Renovated
3045 Allison, Memphis, TN 38112
For Sale
$158,270
The 1,779-square-foot property is currently leased on a month-to-month basis.
Property Size1,779 SF
Price / SF$88.97
Days on Market291
Property Features for 3045 Allison
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Stories
Listing Agency:
Keller Williams
(901) 221-5100
Listed By:
Caleb Hall
(901) 550-9021
Source:
Assuredrealestate
Added: Jan 21
Changed: Nov 2
Last Checked: Nov 7 at 3:57AM
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 Keller Williams
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.
This renovated duplex contains 1,779 square feet and was built in 1973. It has active month-to-month leases and is offered as part of a 103-home package.
Key Highlights
- 1,779 square feet of building area
- Renovated property with active month‑to‑month leases
- Built in 1973
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,284
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,680
$265.7K
Cap Rate 7%
$189,771
$189.8K
Cap Rate 9%
$147,600
$147.6K
Market Conditions
NOI Build-Up for 1,779 SF
Gross rent
$25.8K $14.52/SF
− Vacancy
−$1.7K −$0.94/SF
EGI
$24.2K $13.58/SF
− OpEx
−$10.9K −$6.11/SF
NOI
$13.3K $7.47/SF
Area
Memphis, TN
Vacancy
6.50%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,680
Cap Rate 7%
$189,771
Cap Rate 9%
$147,600
Alternative Uses
Best Use
Multifamily LT 5
$214.3K
$187.5K – $250.1K
NOI $15,003 @ 7.0% cap · market cap 9.48%
Second Best
Apartment 5plus
$189.8K
$166.1K – $221.4K
NOI $13,284 @ 7.0% cap · market cap 8.39%
Theoretical Best
Office A
$525.8K
$460.1K – $613.4K
NOI $36,804 @ 7.0% cap · market cap 23.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
Explore this area
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
$206,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Memphis, TN
Properties on Market for Duplexes in Memphis
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The 1,779-square-foot property is currently leased on a month-to-month basis.
Where is this duplex located?
The property is located at 3045 Allison Memphis, TN.
What is the asking price?
The asking price for this property is $158,270.
What are key features of this property?
This property features: 1,779 square feet of building area; Renovated property with active month‑to‑month leases; Built in 1973
