Duplex with Garage
For Sale
$575,000
289 KENILWORTH Pl, Memphis, TN 38112
Duplexes, Traditional, Memphis, TN
Property Size3,576 SF
Price / SF$160.79
Days on Market50
Property Features for 289 KENILWORTH Pl
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 6, Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 2
Subdivision
KENILWORTH TER
Standard status
Active
Size
3,576 SF
Taxes and HOA fees
Tax Annual Amount
3297
Amenities
separate laundry rooms
Building Details
Year built
1920
Architectural style
Other
Buildings
2
Listing Agency:
Crye-Leike, Inc., REALTORS
(901) 756-8900
Listed By:
Bill Malone
(901) 359-4000
Added: Sep 11
Changed: Oct 29
Last Checked: Oct 30 at 2:06AM
MLS# 10230291
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 3,576-square-foot duplex, built in 1920, contains two three-bedroom units. The lower residence has two bathrooms, while the upper unit has one. Each unit includes a separate laundry room inside the residence, and the appliances remain with the property in as-is condition.
A detached two-car garage has an attached apartment or office, most recently used as office space. Overton Park is on the same street. The upper unit is scheduled to become available December 1, 2026.
A detached two-car garage has an attached apartment or office, most recently used as office space. Overton Park is on the same street. The upper unit is scheduled to become available December 1, 2026.
Key Highlights
- 3,576‑square‑foot duplex built in 1920
- Two three‑bedroom units: lower unit has 2 bathrooms; upper unit has 1
- Separate interior laundry room in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,158
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$603,160
$603.2K
Cap Rate 7%
$430,829
$430.8K
Cap Rate 9%
$335,089
$335.1K
Market Conditions
NOI Build-Up for 3,576 SF
Gross rent
$45.9K $12.84/SF
− Vacancy
−$2.8K −$0.79/SF
EGI
$43.1K $12.05/SF
− OpEx
−$12.9K −$3.61/SF
NOI
$30.2K $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%
$603,160
Cap Rate 7%
$430,829
Cap Rate 9%
$335,089
Alternative Uses
Best Use
Multifamily LT 5
$430.8K
$377.0K – $502.6K
NOI $30,158 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$381.5K
$333.8K – $445.0K
NOI $26,702 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$1.06M
$924.8K – $1.23M
NOI $73,980 @ 7.0% cap · market cap 12.87%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
815
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own interior laundry room, with a detached garage and attached office space also on site.
Where is this duplex located?
The property is located at 289 KENILWORTH Pl Memphis, TN.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 3,576‑square‑foot duplex built in 1920; Two three‑bedroom units: lower unit has 2 bathrooms; upper unit has 1; Separate interior laundry room in each residence
