Well-Maintained Duplex Near Chickasaw
339 MARIANNA St Memphis, TN 38111
339 MARIANNA St, Memphis, TN, 38111
$460,000
For Sale
$460,000
MULTI_FAMILY - Memphis, TN
Property Size2,738 SF
Price / SF$168.01
Days on Market384
Property Features for 339 MARIANNA St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 3
- Standard status
- Active
- Size
- 2,738 SF
Taxes and HOA fees
- Tax Annual Amount
- 1265
Building Details
- Year built
- 1964
- Architectural style
- Contemporary
Listing Agency
Weichert, REALTORS-BenchMark
(901) 202-2000
3263 E Sarazens Circle, Cordova, TN
Listed by
Bobbie Wright
(901) 299-6819
Added: Jul 2, 2025 Updated: Jul 19 at 8:38 am Checked: Jul 20 at 11:06 pm
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.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Well‑maintained 2‑unit duplex built in 1964 with 2 BR and 1.5 BA on each side
- Currently 100% leased
- Parking is in the rear
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
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 built in 1964 with 2 BR and 1.5 BA on each side; Currently 100% leased; Parking is in the rear
