Multifamily Investment Package
540 BERCLAIR Rd Memphis, TN 38122
540 BERCLAIR Rd, Memphis, TN, 38122
$173,000
For Sale
$173,000
MULTI_FAMILY - Memphis, TN
Property Size1,659 SF
Price / SF$104.28
Days on Market81
Property Features for 540 BERCLAIR Rd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 2
- Standard status
- Active
- Size
- 1,659 SF
Taxes and HOA fees
- Tax Annual Amount
- 1220
Building Details
- Year built
- 1955
- Architectural style
- Other
Listing Agency
BEST Real Estate Company
(901) 407-2177
6825 Summer Ave, Memphis, TN
Listed by
Elizabeth Castillo
(901) 497-4957
Added: Apr 30 Checked: Jul 19 at 3:06 am
MLS# 10220471
Listing URL
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.
Investment Insights
Based on property information with market context.
This for-sale package includes three income-producing multifamily properties: 1004–1006 Highland Ave, 1096–1098 Gordon Ave, and 540–542 Berclair Rd in Memphis, Tennessee 38122. The offering is sold as a package only.
According to the public remarks, the combined properties are generating $5,700 per month and have long-term tenants already in place, supporting immediate occupancy at the time of sale. All three properties are presented together for buyers looking for a consolidated multifamily acquisition within the same transaction.
For investors or operators seeking a straightforward entry into multiple rental units through one closing, this package provides the benefit of purchasing three income-producing assets at once. The fact that tenants are already in place may reduce downtime between acquisition and ongoing rental operations. Buyers should review the individual property details and lease terms as part of their due diligence, particularly given the package-only structure of the sale.
According to the public remarks, the combined properties are generating $5,700 per month and have long-term tenants already in place, supporting immediate occupancy at the time of sale. All three properties are presented together for buyers looking for a consolidated multifamily acquisition within the same transaction.
For investors or operators seeking a straightforward entry into multiple rental units through one closing, this package provides the benefit of purchasing three income-producing assets at once. The fact that tenants are already in place may reduce downtime between acquisition and ongoing rental operations. Buyers should review the individual property details and lease terms as part of their due diligence, particularly given the package-only structure of the sale.
Key Highlights
- Package deal includes three income‑producing properties: 1004‑1006 Highland Ave, 1096‑1098 Gordon Ave, and 540‑542 Berclair Rd
- Combined price for the three‑property package is $520,000
- Properties are generating $5,700 per month with long‑term tenants already in place
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.1k | $14.52 |
| − Vacancy | −$1.6k | −$0.94 |
| EGI | $22.5k | $13.58 |
| − OpEx | −$10.1k | −$6.11 |
| NOI | $12.4k | $7.47 |
1,659 SF · lease $14.52/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$177.0K
$154.9K – $206.5K
NOI $12,388 @ 7.0% cap · market cap 7.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$490.3K
$429.0K – $572.0K
NOI $34,321 @ 7.0% cap · market cap 19.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Three income-producing multifamily properties sold as a single package with long-term tenants already in place.
Where is this multifamily property located?
The property is located at 540 BERCLAIR Rd Memphis, TN.
What is the asking price?
The asking price for this property is $173,000.
What are key features of this property?
This property features: Package deal includes three income‑producing properties: 1004‑1006 Highland Ave, 1096‑1098 Gordon Ave, and 540‑542 Berclair Rd; Combined price for the three‑property package is $520,000; Properties are generating $5,700 per month with long‑term tenants already in place
