Brick Duplex With Two
For Sale
$170,000
3677 HILLBROOK St, Memphis, TN 38109
Duplexes, Traditional, Memphis, TN
Property Size1,940 SF
Price / SF$87.63
Days on Market51
Property Features for 3677 HILLBROOK St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2
Subdivision
VALLEY FORGE
Standard status
Active
Size
1,940 SF
Taxes and HOA fees
Tax Annual Amount
1368
Building Details
Year built
1970
Architectural style
Other
Listing Agency:
Reedy & Company, REALTORS
(901) 842-0805
Listed By:
Bradley Puckett
(901) 604-6338
Added: Aug 27
Changed: Oct 11
Last Checked: Oct 16 at 12:06AM
MLS# 10229244
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.
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Investment Insights
Based on property information with market context.
Constructed in 1970, this four-sided brick duplex contains 1,940 square feet divided between two residential units. Each unit offers two bedrooms and one bathroom, creating four bedrooms and two bathrooms across the property. Both units are currently occupied, and professional local management is in place.
The property is located at 3677 Hillbrook St in Memphis, Tennessee 38109. Its duplex configuration and consistent unit layouts provide a clearly defined residential income property profile.
The property is located at 3677 Hillbrook St in Memphis, Tennessee 38109. Its duplex configuration and consistent unit layouts provide a clearly defined residential income property profile.
Key Highlights
- 1,940‑square‑foot duplex built in 1970
- Four‑sided brick construction
- Two residential units with matching two‑bedroom, one‑bath layouts
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.
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Current Use
Lease Details
2
Residential units
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Occupied residences with matching layouts and established professional local management.
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: 1,940‑square‑foot duplex built in 1970; Four‑sided brick construction; Two residential units with matching two‑bedroom, one‑bath layouts
