Brick Duplex with Central
For Sale
$149,900
557 BERCLAIR Rd, Memphis, TN 38122
Duplexes, Traditional, Memphis, TN
Property Size1,552 SF
Price / SF$96.59
Days on Market49
Property Features for 557 BERCLAIR Rd
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1
Subdivision
PINCKLEY
Standard status
Active
Size
1,552 SF
Taxes and HOA fees
Tax Annual Amount
1259
Building Details
Year built
1966
Architectural style
Other
Listing Agency:
Crye-Leike, Inc., REALTORS
(901) 756-8900
Listed By:
Tyler Tapley
(901) 871-1290
Added: Aug 31
Changed: Oct 18
Last Checked: Oct 18 at 4:06PM
MLS# 10229417
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.
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Investment Insights
Based on property information with market context.
This 1,552-square-foot duplex contains two residential units, each arranged with 2 bedrooms and 1 bathroom. The building has a brick exterior, central heat and air, and a roof estimated to be 6 years old. Built in 1966, the property provides a straightforward two-unit configuration for residential income ownership.
The duplex is located on Berclair Road in Memphis, within ZIP code 38122. Both units are currently occupied, and the property is self-managed by the owner. Access to the interior is subject to an inspection contingency, with tenants in place at the property.
The duplex is located on Berclair Road in Memphis, within ZIP code 38122. Both units are currently occupied, and the property is self-managed by the owner. Access to the interior is subject to an inspection contingency, with tenants in place at the property.
Key Highlights
- 1,552 SF duplex with two residential units
- Each unit includes 2 bedrooms and 1 bathroom
- 100% occupied with both units currently rented
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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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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 - Two-bedroom units offer a fully occupied residential income configuration with individual one-bath layouts.
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: 1,552 SF duplex with two residential units; Each unit includes 2 bedrooms and 1 bathroom; 100% occupied with both units currently rented
