Memphis Duplex: Investment
3255 MACON Rd, Memphis, TN 38122
- Added:
- Nov 7, 2025
- Days on Market:
- 208
- Last Refresh:
- Jun 3 at 8:06 am
Property Features for 3255 MACON Rd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1
- Standard status
- Active
- Size
- 1,295 SF
Taxes and HOA fees
- Tax Annual Amount
- 426
Building Details
- Year built
- 1941
- Architectural style
- Other
Listing agent Michael Valenza (901) 335-7878
Listing office eXp Realty, LLC 3401 Mallory Lane #100, Nashville, TN (888) 519-5113
Listing date Nov 7, 2025
MLS# 10209328
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
- Duplex: Offers two separate rental units.
- Strong rental income: Currently generating $1350/month from both units.
- Solid cash flow: Ideal for investors seeking consistent returns.
- Professionally managed: Ready to generate income from day one with existing management.
- Updated units: Both units have been recently updated.
- Two units are already rented: One unit is 2 bed/1 bath and the other is 1 bed/1 bath.
Overview
This well-maintained duplex in Memphis presents an investment opportunity in a strong rental area. The property features two separate units. One unit includes two bedrooms and one bath, currently rented for $775 per month. The second unit offers one bedroom and one bath, rented at $575 per month. Both units have been recently updated. The property, totaling 1295 square feet, is professionally managed and intended to generate income.
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 | $16.6k | $12.84 |
| − Vacancy | −$1.0k | −$0.79 |
| EGI | $15.6k | $12.05 |
| − OpEx | −$4.7k | −$3.61 |
| NOI | $10.9k | $8.43 |
1,295 SF · lease $12.84/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$156.0K
$136.5K – $182.0K
NOI $10,921 @ 7.0% cap · market cap 8.09%
Second Best
Apartment 5plus
$138.1K
$120.9K – $161.2K
NOI $9,670 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$382.7K
$334.9K – $446.5K
NOI $26,791 @ 7.0% cap · market cap 19.85%
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
- -89.952099
- Latitude
- 35.163556
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained duplex in Memphis, generating solid cash flow.
Where is this duplex located?
The property is located at 3255 MACON Rd Memphis, TN.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Duplex: Offers two separate rental units.; Strong rental income: Currently generating $1350/month from both units.; Solid cash flow: Ideal for investors seeking consistent returns.
