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Two-Unit Duplex with Vacancy

3038-3040 Sinclair St, Memphis, TN 38127

For Sale
$104,999

One residence is occupied, while the other is vacant and available for a new tenant.

Property Size1,375 SF
Price / SF$76.36
Days on Market50

Property Features for 3038-3040 Sinclair St

General Information

Standard status Active
Size 1,375 SF
Property subtype Multi-Family

Site & Location

Neighborhood Frayser Cdc

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Building Details

Year Built 1961
Tenancy Single
Listing Agency: Sowell, Realtors
Listed By: Joshua Cooper
Source: Bryanrealty
Added: Sep 19 Changed: Nov 6 Last Checked: Nov 6 at 12:49PM

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 Sowell, Realtors

Rey
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Investment Insights

Based on property information with market context.

This duplex contains two residential units, each arranged with two bedrooms and one bathroom. One unit is currently occupied through July 26, 2026, while the other is vacant and can be shown to prospective tenants.

Built in 1961, the property is located at 3038-3040 Sinclair St in Memphis, Tennessee. The two-unit configuration provides an existing occupied residence alongside a vacant unit ready for leasing.

Key Highlights

  • Two‑unit duplex with identical 2‑bedroom, 1‑bath layouts
  • One unit is tenant occupied through July 26, 2026
  • Second unit is vacant and available for a new tenant

Property Analytics

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Lease Details

2
Residential units
Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

202
Businesses Nearby

Demographics for 38127, TN

40,679
Population
17,560
Households
2.3
Avg Household Size
33
Median Age
11%
College-Educated
83%
High-School Grad
37.8 sq mi
ZIP Area
1,076
Density / Sq Mi
$37,768
Median Household Income
$31,790
Median Earnings
$1,104
Median Rent
$82,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Duplexes in Memphis, TN

$106 Jul
$100 Aug
$105 Sep
$107 Oct

Properties on Market for Duplexes in Memphis

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - One residence is occupied, while the other is vacant and available for a new tenant.
Where is this duplex located?
The property is located at 3038-3040 Sinclair St Memphis, TN.
What is the asking price?
The asking price for this property is $104,999.
What are key features of this property?
This property features: Two‑unit duplex with identical 2‑bedroom, 1‑bath layouts; One unit is tenant occupied through July 26, 2026; Second unit is vacant and available for a new tenant
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