Brick Duplex with Central
For Sale
$149,900
557 Berclair Rd, Memphis, TN 38122
Fully occupied two-unit property with matching two-bedroom, one-bath layouts and brick construction.
Property Size1,552 SF
Price / SF$96.59
Days on Market50
Property Features for 557 Berclair Rd
General Information
Standard status
Active
Size
1,552 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Average Monthly Rent
$650
Building Details
Year Built
1966
Construction
brick
Listing Agency:
Burch Realty Group
Listed By:
The Eric Crutcher Sales Team
(901) 212-2414
Source:
Doorstep-realty
Added: Sep 1
Changed: Oct 19
Last Checked: Oct 19 at 6:31AM
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 Burch Realty Group
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Investment Insights
Based on property information with market context.
Built in 1966, this 1,552-square-foot duplex contains two residential units, each configured with two bedrooms and one bathroom. The building has a brick exterior and central heat and air serving both units. Both residences are currently occupied, providing an established tenant profile for the property.
The duplex is located at 557 Berclair Rd in Memphis, within the 38122 ZIP code and Berclair area. The roof is estimated to be 6 years old. The property is currently self-managed by the owner.
The duplex is located at 557 Berclair Rd in Memphis, within the 38122 ZIP code and Berclair area. The roof is estimated to be 6 years old. The property is currently self-managed by the owner.
Key Highlights
- Two‑unit duplex with 1,552 SF of building area
- Both units offer 2 bedrooms and 1 bathroom
- 100% occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,089
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,780
$261.8K
Cap Rate 7%
$186,986
$187.0K
Cap Rate 9%
$145,433
$145.4K
Market Conditions
NOI Build-Up for 1,552 SF
Gross rent
$19.9K $12.84/SF
− Vacancy
−$1.2K −$0.79/SF
EGI
$18.7K $12.05/SF
− OpEx
−$5.6K −$3.61/SF
NOI
$13.1K $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%
$261,780
Cap Rate 7%
$186,986
Cap Rate 9%
$145,433
Alternative Uses
Best Use
Multifamily LT 5
$187.0K
$163.6K – $218.2K
NOI $13,089 @ 7.0% cap · market cap 8.73%
Second Best
Apartment 5plus
$165.6K
$144.9K – $193.2K
NOI $11,589 @ 7.0% cap · market cap 7.73%
Theoretical Best
Office A
$458.7K
$401.4K – $535.1K
NOI $32,108 @ 7.0% cap · market cap 21.42%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
516
Businesses Nearby
Explore this area
Business Placement
Demographics for 38122, TN
26,432
Population
10,201
Households
2.6
Avg Household Size
33
Median Age
22%
College-Educated
74%
High-School Grad
6.8 sq mi
ZIP Area
3,887
Density / Sq Mi
$45,456
Median Household Income
$32,760
Median Earnings
$1,127
Median Rent
$108,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied two-unit property with matching two-bedroom, one-bath layouts and brick construction.
Where is this duplex located?
The property is located at 557 Berclair Rd Memphis, TN.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,552 SF of building area; Both units offer 2 bedrooms and 1 bathroom; 100% occupied
