Remodeled Duplex with Airbnb
2552 EVERETT Ave Memphis, TN 38112
2552 EVERETT Ave, Memphis, TN, 38112
$259,000
For Sale
$259,000
MULTI_FAMILY - Memphis, TN
Property Size1,680 SF
Price / SF$154.17
Days on Market87
Property Features for 2552 EVERETT Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3
- Standard status
- Active
- Size
- 1,680 SF
Taxes and HOA fees
- Tax Annual Amount
- 1259
Building Details
- Year built
- 1969
- Architectural style
- Other
Listing Agency
Fast Track Realty, LLC
(901) 767-8770
1045 S Yates, Memphis, TN
Listed by
Cesar Lara
(901) 246-5634
Added: Apr 25 Updated: Jul 19 at 8:38 am Checked: Jul 20 at 3:06 pm
MLS# 10220195
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 fully remodeled duplex includes two units updated throughout with modern finishes and is described as move-in ready. The property was previously operated as furnished short-term rentals, with both units used as Airbnbs that performed well. Set up to support multiple strategies, it can be used for house-hacking by living in one side while renting the other, or continued as income-producing short-term rentals.
Located at 2552 Everett Ave in Memphis, TN 38112 (Shelby County), the property is positioned near Midtown and close to Overton Park, the Memphis Zoo, restaurants, and shopping. The configuration and furnishings support a straightforward transition for an owner-occupant or a continuing rental operation.
Located at 2552 Everett Ave in Memphis, TN 38112 (Shelby County), the property is positioned near Midtown and close to Overton Park, the Memphis Zoo, restaurants, and shopping. The configuration and furnishings support a straightforward transition for an owner-occupant or a continuing rental operation.
Key Highlights
- Fully remodeled duplex built in 1969 with updated finishes throughout
- Both units previously used as furnished Airbnbs with established short‑term rental performance
- Flexible living or investment setup: live in one side and rent the other, or keep both as income properties
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 | $21.6k | $12.84 |
| − Vacancy | −$1.3k | −$0.79 |
| EGI | $20.2k | $12.05 |
| − OpEx | −$6.1k | −$3.61 |
| NOI | $14.2k | $8.43 |
1,680 SF · lease $12.84/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$202.4K
$177.1K – $236.1K
NOI $14,168 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$179.2K
$156.8K – $209.1K
NOI $12,544 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$496.5K
$434.5K – $579.3K
NOI $34,756 @ 7.0% cap · market cap 13.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Fully remodeled duplex with two furnished units previously used as successful Airbnbs and ready for income or occupancy.
Where is this duplex located?
The property is located at 2552 EVERETT Ave Memphis, TN.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Fully remodeled duplex built in 1969 with updated finishes throughout; Both units previously used as furnished Airbnbs with established short‑term rental performance; Flexible living or investment setup: live in one side and rent the other, or keep both as income properties
