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Corner-Lot Duplex
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3134 Monterrey Square, Memphis, TN 38111

Two-unit property with one occupied side and one vacant side.

Property Size2,585 SF
Price / SF$42.55
Days on Market137

Property Features for 3134 Monterrey Square

General Information

Standard status Active
Size 2,585 SF
Property subtype Multifamily
Occupancy 50%

Property Condition

Severity Repairs Needed
Evidence rehabbed

Additional Details

Multifamily Units 2

Amenities

central heat and air

Building Details

Buildings 1
Listing Agency: Crye-Leike, Inc., REALTORS
Listed By: Tyler Tapley · License #TN 296080
Source: Crexi
Added: Apr 17 Changed: Aug 30 Last Checked: Aug 30 at 1:23PM

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 Crye-Leike, Inc., REALTORS

Investment Insights

Based on property information with market context.

Located at 3134 Monterrey Square in Memphis, Tennessee, this 2,585-square-foot duplex offers two separate residential units on a corner lot. One unit is occupied, while the other is vacant, creating a mixed-occupancy configuration for the next owner. Central heat and air serve the property, and professional management is in place.

The property is within the 38111 ZIP code. The occupied unit is positioned on the right side of the building, with the vacant unit on the left.

Key Highlights

  • 2,585‑square‑foot duplex on a corner lot
  • One unit occupied and one unit vacant
  • Central heat and air

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply Big Box & Wholesale Store HVAC Service Skin Care Clinic

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

488
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit property with one occupied side and one vacant side.
Where is this duplex located?
The property is located at 3134 Monterrey Square Memphis, TN.
What is the asking price?
The asking price for this property is $110,000.
What are key features of this property?
This property features: 2,585‑square‑foot duplex on a corner lot; One unit occupied and one unit vacant; Central heat and air
(901) 871-1290 Call to check price and availability
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