New Construction Two-Unit
New
For Sale
$269,900
3074 WAYNOKA Ave, Memphis, TN 38111
MULTI_FAMILY - Memphis, TN
Property Size1,738 SF
Price / SF$155.29
Days on Market2
Property Features for 3074 WAYNOKA Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3, 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 30
Changed: Jul 31
Last Checked: Jul 31 at 6:06PM
MLS# 10227272
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.
New construction two-unit duplex at 3074 Waynoka Ave in Memphis, TN 38111, currently under construction with an anticipated 2026 year built. The property is configured as two separate units, with each side offering two bedrooms and one bathroom.
Interior finishes include durable LVP flooring, granite countertops, and thoughtfully selected bathroom vanities on both sides. The unit layout supports a range of resident uses, including owner-occupancy with a second unit, as well as tenant occupancy for rental households.
The duplex totals 1,738 square feet and includes four bedrooms and two bathrooms across the property, with each unit having its own bedroom and bathroom arrangement.
Interior finishes include durable LVP flooring, granite countertops, and thoughtfully selected bathroom vanities on both sides. The unit layout supports a range of resident uses, including owner-occupancy with a second unit, as well as tenant occupancy for rental households.
The duplex totals 1,738 square feet and includes four bedrooms and two bathrooms across the property, with each unit having its own bedroom and bathroom arrangement.
Key Highlights
- Under‑construction duplex at 3074 Waynoka Ave, Memphis, TN 38111
- Two units, each with 2 bedrooms and 1 bathroom
- 2026 year built
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.3k | $12.84 |
| − Vacancy | −$1.4k | −$0.79 |
| EGI | $20.9k | $12.05 |
| − OpEx | −$6.3k | −$3.61 |
| NOI | $14.7k | $8.43 |
1,738 SF · lease $12.84/SF/yr · vacancy 6.17% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Under-construction duplex with two units, each featuring two bedrooms and one bathroom, with modern interior finishes.
Where is this duplex located?
The property is located at 3074 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: Under‑construction duplex at 3074 Waynoka Ave, Memphis, TN 38111; Two units, each with 2 bedrooms and 1 bathroom; 2026 year built
