2-Unit Duplex with LVP
For Sale
$269,900
3025 WAYNOKA Ave, Memphis, TN 38111
Duplexes, Memphis, TN
Property Size1,738 SF
Price / SF$155.29
Days on Market102
Property Features for 3025 WAYNOKA Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4
Subdivision
EAST COVE
Standard status
Active
Size
1,738 SF
Taxes and HOA fees
Tax Annual Amount
74
Building Details
Year built
2026
Listing Agency:
KAIZEN Realty, LLC
(901) 221-4041
Listed By:
Joshua Moss · License #341627
(901) 590-8636
Added: Jul 6
Changed: Oct 14
Last Checked: Oct 15 at 1:06PM
MLS# 10225501
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.
Under construction at 3025 Waynoka Ave, this 1,738-square-foot duplex is planned with two residences, each containing two bedrooms and one bathroom. LVP flooring, granite countertops, and selected bathroom vanities are specified for both units. The listed year built is 2026.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,738 square feet
- LVP flooring and granite countertops in both units
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
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences include granite countertops and updated bathroom vanities.
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 residences, each with 2 bedrooms and 1 bathroom; 1,738 square feet; LVP flooring and granite countertops in both units
