New Construction
New
For Sale
$269,900
3025 Waynoka Ave, Memphis, TN 38111
Two matching residences feature modern finishes and a two-bedroom, one-bathroom layout on each side.
Property Size1,738 SF
Price / SF$155.29
Days on Market1
Property Features for 3025 Waynoka Ave
General Information
Standard status
Active
Size
1,738 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
2026
Listing Agency:
Emmett Baird Realty, LLC
Listed By:
Stacia Rosatti
(901) 270-9019
Source:
Staciarosatti
Added: Oct 19
Last Checked: Oct 19 at 2:12PM
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 Emmett Baird Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2026, this duplex contains two units, each with 2 bedrooms and 1 bathroom. Across 1,738 square feet, the interiors feature LVP flooring, granite countertops, and updated bathroom vanities.
The property is located at 3025 Waynoka Ave in Memphis, Tennessee.
The property is located at 3025 Waynoka Ave in Memphis, Tennessee.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,738 square feet of building area
- Built in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,657
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,140
$293.1K
Cap Rate 7%
$209,386
$209.4K
Cap Rate 9%
$162,856
$162.9K
Market Conditions
NOI Build-Up for 1,738 SF
Gross rent
$22.3K $12.84/SF
− Vacancy
−$1.4K −$0.79/SF
EGI
$20.9K $12.05/SF
− OpEx
−$6.3K −$3.61/SF
NOI
$14.7K $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%
$293,140
Cap Rate 7%
$209,386
Cap Rate 9%
$162,856
Alternative Uses
Best Use
Multifamily LT 5
$209.4K
$183.2K – $244.3K
NOI $14,657 @ 7.0% cap · market cap 5.43%
Second Best
Apartment 5plus
$185.4K
$162.2K – $216.3K
NOI $12,977 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$513.7K
$449.5K – $599.3K
NOI $35,956 @ 7.0% cap · market cap 13.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
799
Businesses Nearby
Explore this area
Business Placement
Demographics for 38111, TN
40,533
Population
20,084
Households
2
Avg Household Size
34
Median Age
38%
College-Educated
89%
High-School Grad
9.8 sq mi
ZIP Area
4,136
Density / Sq Mi
$52,806
Median Household Income
$33,449
Median Earnings
$1,077
Median Rent
$165,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences feature modern finishes and a two-bedroom, one-bathroom layout on each side.
Where is this duplex located?
The property is located at 3025 Waynoka Ave Memphis, TN.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,738 square feet of building area; Built in 2026
