Renovated Duplex with Updated
For Sale
$209,900
2412 VOLLINTINE Ave, Memphis, TN 38108
Duplexes, Traditional, Memphis, TN
Property Size1,505 SF
Price / SF$139.47
Days on Market52
Property Features for 2412 VOLLINTINE Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 1
Subdivision
WILSHIRE PARK
Standard status
Active
Size
1,505 SF
Taxes and HOA fees
Tax Annual Amount
906
Building Details
Year built
1940
Architectural style
Other
Listing Agency:
Reedy & Company, REALTORS
(901) 842-0805
Listed By:
Mark Hart
(901) 692-3195
Added: Aug 18
Changed: Sep 23
Last Checked: Oct 8 at 1:06AM
MLS# 10228625
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 1,505-square-foot duplex in Memphis was built in 1940 and underwent renovation work in 2025. Major building systems include a roof installed less than three years ago, along with an HVAC system and water heater that are one year old.
The 2412 unit is leased through 02/28/2027 and is current. The 2414 unit is vacant and available to show. Reedy and Company Realtors currently provides professional management and would like to continue managing the property.
The 2412 unit is leased through 02/28/2027 and is current. The 2414 unit is vacant and available to show. Reedy and Company Realtors currently provides professional management and would like to continue managing the property.
Key Highlights
- 1,505‑square‑foot duplex in Memphis
- Renovation work completed in 2025
- Roof is less than 3 years old
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,692
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,840
$253.8K
Cap Rate 7%
$181,314
$181.3K
Cap Rate 9%
$141,022
$141.0K
Market Conditions
NOI Build-Up for 1,505 SF
Gross rent
$19.3K $12.84/SF
− Vacancy
−$1.2K −$0.79/SF
EGI
$18.1K $12.05/SF
− OpEx
−$5.4K −$3.61/SF
NOI
$12.7K $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%
$253,840
Cap Rate 7%
$181,314
Cap Rate 9%
$141,022
Alternative Uses
Best Use
Multifamily LT 5
$181.3K
$158.7K – $211.5K
NOI $12,692 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$160.5K
$140.5K – $187.3K
NOI $11,238 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$444.8K
$389.2K – $518.9K
NOI $31,135 @ 7.0% cap · market cap 14.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
299
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with one occupied side and one vacant side available for showing.
Where is this duplex located?
The property is located at 2412 VOLLINTINE Ave Memphis, TN.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: 1,505‑square‑foot duplex in Memphis; Renovation work completed in 2025; Roof is less than 3 years old
