in Place
Building Details
Building Size
Year Built
Year Renovated
Stories
Listing Agency:
Crye-Leike, Inc. , Realtors
(901) 756-8900
Listed By:
Tyler Tapley · License #296080
(901) 871-1290
Source:
Assuredrealestate
Added: Aug 20
Changed: Nov 2
Last Checked: Nov 7 at 3:57AM
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 Crye-Leike, Inc. , Realtors
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Investment Insights
Based on property information with market context.
This 1,056-square-foot duplex contains two residential units, each currently leased. Both units were rehabilitated in 2026, and the property was built in 1945.
Lease documents and rental ledgers are available upon request. The property is professionally managed and is located at 2261 Hunter in Memphis, Tennessee.
Lease documents and rental ledgers are available upon request. The property is professionally managed and is located at 2261 Hunter in Memphis, Tennessee.
Key Highlights
- Two‑unit duplex with both residences currently leased
- Both units rehabilitated in 2026
- 1,056 square feet; built in 1945
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,906
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$178,120
$178.1K
Cap Rate 7%
$127,229
$127.2K
Cap Rate 9%
$98,956
$99.0K
Market Conditions
NOI Build-Up for 1,056 SF
Gross rent
$13.6K $12.84/SF
− Vacancy
−$837 −$0.79/SF
EGI
$12.7K $12.05/SF
− OpEx
−$3.8K −$3.61/SF
NOI
$8.9K $8.43/SF
Area
Memphis, TN
Vacancy
6.17%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$178,120
Cap Rate 7%
$127,229
Cap Rate 9%
$98,956
Alternative Uses
Best Use
Multifamily LT 5
$127.2K
$111.3K – $148.4K
NOI $8,906 @ 7.0% cap · market cap 8.48%
Second Best
Apartment 5plus
$112.6K
$98.6K – $131.4K
NOI $7,885 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$312.1K
$273.1K – $364.1K
NOI $21,847 @ 7.0% cap · market cap 20.81%
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
355
Businesses Nearby
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Business Placement
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
$62,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Memphis, TN
Properties on Market for Duplexes in Memphis
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased and were updated in 2026.
Where is this duplex located?
The property is located at 2261 Hunter Memphis, TN.
What is the asking price?
The asking price for this property is $105,000.
What are key features of this property?
This property features: Two‑unit duplex with both residences currently leased; Both units rehabilitated in 2026; 1,056 square feet; built in 1945
