Triplex with Mixed Unit
For Sale
$280,000
3569 DOUGLASS Ave, Memphis, TN 38111
Multi-Family, Memphis, TN
Property Size1,514 SF
Price / SF$184.94
Days on Market141
Property Features for 3569 DOUGLASS Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Subdivision
GOODMAN BROTHERS COLONIAL HEIGHTS
Standard status
Active
Size
1,514 SF
Taxes and HOA fees
Tax Annual Amount
1350
Building Details
Year built
1920
Listing Agency:
eXp Realty, LLC
(888) 519-5113
Listed By:
Jason Miller · License #328506
(901) 212-4141
Added: May 21
Changed: Aug 20
Last Checked: Oct 8 at 2:06AM
MLS# 10222084
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 triplex contains 1,514 square feet across three residential units. The unit configuration includes one three-bedroom, two-bath residence, one two-bedroom, one-bath residence, and one one-bedroom, one-bath residence. The property was built in 1920.
Located at 3569 DOUGLASS Ave in Memphis, Tennessee, the property carries a 38111 ZIP code and is situated in Shelby County.
Located at 3569 DOUGLASS Ave in Memphis, Tennessee, the property carries a 38111 ZIP code and is situated in Shelby County.
Key Highlights
- Three‑unit triplex configuration
- 1,514 square feet of property size
- Unit mix includes 3 bedrooms and 2 baths, 2 bedrooms and 1 bath, and 1 bedroom and 1 bath
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
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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 residences offer a varied bedroom and bathroom mix within a compact multifamily property.
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 triplex configuration; 1,514 square feet of property size; Unit mix includes 3 bedrooms and 2 baths, 2 bedrooms and 1 bath, and 1 bedroom and 1 bath
