Brick
2606 Deadrick Ave, Memphis, TN 38114
For Sale
$95,000
Two-unit residential income property with one-bedroom, one-bath layouts on each side.
Property Size919 SF
Price / SF$103.37
Days on Market53
Property Features for 2606 Deadrick Ave
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Construction
Tenancy
Listing Agency:
Bryan Realty Group
Listed By:
The Eric Crutcher Sales Team
(901) 212-2414
Source:
Doorstep-realty
Added: Sep 16
Changed: Nov 6
Last Checked: Nov 6 at 8:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bryan Realty Group
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Investment Insights
Based on property information with market context.
This brick duplex contains two residential units, with each side configured as a one-bedroom, one-bath residence. The property was built in 1970 and offers an established small-scale multifamily format at 2606 Deadrick Ave in Memphis, Tennessee.
Key Highlights
- Two‑unit duplex configuration
- Each side includes 1 bedroom and 1 bathroom
- Brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,750
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$155,000
$155.0K
Cap Rate 7%
$110,714
$110.7K
Cap Rate 9%
$86,111
$86.1K
Market Conditions
NOI Build-Up for 919 SF
Gross rent
$11.8K $12.84/SF
− Vacancy
−$728 −$0.79/SF
EGI
$11.1K $12.05/SF
− OpEx
−$3.3K −$3.61/SF
NOI
$7.8K $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%
$155,000
Cap Rate 7%
$110,714
Cap Rate 9%
$86,111
Alternative Uses
Best Use
Multifamily LT 5
$110.7K
$96.9K – $129.2K
NOI $7,750 @ 7.0% cap · market cap 8.16%
Second Best
Apartment 5plus
$98.0K
$85.8K – $114.4K
NOI $6,862 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$271.6K
$237.7K – $316.9K
NOI $19,012 @ 7.0% cap · market cap 20.01%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
564
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
$79,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Memphis, TN
Properties on Market for Duplexes in Memphis
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property with one-bedroom, one-bath layouts on each side.
Where is this duplex located?
The property is located at 2606 Deadrick Ave Memphis, TN.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; Each side includes 1 bedroom and 1 bathroom; Brick construction
