Renovated
For Sale
$105,000
2261 HUNTER Ave, Memphis, TN 38108
Duplexes, Traditional, Memphis, TN
Property Size1,056 SF
Price / SF$99.43
Days on Market50
Property Features for 2261 HUNTER Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1
Subdivision
W G CURRY
Standard status
Active
Size
1,056 SF
Taxes and HOA fees
Tax Annual Amount
1032
Building Details
Year built
1945
Architectural style
Other
Listing Agency:
Crye-Leike, Inc., REALTORS
(901) 756-8900
Listed By:
Tyler Tapley · License #296080
(901) 871-1290
Added: Aug 20
Changed: Oct 2
Last Checked: Oct 8 at 3:06AM
MLS# 10228765
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 1,056-square-foot duplex was built in 1945 and contains two residential units with a combined two bedrooms and two bathrooms. Both units underwent rehabilitation in 2026, providing updated interiors within an established duplex structure.
The property is located at 2261 HUNTER Ave in Memphis, Tennessee, 38108. Each unit is currently rented, and professional management is in place. Lease documentation and operating ledgers are available upon request, supporting review of the existing tenancy and property operations.
The property is located at 2261 HUNTER Ave in Memphis, Tennessee, 38108. Each unit is currently rented, and professional management is in place. Lease documentation and operating ledgers are available upon request, supporting review of the existing tenancy and property operations.
Key Highlights
- Two‑unit duplex totaling 1056 square feet
- Both units rehabilitated in 2026
- 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.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
355
Businesses Nearby
Explore this area
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
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property with both units leased and professional management in place.
Where is this duplex located?
The property is located at 2261 HUNTER Ave 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 totaling 1056 square feet; Both units rehabilitated in 2026; Built in 1945
