4-Unit
New
For Sale
$642,000
33 N TUCKER St, Memphis, TN 38104
Multi-Family, Memphis, TN
Property Size5,104 SF
Price / SF$125.78
Days on Market3
Property Features for 33 N TUCKER St
General Information
Property type
Residential Multi Family
Property subtype
Other
Subdivision
THOS WELLFORD
Standard status
Active
Size
5,104 SF
Taxes and HOA fees
Tax Annual Amount
1774
Building Details
Year built
1920
Listing Agency:
Keller Williams · Keller Williams Realty
(901) 261-7900
Listed By:
Tijuana Wallace
(901) 707-9870
Added: Oct 20
Last Checked: Oct 22 at 6:06AM
MLS# 10232850
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1920-built quadplex contains four residential units across 5,104 square feet. The property is being sold together with 25 N Tucker St as a package.
The address is in Memphis, with a five-minute bike ride to the Shell, Brooks Museum, Overton Park, and the zoo, as described in the property information.
The address is in Memphis, with a five-minute bike ride to the Shell, Brooks Museum, Overton Park, and the zoo, as described in the property information.
Key Highlights
- Four residential units
- 5,104 square feet of building area
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,044
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,880
$860.9K
Cap Rate 7%
$614,914
$614.9K
Cap Rate 9%
$478,267
$478.3K
Market Conditions
NOI Build-Up for 5,104 SF
Gross rent
$65.5K $12.84/SF
− Vacancy
−$4.0K −$0.79/SF
EGI
$61.5K $12.05/SF
− OpEx
−$18.4K −$3.61/SF
NOI
$43.0K $8.43/SF
Area
Memphis, TN
Vacancy
6.17%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,880
Cap Rate 7%
$614,914
Cap Rate 9%
$478,267
Alternative Uses
Best Use
Multifamily LT 5
$614.9K
$538.1K – $717.4K
NOI $43,044 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$544.4K
$476.4K – $635.2K
NOI $38,111 @ 7.0% cap · market cap 5.94%
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - The four-unit property is being offered in a package with 25 N Tucker St.
Where is this quadplex 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: Four residential units; 5,104 square feet of building area; Built in 1920
