Updated Duplex in Eastern
3176 YALE Ave Memphis, TN 38112
3176 YALE Ave, Memphis, TN, 38112
$165,000
For Sale
$165,000
MULTI_FAMILY - Memphis, TN
Property Size1,650 SF
Price / SF$100
Days on Market121
Property Features for 3176 YALE Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 5
- 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
7540 North Street, Germantown, TN
Listed by
Raven Henderson · License #348549
(901) 605-2218
Added: Mar 22 Checked: Jul 20 at 9:06 am
MLS# 10217394
Listing URL
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 updated duplex is located in the Eastern Heights neighborhood of Memphis, TN, within the 38112 postal code. Situated in the heart of the Binghampton Redevelopment District, the property is approximately 8 minutes from Midtown and 13 minutes from Downtown Memphis. Each of the two units features 2 bedrooms and 1 bathroom, along with fresh paint and individual driveways. Unit 1 is currently leased at $900 per month through November 30, 2026, while Unit 2 is leased at $795 per month through February 28, 2027. The property is 100% occupied and offers immediate cash flow. The property size is 1650 square feet.
Key Highlights
- Updated duplex built in 1948 with 2 units, each featuring 2 bedrooms and 1 bathroom
- Unit 1 leased for $900/month through 11/30/2026
- Unit 2 leased for $795/month through 2/28/2027
Local 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 | $21.2k | $12.84 |
| − Vacancy | −$1.3k | −$0.79 |
| EGI | $19.9k | $12.05 |
| − OpEx | −$6.0k | −$3.61 |
| NOI | $13.9k | $8.43 |
1,650 SF · lease $12.84/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$198.8K
$173.9K – $231.9K
NOI $13,915 @ 7.0% cap · market cap 8.43%
Second Best
Apartment 5plus
$176.0K
$154.0K – $205.3K
NOI $12,320 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$487.6K
$426.7K – $568.9K
NOI $34,135 @ 7.0% cap · market cap 20.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Recently updated duplex in the Binghampton Redevelopment District.
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 $165,000.
What are key features of this property?
This property features: Updated duplex built in 1948 with 2 units, each featuring 2 bedrooms and 1 bathroom; Unit 1 leased for $900/month through 11/30/2026; Unit 2 leased for $795/month through 2/28/2027
