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Two-Unit Duplex

3646 WALNUT GROVE RD, Memphis, TN 38111

For Sale
$319,000
Pending

Vacant residential income property with distinct three-bedroom and two-bedroom floor plans.

Property SizeContact for details
Days on Market676

Property Features for 3646 WALNUT GROVE RD

General Information

Standard status Pending
Property subtype Multi Family

Site & Location

Neighborhood East Memphis

Units

Unit Mix 1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $4,316

Building Details

Year Built 1954
Listing Agency: Crye-Leike Commercial
Listed By: Jeffrey B Moore · License #250330
Source: Exitrealty
Added: Jan 1, 2025 Changed: Oct 25 Last Checked: Oct 23 at 5:07AM

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 Crye-Leike Commercial

Rey
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Investment Insights

Based on property information with market context.

This duplex contains two separate residential units: one configured with three bedrooms and one bathroom, and the other with two bedrooms and one bathroom. The property is currently vacant and was previously occupied by the owner, allowing the next owner to evaluate both units for future occupancy.

Built in 1954, the property is located at 3646 Walnut Grove Road in Memphis. Galloway Golf Course sits directly across from the property, providing a defined surrounding landmark.

Key Highlights

  • Two residential units with three‑bedroom and two‑bedroom layouts
  • Each unit includes one bathroom
  • Currently vacant; previously owner occupied

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

549
Businesses Nearby

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

Average Price Trend$/SF for Duplexes in Memphis, TN

$106 Jul
$100 Aug
$105 Sep
$107 Oct

Properties on Market for Duplexes in Memphis

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Vacant residential income property with distinct three-bedroom and two-bedroom floor plans.
Where is this duplex located?
The property is located at 3646 WALNUT GROVE RD Memphis, TN.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Two residential units with three‑bedroom and two‑bedroom layouts; Each unit includes one bathroom; Currently vacant; previously owner occupied
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