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Fully Occupied Two-Unit Duplex
For Sale
$75,000

319 WAYNE Ave, Ripley, TN 38063

Duplexes, Traditional, Ripley, TN

Property Size1,056 SF
Price / SF$71.02
Days on Market150

Property Features for 319 WAYNE Ave

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 2
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 2, Bathroom 1, 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
Listed By: Emma Simpson
Added: Apr 8 Changed: Sep 2 Last Checked: Sep 4 at 4:06PM
MLS# 10218774

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 two-unit residential property contains 1,056 square feet and was built in 1981. Each side provides one bedroom, one bathroom, a kitchen, living space, and a laundry room, creating a consistent layout across both residences. The property is currently fully occupied, with reported occupancy at 100%.

Situated at 319 Wayne Ave in Ripley, Tennessee, the duplex also sits on a large lot. The configuration combines two matching one-bedroom residences with established occupancy in a single building.

Key Highlights

  • Two‑unit duplex with 1,056 square feet
  • Both units have 1 bedroom and 1 bathroom
  • Each residence includes kitchen, living, and laundry areas

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Building Supply HVAC Service Auto Repair Shop Hair Salon Grocery & Convenience Store

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
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

79
Businesses Nearby

Demographics for 38063, TN

16,033
Population
7,070
Households
2.3
Avg Household Size
40
Median Age
13%
College-Educated
84%
High-School Grad
285.2 sq mi
ZIP Area
56
Density / Sq Mi
$48,578
Median Household Income
$37,121
Median Earnings
$731
Median Rent
$137,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Duplex - Each residence offers one bedroom, one bathroom, kitchen, living, and laundry areas.
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: Two‑unit duplex with 1,056 square feet; Both units have 1 bedroom and 1 bathroom; Each residence includes kitchen, living, and laundry areas
More about this property
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