Updated Duplex in Eastern
3176 YALE Ave, Memphis, TN 38112
- Added:
- Mar 22, 2026
- Days on Market:
- 74
- Last Refresh:
- Jun 3 at 5:06 am
Property Features for 3176 YALE Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 5, Bedroom 1
- Standard status
- Active
- Size
- 1,650 SF
Taxes and HOA fees
- Tax Annual Amount
- 1599
Building Details
- Year built
- 1948
- Architectural style
- Other
Listing agent Raven Henderson License #348549 (901) 605-2218
Listing office KAIZEN Realty, LLC 7540 North Street, Germantown, TN (901) 221-4041
Listing date Mar 22, 2026
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.
HighLights
- 100% Occupied Duplex: Provides immediate cash flow from day one.
- Prime Location: Situated just minutes from Midtown and Downtown Memphis.
- Recently Updated: Fresh paint and updates throughout both units.
- Strong Rental Income: Unit 1 leased at $900/month and Unit 2 leased at $795/month.
- Long‑Term Leases: Leases in place through 2026 and 2027, ensuring stable income.
- Individual Driveways: Each unit has its own driveway.
Overview
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.
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 Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.955283
- Latitude
- 35.142955
Nearby Similar for Sale
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: 100% Occupied Duplex: Provides immediate cash flow from day one.; Prime Location: Situated just minutes from Midtown and Downtown Memphis.; Recently Updated: Fresh paint and updates throughout both units.
