Well-Maintained Duplex Near Chickasaw
339 MARIANNA St, Memphis, TN 38111
- Added:
- Jul 2, 2025
- Days on Market:
- 337
- Last Refresh:
- Jun 3 at 8:06 am
Property Features for 339 MARIANNA St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 4, Bathroom 1, Bedroom 4
- Standard status
- Active
- Size
- 2,738 SF
Taxes and HOA fees
- Tax Annual Amount
- 1265
Building Details
- Year built
- 1964
- Architectural style
- Contemporary
Listing agent Bobbie Wright (901) 299-6819
Listing office Weichert, REALTORS-BenchMark 3263 E Sarazens Circle, Cordova, TN (901) 202-2000
Listing date Jul 2, 2025
MLS# 10200450
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
- Well‑maintained 2‑unit duplex, ideal for owner‑occupancy, multi‑generational living, or investment.
- Prime location near Chickasaw Garden Park and convenient to CBU & UofM.
- New roof, new fence, and new hot water heater.
- Each unit features 2 bedrooms and 1.5 bathrooms.
- Currently 100% leased.
- Located on a non‑through street with a Neighborhood Watch.
Overview
This well-maintained two-unit duplex features two bedrooms and one and a half bathrooms on each side. The property is located in a prime location near Chickasaw Garden Park and between Christian Brothers University (CBU) and the University of Memphis (UofM). It is suitable for owner-occupants, multi-generational living, or investment purposes. Marianna Street is not a through street, contributing to a neighborhood watch environment. Parking is located in the rear. The property has a new roof, new fence, and new hot water heater. It is currently 100% leased. The property size is 2738 square feet.
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 | $35.2k | $12.84 |
| − Vacancy | −$2.2k | −$0.79 |
| EGI | $33.0k | $12.05 |
| − OpEx | −$9.9k | −$3.61 |
| NOI | $23.1k | $8.43 |
2,738 SF · lease $12.84/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$329.9K
$288.6K – $384.9K
NOI $23,091 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$292.1K
$255.6K – $340.7K
NOI $20,444 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$809.2K
$708.1K – $944.1K
NOI $56,644 @ 7.0% cap · market cap 12.31%
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
- -89.970698
- Latitude
- 35.122811
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-unit duplex near Chickasaw Garden Park, ideal for owner-occupants or investors.
Where is this duplex located?
The property is located at 339 MARIANNA St Memphis, TN.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Well‑maintained 2‑unit duplex, ideal for owner‑occupancy, multi‑generational living, or investment.; Prime location near Chickasaw Garden Park and convenient to CBU & UofM.; New roof, new fence, and new hot water heater.
