Four-Unit
New
For Sale
$642,000
25 N TUCKER St, Memphis, TN 38104
Multi-Family, Memphis, TN
Property Size5,104 SF
Price / SF$125.78
Days on Market3
Property Features for 25 N TUCKER St
General Information
Property type
Residential Multi Family
Property subtype
Other
Subdivision
THOS WELLFORD
Standard status
Active
Size
5,104 SF
Taxes and HOA fees
Tax Annual Amount
1486
Building Details
Year built
1920
Listing Agency:
Keller Williams · Keller Williams Realty
(901) 261-7900
Listed By:
Tijuana Wallace
(901) 707-9870
Added: Oct 20
Last Checked: Oct 22 at 6:06AM
MLS# 10232845
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 5,104-square-foot quadplex, built in 1920, is offered in an as-is package sale with 33 N Tucker St. Leases are in place across the four units, with stated terms of one to two years; the fourth unit has a two-year lease.
The property is in Memphis’s Midtown area. The Shell, Brooks Museum, Overton Park golf, and the zoo are each described as a five-minute bike ride away.
The property is in Memphis’s Midtown area. The Shell, Brooks Museum, Overton Park golf, and the zoo are each described as a five-minute bike ride away.
Key Highlights
- Four residential units
- 5,104 square feet; built in 1920
- Leases in place with stated terms of 1–2 years; Unit 4 has a 2‑year lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,044
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,880
$860.9K
Cap Rate 7%
$614,914
$614.9K
Cap Rate 9%
$478,267
$478.3K
Market Conditions
NOI Build-Up for 5,104 SF
Gross rent
$65.5K $12.84/SF
− Vacancy
−$4.0K −$0.79/SF
EGI
$61.5K $12.05/SF
− OpEx
−$18.4K −$3.61/SF
NOI
$43.0K $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%
$860,880
Cap Rate 7%
$614,914
Cap Rate 9%
$478,267
Alternative Uses
Best Use
Multifamily LT 5
$614.9K
$538.1K – $717.4K
NOI $43,044 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$544.4K
$476.4K – $635.2K
NOI $38,111 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,592 @ 7.0% cap · market cap 16.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,442
Businesses Nearby
Explore this area
Business Placement
Demographics for 38104, TN
22,584
Population
14,315
Households
1.6
Avg Household Size
38
Median Age
52%
College-Educated
93%
High-School Grad
5.0 sq mi
ZIP Area
4,517
Density / Sq Mi
$56,452
Median Household Income
$48,300
Median Earnings
$1,073
Median Rent
$301,100
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?
Quadplex - All four residences have leases in place, with terms ranging from one to two years.
Where is this quadplex located?
The property is located at 25 N TUCKER St Memphis, TN.
What is the asking price?
The asking price for this property is $642,000.
What are key features of this property?
This property features: Four residential units; 5,104 square feet; built in 1920; Leases in place with stated terms of 1–2 years; Unit 4 has a 2‑year lease
