Two-Unit Duplex
For Sale
$400,000
2426 CHARJEAN Cv, Memphis, TN 38114
Duplexes, Traditional, Memphis, TN
Property Size1,620 SF
Price / SF$246.91
Days on Market49
Property Features for 2426 CHARJEAN Cv
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 4
Subdivision
CHARJEAN COVE SUBD
Standard status
Active
Size
1,620 SF
Taxes and HOA fees
Tax Annual Amount
875
Building Details
Year built
1964
Architectural style
Other
Listing Agency:
Keller Williams · Keller Williams Realty
(662) 892-4000
Listed By:
Tia Jennings
(901) 859-8183
Added: Sep 1
Changed: Oct 16
Last Checked: Oct 18 at 11:06PM
MLS# 10229617
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.
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Investment Insights
Based on property information with market context.
This duplex contains 1,620 square feet with four bedrooms and two bathrooms. Built in 1964, the property is configured as a two-unit residential income asset and is reported at 75% occupancy.
The property is being offered as part of a package that includes 2412 Charjean Cv., 2428 Charjean Cv., 2436 Charjean Cv., and 2440 Charjean Cv. Tenant privacy is required, and property entry is available only after an accepted contract.
The property is being offered as part of a package that includes 2412 Charjean Cv., 2428 Charjean Cv., 2436 Charjean Cv., and 2440 Charjean Cv. Tenant privacy is required, and property entry is available only after an accepted contract.
Key Highlights
- 1,620‑square‑foot duplex built in 1964
- Four bedrooms and two bathrooms
- 75% occupancy reported
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,662
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,240
$273.2K
Cap Rate 7%
$195,171
$195.2K
Cap Rate 9%
$151,800
$151.8K
Market Conditions
NOI Build-Up for 1,620 SF
Gross rent
$20.8K $12.84/SF
− Vacancy
−$1.3K −$0.79/SF
EGI
$19.5K $12.05/SF
− OpEx
−$5.9K −$3.61/SF
NOI
$13.7K $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%
$273,240
Cap Rate 7%
$195,171
Cap Rate 9%
$151,800
Alternative Uses
Best Use
Multifamily LT 5
$195.2K
$170.8K – $227.7K
NOI $13,662 @ 7.0% cap · market cap 3.42%
Second Best
Apartment 5plus
$172.8K
$151.2K – $201.6K
NOI $12,096 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$478.8K
$418.9K – $558.6K
NOI $33,515 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
75%
Occupancy
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Explore this area
Business Placement
Demographics for 38114, TN
23,559
Population
12,252
Households
1.9
Avg Household Size
38
Median Age
14%
College-Educated
82%
High-School Grad
7.6 sq mi
ZIP Area
3,100
Density / Sq Mi
$32,080
Median Household Income
$28,570
Median Earnings
$897
Median Rent
$79,000
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
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property with a four-bedroom, two-bathroom layout and existing tenant occupancy.
Where is this duplex located?
The property is located at 2426 CHARJEAN Cv Memphis, TN.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 1,620‑square‑foot duplex built in 1964; Four bedrooms and two bathrooms; 75% occupancy reported
