Leased Two-Unit
For Sale
$130,000
4481-4483 Sumners Wells Rd, Memphis, TN 38118
Both residences are leased and feature separate living and dining areas, shaker cabinetry, tile backsplashes, and LVP flooring.
Property Size1,634 SF
Price / SF$79.56
Days on Market23
Property Features for 4481-4483 Sumners Wells Rd
General Information
Standard status
Active
Size
1,634 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$18,000
Building Details
Year Built
1974
Tenancy
Multi
Listing Agency:
Foundation Property Management
(901) 459-2996
Listed By:
James Wachob · License #294924
Source:
Bryanrealty
Added: Aug 9
Changed: Aug 31
Last Checked: Aug 31 at 3:49AM
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 Foundation Property Management
Investment Insights
Based on property information with market context.
This duplex contains two separately leased residences, each configured with two bedrooms and one bathroom. Combined, the property offers 4 bedrooms and 2 bathrooms across approximately 1,634 square feet. Both sides include a kitchen with shaker cabinetry and a tile backsplash, along with distinct living and dining rooms and LVP flooring. The leases run through 02/02/2027 and 02/10/2028, respectively.
The property is located at 4481-4483 Sumners Wells Rd in Southeast Memphis, near an Amazon fulfillment center and Nike facilities. Memphis International Airport is also minutes away. Built in 1974, the duplex is professionally managed in-house and provides an existing multi-unit rental configuration.
The property is located at 4481-4483 Sumners Wells Rd in Southeast Memphis, near an Amazon fulfillment center and Nike facilities. Memphis International Airport is also minutes away. Built in 1974, the duplex is professionally managed in-house and provides an existing multi-unit rental configuration.
Key Highlights
- Two 2 bed / 1 bath units, both currently leased
- 4 bedrooms and 2 bathrooms across approximately 1,634 square feet
- Lease terms extend through 02/02/2027 and 02/10/2028
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Explore this area
Business Placement
Demographics for 38118, TN
39,627
Population
16,317
Households
2.4
Avg Household Size
32
Median Age
12%
College-Educated
79%
High-School Grad
30.5 sq mi
ZIP Area
1,299
Density / Sq Mi
$42,464
Median Household Income
$30,431
Median Earnings
$1,105
Median Rent
$95,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased and feature separate living and dining areas, shaker cabinetry, tile backsplashes, and LVP flooring.
Where is this duplex located?
The property is located at 4481-4483 Sumners Wells Rd Memphis, TN.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Two 2 bed / 1 bath units, both currently leased; 4 bedrooms and 2 bathrooms across approximately 1,634 square feet; Lease terms extend through 02/02/2027 and 02/10/2028
