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Duplex with Leased Units
For Sale
$159,900

3213 FOREST BROOK Dr, Memphis, TN 38118

Duplexes, Traditional, Memphis, TN

Property Size2,416 SF
Price / SF$66.18
Days on Market22

Property Features for 3213 FOREST BROOK Dr

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 6
Bathrooms 4
Full bathrooms 2
Half bathrooms 2
Rooms Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 4, Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 3
Subdivision KNIGHTWOODS
Standard status Active
Size 2,416 SF

Taxes and HOA fees

Tax Annual Amount 1439

Building Details

Year built 1968
Architectural style Other
Listing Agency: Reedy & Company, REALTORS
Listed By: Alex Evans
Added: Aug 4 Changed: Aug 24 Last Checked: Aug 25 at 5:06PM
MLS# 10227590

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 2,416-square-foot duplex, built in 1968, contains two residential units with six bedrooms and four bathrooms identified in the property record. Both units are occupied under leases, providing an existing rental arrangement for the next owner.

The property is located at 3213 Forest Brook Dr in Memphis, Tennessee, within ZIP Code 38118. Reedy and Company is in place for property management. The current lease terms extend through May 31, 2027, for one unit and October 31, 2026, for the other.

Key Highlights

  • 2,416‑square‑foot duplex built in 1968
  • Two occupied units with leases in place
  • One lease runs through 5/31/2027

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency (Bike/Boat/Book/etc) Store Catering Service Gym & Fitness Center

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
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

422
Businesses Nearby

Demographics for 38118, TN

39,627
Population
16,317
Households
2.4
Avg Household Size
32
Median Age
12%
College-Educated
79%
High-School Grad
30.5 sq mi
ZIP Area
1,299
Density / Sq Mi
$42,464
Median Household Income
$30,431
Median Earnings
$1,105
Median Rent
$95,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Duplex - Both residences are occupied under leases, with third-party management already in place.
Where is this duplex located?
The property is located at 3213 FOREST BROOK Dr Memphis, TN.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: 2,416‑square‑foot duplex built in 1968; Two occupied units with leases in place; One lease runs through 5/31/2027
More about this property
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