Renovated Duplex with Commercial
For Sale
$319,850
2417 Jackson Ave, Memphis, TN 38112
Two-unit property with separate kitchens, laundry areas, and adaptable residential or previously approved commercial use.
Property Size3,934 SF
Price / SF$81.30
Days on Market84
Property Features for 2417 Jackson Ave
General Information
Standard status
Active
Size
3,934 SF
Property subtype
Multi-Family
Building Details
Year Built
1947
Listing Agency:
Keller Williams
Listed By:
John Quinn · License #3298267
(901) 591-8100
Source:
Johnquinnrealestate
Added: Jul 23
Changed: Oct 13
Last Checked: Oct 12 at 7:50PM
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 Keller Williams
Investment Insights
Based on property information with market context.
Located at 2417 Jackson Ave in Memphis, this renovated duplex contains two units totaling 3,934 square feet. The property was built in 1947 and is currently classified for multifamily residential use, with prior Special Use Permit approval for commercial use.
The larger unit includes 6 rooms, a full kitchen, laundry room, and 3 full bathrooms. The second unit offers 4 rooms, a full kitchen, laundry area, 1 full bathroom, and 2 half bathrooms. Both units include plumbing and closets in every room. The corner setting provides street visibility, with proximity to the Memphis Zoo and Rhodes College and access to Downtown Memphis.
The larger unit includes 6 rooms, a full kitchen, laundry room, and 3 full bathrooms. The second unit offers 4 rooms, a full kitchen, laundry area, 1 full bathroom, and 2 half bathrooms. Both units include plumbing and closets in every room. The corner setting provides street visibility, with proximity to the Memphis Zoo and Rhodes College and access to Downtown Memphis.
Key Highlights
- Two‑unit duplex totaling 3,934 square feet
- Renovated property at 2417 Jackson Ave, Memphis, TN 38112
- Larger unit includes 6 rooms, full kitchen, laundry room, and 3 full baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,375
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,500
$587.5K
Cap Rate 7%
$419,643
$419.6K
Cap Rate 9%
$326,389
$326.4K
Market Conditions
NOI Build-Up for 3,934 SF
Gross rent
$57.1K $14.52/SF
− Vacancy
−$3.7K −$0.94/SF
EGI
$53.4K $13.58/SF
− OpEx
−$24.0K −$6.11/SF
NOI
$29.4K $7.47/SF
Area
Memphis, TN
Vacancy
6.50%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,500
Cap Rate 7%
$419,643
Cap Rate 9%
$326,389
Alternative Uses
Best Use
Mixed Use
$682.8K
$597.5K – $796.6K
NOI $47,798 @ 7.0% cap · market cap 14.94%
Second Best
Multifamily LT 5
$474.0K
$414.7K – $553.0K
NOI $33,177 @ 7.0% cap · market cap 10.37%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,387 @ 7.0% cap · market cap 25.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
Explore this area
Business Placement
Demographics for 38112, TN
16,970
Population
7,425
Households
2.3
Avg Household Size
32
Median Age
38%
College-Educated
85%
High-School Grad
4.8 sq mi
ZIP Area
3,535
Density / Sq Mi
$52,639
Median Household Income
$29,576
Median Earnings
$969
Median Rent
$206,900
Median Home Value
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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 separate kitchens, laundry areas, and adaptable residential or previously approved commercial use.
Where is this duplex located?
The property is located at 2417 Jackson Ave Memphis, TN.
What is the asking price?
The asking price for this property is $319,850.
What are key features of this property?
This property features: Two‑unit duplex totaling 3,934 square feet; Renovated property at 2417 Jackson Ave, Memphis, TN 38112; Larger unit includes 6 rooms, full kitchen, laundry room, and 3 full baths
