Tenant-Occupied Brick
For Sale
$129,900
3793 Helen Ann Dr, Memphis, TN 38127
Brick construction with both units currently occupied by tenants.
Property Size1,634 SF
Price / SF$79.50
Days on Market51
Property Features for 3793 Helen Ann Dr
General Information
Standard status
Active
Size
1,634 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Neighborhood
Frayser Cdc
Additional Details
Gross Income
$16,200
Multifamily Units
2
Building Details
Year Built
1973
Construction
brick
Listing Agency:
Crye-Leike, Inc., Realtors
Listed By:
The Eric Crutcher Sales Team
(901) 212-2414
Source:
Doorstep-realty
Added: Sep 11
Changed: Oct 28
Last Checked: Oct 30 at 2:09PM
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, Inc., Realtors
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Investment Insights
Based on property information with market context.
This 1,634-square-foot duplex was built in 1973 and features brick construction across its two-unit configuration. Both units are currently occupied by tenants, providing an established occupancy profile for an investor evaluating a residential income property.
The property is located at 3793 Helen Ann Dr in Memphis, Tennessee. Lease documents and tenant ledgers are available upon request. Showings and tenant contact should be coordinated appropriately to respect current occupancy.
The property is located at 3793 Helen Ann Dr in Memphis, Tennessee. Lease documents and tenant ledgers are available upon request. Showings and tenant contact should be coordinated appropriately to respect current occupancy.
Key Highlights
- Two‑unit duplex with brick construction
- 1,634 square feet of building area
- Built in 1973
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,596
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$231,920
$231.9K
Cap Rate 7%
$165,657
$165.7K
Cap Rate 9%
$128,844
$128.8K
Market Conditions
NOI Build-Up for 1,634 SF
Gross rent
$22.5K $13.80/SF
− Vacancy
−$1.5K −$0.90/SF
EGI
$21.1K $12.90/SF
− OpEx
−$9.5K −$5.81/SF
NOI
$11.6K $7.10/SF
Area
ZIP 38127
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$231,920
Cap Rate 7%
$165,657
Cap Rate 9%
$128,844
Alternative Uses
Best Use
Multifamily LT 5
$185.8K
$162.6K – $216.8K
NOI $13,008 @ 7.0% cap · market cap 10.01%
Second Best
Apartment 5plus
$165.7K
$145.0K – $193.3K
NOI $11,596 @ 7.0% cap · market cap 8.93%
Theoretical Best
Office A
$433.6K
$379.4K – $505.9K
NOI $30,353 @ 7.0% cap · market cap 23.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
141
Businesses Nearby
Explore this area
Business Placement
Demographics for 38127, TN
40,679
Population
17,560
Households
2.3
Avg Household Size
33
Median Age
11%
College-Educated
83%
High-School Grad
37.8 sq mi
ZIP Area
1,076
Density / Sq Mi
$37,768
Median Household Income
$31,790
Median Earnings
$1,104
Median Rent
$82,500
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 - Brick construction with both units currently occupied by tenants.
Where is this duplex located?
The property is located at 3793 Helen Ann Dr Memphis, TN.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: Two‑unit duplex with brick construction; 1,634 square feet of building area; Built in 1973
