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Fully Occupied Duplex Investment

319 WAYNE Ave Ripley, TN 38063

319 WAYNE Ave, Ripley, TN, 38063
$75,000
For Sale
$75,000

MULTI_FAMILY - Ripley, TN

Property Size1,056 SF
Price / SF$71.02
Days on Market103

Property Features for 319 WAYNE Ave

General Information

Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1
Standard status
Active
Size
1,056 SF

Taxes and HOA fees

Tax Annual Amount
412

Building Details

Year built
1981
Architectural style
Other
Listing Agency Unique Properties
329 Cleveland St., Ripley, TN
Listed by Emma Simpson
Added: Apr 8 Checked: Jul 19 at 5:06 pm
MLS# 10218774 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 fully occupied duplex consists of two separate units, each laid out for everyday living with 1 bedroom, 1 bathroom, a kitchen, a living area, and a dedicated laundry room. The property is positioned on a large lot, supporting a straightforward residential income setup for an owner-operator or investor.

The duplex is located at 319 WAYNE Ave in Ripley, Tennessee, within Lauderdale County (ZIP 38063). The offering is described as having 100% occupancy from day one.

For buyers seeking a manageable multifamily product, this configuration provides two self-contained residences with similar unit amenities, which can simplify leasing and day-to-day operations. As presented, the property is ready for ownership with tenants already in place, and it may appeal to investors looking for a property that is generating rent at the time of sale.

Key Highlights

  • Fully occupied duplex built in 1981 with 2 units
  • Each unit offers 1 bedroom, 1 bathroom, plus kitchen, living area, and a laundry room
  • 100% occupancy reported

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Building Supply HVAC Service Auto Repair Shop Hair Salon Grocery & Convenience Store Restaurant Skin Care Clinic Bakery Garden Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - A fully occupied duplex offering two 1-bedroom, 1-bath units with kitchens, living areas, and laundry rooms.
Where is this duplex located?
The property is located at 319 WAYNE Ave Ripley, TN.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: Fully occupied duplex built in 1981 with 2 units; Each unit offers 1 bedroom, 1 bathroom, plus kitchen, living area, and a laundry room; 100% occupancy reported
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