Four-Unit Multifamily
New
For Sale
$642,000
33 N Tucker St, Memphis, TN 38104
The property is offered as-is alongside 25 N Tucker St in Memphis’s Midtown area.
Property Size5,104 SF
Price / SF$125.78
Days on Market1
Property Features for 33 N Tucker St
General Information
Standard status
Active
Size
5,104 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Midtown Memphis Development Corp.
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Building Details
Year Built
1920
Listing Agency:
Small Town Hunting Properties
Listed By:
Stacia Rosatti
(901) 270-9019
Source:
Staciarosatti
Added: Oct 23
Last Checked: Oct 23 at 5:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Small Town Hunting Properties
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Investment Insights
Based on property information with market context.
This 5,104-square-foot multifamily property at 33 N Tucker St dates to 1920 and is being sold as-is in a package with 25 N Tucker St. The remarks identify four units; lease details and rents are not included here because the supplied information conflicts on those terms.
The property is in Midtown, with the Shell, Brooks Museum, Overton Park and the zoo described as a five-minute bike ride away.
The property is in Midtown, with the Shell, Brooks Museum, Overton Park and the zoo described as a five-minute bike ride away.
Key Highlights
- 5,104‑square‑foot multifamily property built in 1920
- Four units identified in the property information
- Package sale with 25 N Tucker St; offered as‑is
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,111
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,220
$762.2K
Cap Rate 7%
$544,443
$544.4K
Cap Rate 9%
$423,456
$423.5K
Market Conditions
NOI Build-Up for 5,104 SF
Gross rent
$74.1K $14.52/SF
− Vacancy
−$4.8K −$0.94/SF
EGI
$69.3K $13.58/SF
− OpEx
−$31.2K −$6.11/SF
NOI
$38.1K $7.47/SF
Area
Memphis, TN
Vacancy
6.50%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,220
Cap Rate 7%
$544,443
Cap Rate 9%
$423,456
Alternative Uses
Best Use
Apartment 5plus
$544.4K
$476.4K – $635.2K
NOI $38,111 @ 7.0% cap · market cap 5.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,592 @ 7.0% cap · market cap 16.45%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,442
Businesses Nearby
Explore this area
Business Placement
Demographics for 38104, TN
22,584
Population
14,315
Households
1.6
Avg Household Size
38
Median Age
52%
College-Educated
93%
High-School Grad
5.0 sq mi
ZIP Area
4,517
Density / Sq Mi
$56,452
Median Household Income
$48,300
Median Earnings
$1,073
Median Rent
$301,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The property is offered as-is alongside 25 N Tucker St in Memphis’s Midtown area.
Where is this multifamily property located?
The property is located at 33 N Tucker St Memphis, TN.
What is the asking price?
The asking price for this property is $642,000.
What are key features of this property?
This property features: 5,104‑square‑foot multifamily property built in 1920; Four units identified in the property information; Package sale with 25 N Tucker St; offered as‑is
