Two-Story Duplex with
New
For Sale
$449,000
4543 Aldersgate Rd, Memphis, TN 38117
Separate utilities serve the two residences, and the upper unit is leased through January 2027.
Property Size3,846 SF
Price / SF$116.74
Days on Market7
Property Features for 4543 Aldersgate Rd
General Information
Standard status
Active
Size
3,846 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
East Memphis
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Additional Details
Tenant in Place
Yes
Amenities
attached garage
partially fenced backyard
Building Details
Year Built
1952
Buildings
1
Stories
2
Listing Agency:
Emmett Baird Realty, LLC
Listed By:
Stacia Rosatti
(901) 270-9019
Source:
Staciarosatti
Added: Oct 24
Changed: Oct 28
Last Checked: Oct 28 at 7:46AM
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 Emmett Baird Realty, LLC
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Investment Insights
Based on property information with market context.
This two-story duplex contains two 2-bedroom, 2-bathroom residences. Each unit has living and dining areas, a den with a fireplace, and a kitchen; the lower unit also includes an eating area and laundry room. The property measures 3,846 square feet and has an attached garage and a partially fenced backyard.
The units have separate utilities. Improvements include a good roof, HVAC units, and replacement of the lower-level windows. Hardwood flooring remains beneath the carpet. The upper unit is leased through January 2027.
The units have separate utilities. Improvements include a good roof, HVAC units, and replacement of the lower-level windows. Hardwood flooring remains beneath the carpet. The upper unit is leased through January 2027.
Key Highlights
- 3,846‑square‑foot, two‑story duplex with two 2‑bedroom, 2‑bathroom units
- Separate utilities for each residence
- Upper unit leased through January 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,435
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,700
$648.7K
Cap Rate 7%
$463,357
$463.4K
Cap Rate 9%
$360,389
$360.4K
Market Conditions
NOI Build-Up for 3,846 SF
Gross rent
$49.4K $12.84/SF
− Vacancy
−$3.0K −$0.79/SF
EGI
$46.3K $12.05/SF
− OpEx
−$13.9K −$3.61/SF
NOI
$32.4K $8.43/SF
Area
Memphis, TN
Vacancy
6.17%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,700
Cap Rate 7%
$463,357
Cap Rate 9%
$360,389
Alternative Uses
Best Use
Multifamily LT 5
$463.4K
$405.4K – $540.6K
NOI $32,435 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$410.3K
$359.0K – $478.6K
NOI $28,718 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$1.14M
$994.6K – $1.33M
NOI $79,566 @ 7.0% cap · market cap 17.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,205
Businesses Nearby
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Business Placement
Demographics for 38117, TN
27,138
Population
12,045
Households
2.3
Avg Household Size
40
Median Age
60%
College-Educated
95%
High-School Grad
9.4 sq mi
ZIP Area
2,887
Density / Sq Mi
$93,688
Median Household Income
$52,596
Median Earnings
$1,353
Median Rent
$287,500
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 - Separate utilities serve the two residences, and the upper unit is leased through January 2027.
Where is this duplex located?
The property is located at 4543 Aldersgate Rd Memphis, TN.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 3,846‑square‑foot, two‑story duplex with two 2‑bedroom, 2‑bathroom units; Separate utilities for each residence; Upper unit leased through January 2027
