Triplex With Varied Unit
For Sale
$280,000
3569 Douglass Ave, Memphis, TN 38111
Three residential units offer a combination of two-, three-, and one-bedroom layouts in Memphis.
Property Size1,514 SF
Price / SF$184.94
Days on Market141
Property Features for 3569 Douglass Ave
General Information
Standard status
Active
Size
1,514 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Listing Agency:
eXp Realty, LLC
Listed By:
Jason Miller · License #328506
(901) 212-4141
Source:
Exprealty
Added: May 21
Changed: Sep 17
Last Checked: Oct 7 at 1:29PM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This triplex contains three residential units with a varied configuration. The primary residence includes three bedrooms and two bathrooms, while the other units provide two bedrooms and one bathroom, and one bedroom and one bathroom, respectively.
The property is located at 3569 Douglass Ave in Memphis, Tennessee. The differing unit layouts provide a range of residential configurations within one multifamily property.
The property is located at 3569 Douglass Ave in Memphis, Tennessee. The differing unit layouts provide a range of residential configurations within one multifamily property.
Key Highlights
- Three‑unit multifamily property
- Primary unit includes 3 bedrooms and 2 bathrooms
- Second unit offers 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,768
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,360
$255.4K
Cap Rate 7%
$182,400
$182.4K
Cap Rate 9%
$141,867
$141.9K
Market Conditions
NOI Build-Up for 1,514 SF
Gross rent
$19.4K $12.84/SF
− Vacancy
−$1.2K −$0.79/SF
EGI
$18.2K $12.05/SF
− OpEx
−$5.5K −$3.61/SF
NOI
$12.8K $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%
$255,360
Cap Rate 7%
$182,400
Cap Rate 9%
$141,867
Alternative Uses
Best Use
Multifamily LT 5
$182.4K
$159.6K – $212.8K
NOI $12,768 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$161.5K
$141.3K – $188.4K
NOI $11,305 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$447.5K
$391.5K – $522.0K
NOI $31,322 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
639
Businesses Nearby
Explore this area
Business Placement
Demographics for 38111, TN
40,533
Population
20,084
Households
2
Avg Household Size
34
Median Age
38%
College-Educated
89%
High-School Grad
9.8 sq mi
ZIP Area
4,136
Density / Sq Mi
$52,806
Median Household Income
$33,449
Median Earnings
$1,077
Median Rent
$165,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer a combination of two-, three-, and one-bedroom layouts in Memphis.
Where is this triplex located?
The property is located at 3569 Douglass Ave Memphis, TN.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Three‑unit multifamily property; Primary unit includes 3 bedrooms and 2 bathrooms; Second unit offers 2 bedrooms and 1 bathroom
