Tenant-Occupied Duplex in
2452 SARATOGA Ave Memphis, TN 38114
2452 SARATOGA Ave, Memphis, TN, 38114
$130,000
For Sale
$130,000
MULTI_FAMILY - Memphis, TN
Property Size1,107 SF
Price / SF$117.43
Days on Market110
Property Features for 2452 SARATOGA Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1
- Standard status
- Active
- Size
- 1,107 SF
Taxes and HOA fees
- Tax Annual Amount
- 1176
Building Details
- Year built
- 1954
- Architectural style
- Other
Listing Agency
BEST Real Estate Company
(901) 407-2177
6825 Summer Ave, Memphis, TN
Listed by
Walter Jones
(501) 891-3141
Added: Apr 2 Checked: Jul 20 at 9:06 am
MLS# 10218373
Listing URL
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 tenant-occupied duplex in Memphis, Tennessee, presents an investment opportunity with strong cash flow. Both units are currently leased at $700 per month. The property size is 1107 square feet. Located in Memphis, the property benefits from the area's affordable price points and rent-to-price ratios, which attract investor demand. The property is located at 2452 SARATOGA Ave, Memphis, TN 38114.
Key Highlights
- Tenant‑occupied duplex with both units leased at $700/month
- Drive‑by only; do not disturb tenants—showings only with accepted contract
- Year built: 1954
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.2k | $12.84 |
| − Vacancy | −$877 | −$0.79 |
| EGI | $13.3k | $12.05 |
| − OpEx | −$4.0k | −$3.61 |
| NOI | $9.3k | $8.43 |
1,107 SF · lease $12.84/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$133.4K
$116.7K – $155.6K
NOI $9,336 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$118.1K
$103.3K – $137.8K
NOI $8,266 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$327.2K
$286.3K – $381.7K
NOI $22,902 @ 7.0% cap · market cap 17.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Turnkey duplex in Memphis, TN, generating strong cash flow.
Where is this duplex located?
The property is located at 2452 SARATOGA Ave Memphis, TN.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Tenant‑occupied duplex with both units leased at $700/month; Drive‑by only; do not disturb tenants—showings only with accepted contract; Year built: 1954
