Updated Duplex with Two-Bedroom
For Sale
$163,000
3176 YALE Ave, Memphis, TN 38112
Duplexes, Traditional, Memphis, TN
Property Size1,650 SF
Price / SF$98.79
Days on Market211
Property Features for 3176 YALE Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bedroom 6, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 1
Subdivision
EASTERN HEIGHTS SUBDIVISION BLK L
Standard status
Active
Size
1,650 SF
Taxes and HOA fees
Tax Annual Amount
1599
Building Details
Year built
1948
Architectural style
Other
Listing Agency:
KAIZEN Realty, LLC
(901) 221-4041
Listed By:
Raven Henderson
(901) 605-2218
Added: Mar 22
Changed: Oct 17
Last Checked: Oct 18 at 8:06PM
MLS# 10217394
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.
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Investment Insights
Based on property information with market context.
This 1,650-square-foot duplex was built in 1948 and has been recently updated with fresh paint and additional improvements. Both residences feature a two-bedroom, one-bathroom layout, while separate driveways provide individual off-street access.
The property is located at 3176 Yale Ave in Memphis, Tennessee 38112. It is currently 100% occupied, with Unit 1 leased through 11/30/2026 and Unit 2 leased through 2/28/27. The address is approximately 8 minutes from Midtown and 13 minutes from Downtown Memphis, and falls within the Binghampton Redevelopment District.
The property is located at 3176 Yale Ave in Memphis, Tennessee 38112. It is currently 100% occupied, with Unit 1 leased through 11/30/2026 and Unit 2 leased through 2/28/27. The address is approximately 8 minutes from Midtown and 13 minutes from Downtown Memphis, and falls within the Binghampton Redevelopment District.
Key Highlights
- 1,650‑square‑foot duplex at 3176 Yale Ave, Memphis, TN 38112
- Two‑bedroom, one‑bathroom layout in each unit
- Recently updated with fresh paint and additional improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,915
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,300
$278.3K
Cap Rate 7%
$198,786
$198.8K
Cap Rate 9%
$154,611
$154.6K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$21.2K $12.84/SF
− Vacancy
−$1.3K −$0.79/SF
EGI
$19.9K $12.05/SF
− OpEx
−$6.0K −$3.61/SF
NOI
$13.9K $8.43/SF
Area
Memphis, TN
Vacancy
6.17%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,300
Cap Rate 7%
$198,786
Cap Rate 9%
$154,611
Alternative Uses
Best Use
Multifamily LT 5
$198.8K
$173.9K – $231.9K
NOI $13,915 @ 7.0% cap · market cap 8.54%
Second Best
Apartment 5plus
$176.0K
$154.0K – $205.3K
NOI $12,320 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$487.6K
$426.7K – $568.9K
NOI $34,135 @ 7.0% cap · market cap 20.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
716
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Recently updated two-unit property with two bedrooms, one bathroom, and a private driveway serving each residence.
Where is this duplex located?
The property is located at 3176 YALE Ave Memphis, TN.
What is the asking price?
The asking price for this property is $163,000.
What are key features of this property?
This property features: 1,650‑square‑foot duplex at 3176 Yale Ave, Memphis, TN 38112; Two‑bedroom, one‑bathroom layout in each unit; Recently updated with fresh paint and additional improvements
