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Traditional Duplex Property
New
For Sale
$104,999

3038-3040 SINCLAIR St, Memphis, TN 38127

Duplexes, Traditional, Memphis, TN

Property Size1,375 SF
Price / SF$76.36
Days on Market2

Property Features for 3038-3040 SINCLAIR St

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 4, Bedroom 3
Subdivision JEFFERSON PARK BLK 8
Standard status Active
Size 1,375 SF

Taxes and HOA fees

Tax Annual Amount 1414

Building Details

Year built 1961
Architectural style Other
Listing Agency: Sowell, Realtors
Listed By: Joshua Cooper
Added: Sep 21 Last Checked: Sep 22 at 7:06PM
MLS# 10230817

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.

This traditional duplex contains two residential units, each configured with 2 bedrooms and 1 bathroom. The property totals 1,375 square feet and was built in 1961, providing a compact two-unit residential income configuration.

One unit at 3038 Sinclair is occupied under a lease at $725 per month through July 26th, 2026. The second unit at 3040 Sinclair is vacant and available to be shown for leasing.

Key Highlights

  • Two‑unit duplex with 2 bedrooms and 1 bathroom in each unit
  • 1,375 square feet of total property size
  • Built in 1961

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon HVAC Service Nail Salon Building Supply

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

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

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 separate residences offer a two-bedroom, one-bathroom layout in each unit, with one unit available for occupancy.
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 2 bedrooms and 1 bathroom in each unit; 1,375 square feet of total property size; Built in 1961
More about this property
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