Tenant-Occupied
New
For Sale
$120,000
2452 SARATOGA Ave, Memphis, TN 38114
Duplexes, Traditional, Memphis, TN
Property Size1,107 SF
Price / SF$108.40
Days on Market4
Property Features for 2452 SARATOGA Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1
Subdivision
ORANGE MOUND
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
Listed By:
Walter Jones
(501) 891-3141
Added: Oct 2
Last Checked: Oct 5 at 5:06PM
MLS# 10231640
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 two-unit residential property contains 1,107 square feet and was built in 1954. Both units are leased, and the property is located in Memphis, Tennessee.
Key Highlights
- Two‑unit duplex with both units leased
- 1,107 square feet
- Built in 1954
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,336
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$186,720
$186.7K
Cap Rate 7%
$133,371
$133.4K
Cap Rate 9%
$103,733
$103.7K
Market Conditions
NOI Build-Up for 1,107 SF
Gross rent
$14.2K $12.84/SF
− Vacancy
−$877 −$0.79/SF
EGI
$13.3K $12.05/SF
− OpEx
−$4.0K −$3.61/SF
NOI
$9.3K $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%
$186,720
Cap Rate 7%
$133,371
Cap Rate 9%
$103,733
Alternative Uses
Best Use
Multifamily LT 5
$133.4K
$116.7K – $155.6K
NOI $9,336 @ 7.0% cap · market cap 7.78%
Second Best
Apartment 5plus
$118.1K
$103.3K – $137.8K
NOI $8,266 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$327.2K
$286.3K – $381.7K
NOI $22,902 @ 7.0% cap · market cap 19.09%
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
532
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
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 - Both units are leased, providing an occupied two-unit residential asset in Memphis.
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 $120,000.
What are key features of this property?
This property features: Two‑unit duplex with both units leased; 1,107 square feet; Built in 1954
