Brick
New
For Sale
$170,000
3677 Hillbrook St, Memphis, TN 38109
Both residences are occupied, and local property management is in place.
Property Size1,940 SF
Price / SF$87.63
Days on Market5
Property Features for 3677 Hillbrook St
General Information
Standard status
Active
Size
1,940 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1970
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Reedy & Company, REALTORS
Listed By:
Bradley Puckett
(901) 604-6338
Source:
Bryanrealty
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 4 at 12:55PM
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 Reedy & Company, REALTORS
Investment Insights
Based on property information with market context.
This 1970-built duplex contains two residences, each with two bedrooms and one bathroom. The building has brick on all four sides and totals 1,940 square feet. Both units are occupied, and professional local management is in place.
The property is at 3677 Hillbrook St in Memphis. A rent roll is available upon request.
The property is at 3677 Hillbrook St in Memphis. A rent roll is available upon request.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,940 square feet in total
- Built in 1970; brick exterior on all four sides
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,606
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$292,120
$292.1K
Cap Rate 7%
$208,657
$208.7K
Cap Rate 9%
$162,289
$162.3K
Market Conditions
NOI Build-Up for 1,940 SF
Gross rent
$28.4K $14.64/SF
− Vacancy
−$1.8K −$0.95/SF
EGI
$26.6K $13.69/SF
− OpEx
−$11.9K −$6.16/SF
NOI
$14.6K $7.53/SF
Area
ZIP 38109
Vacancy
6.50%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$292,120
Cap Rate 7%
$208,657
Cap Rate 9%
$162,289
Alternative Uses
Best Use
Multifamily LT 5
$230.4K
$201.6K – $268.8K
NOI $16,129 @ 7.0% cap · market cap 9.49%
Second Best
Apartment 5plus
$208.7K
$182.6K – $243.4K
NOI $14,606 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$475.9K
$416.4K – $555.3K
NOI $33,315 @ 7.0% cap · market cap 19.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
Explore this area
Business Placement
Demographics for 38109, TN
42,437
Population
18,881
Households
2.2
Avg Household Size
40
Median Age
14%
College-Educated
87%
High-School Grad
59.7 sq mi
ZIP Area
711
Density / Sq Mi
$36,934
Median Household Income
$30,780
Median Earnings
$1,000
Median Rent
$76,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied, and local property management is in place.
Where is this duplex located?
The property is located at 3677 Hillbrook St Memphis, TN.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,940 square feet in total; Built in 1970; brick exterior on all four sides
