Building Details

Year Built 1949

Listing Agency: CrestCore Realty MphsBrokerage Show Phone

Listed By: Dean Harris

Source: Bryanrealty

Added: Jul 31 Changed: Aug 30 Last Checked: Aug 30 at 7:29PM

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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 CrestCore Realty MphsBrokerage

Investment Insights

Based on property information with market context.

This duplex in Memphis contains four bedrooms and two bathrooms across its two residential units. Built in 1949, the property is currently occupied, with separate lease terms extending through July 31, 2026, and February 28, 2027.

Located at 2641 Tutwiler Ave in the 38112 area of Memphis, the property offers an existing residential income configuration with both units leased. Showings are available only after an accepted offer.

Key Highlights

• Duplex with 4 bedrooms and 2 bathrooms
• Both units are occupied under separate leases
• One lease ends 7/31/2026

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Skin Care Clinic Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

748

Businesses Nearby

Explore this area Business Placement

Demographics for 38112, TN

16,970

Population

7,425

Households

2.3

Avg Household Size

32

Median Age

38%

College-Educated

85%

High-School Grad

4.8 sq mi

ZIP Area

3,535

Density / Sq Mi

$52,639

Median Household Income

$29,576

Median Earnings

$969

Median Rent

$206,900

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two residential units are currently occupied under leases extending into 2026 and 2027.

Where is this duplex located?

The property is located at 2641 Tutwiler Ave Memphis, TN.

What is the asking price?

The asking price for this property is $159,900.

What are key features of this property?

This property features: Duplex with 4 bedrooms and 2 bathrooms; Both units are occupied under separate leases; One lease ends 7/31/2026