Updated Duplex with Fenced
For Sale
$300,000
Pending
5659 Hinton Pl, Memphis, TN 38119
Two-unit residential property with one vacant, rent-ready residence.
Property Size2,496 SF
Days on Market119
Property Features for 5659 Hinton Pl
General Information
Standard status
Pending
Size
2,496 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Amenities
fenced backyard
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Heritage Homes Co.
Listed By:
Chad Woelke
(901) 848-0009
Source:
Exprealty
Added: Jun 12
Changed: Oct 6
Last Checked: Oct 7 at 5:57PM
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 Heritage Homes Co.
Investment Insights
Based on property information with market context.
This 2,496-square-foot duplex contains two residences, each with 2 bedrooms and 1.5 baths. One unit is vacant and has an updated kitchen, newly painted interiors, and new bedroom carpeting. The other residence is occupied under a month-to-month tenancy, providing an existing rental arrangement with flexibility for future plans.
Both units share a fenced backyard that adds private outdoor space to the property. The duplex is located near shopping, dining, and major commuter routes in Memphis, Tennessee.
Both units share a fenced backyard that adds private outdoor space to the property. The duplex is located near shopping, dining, and major commuter routes in Memphis, Tennessee.
Key Highlights
- 2,496 SF duplex with two 2‑bedroom, 1.5‑bath units
- One vacant unit with updated kitchen, fresh interior paint, and new bedroom carpet
- Second unit occupied by a month‑to‑month tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,050
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,000
$421.0K
Cap Rate 7%
$300,714
$300.7K
Cap Rate 9%
$233,889
$233.9K
Market Conditions
NOI Build-Up for 2,496 SF
Gross rent
$32.0K $12.84/SF
− Vacancy
−$2.0K −$0.79/SF
EGI
$30.1K $12.05/SF
− OpEx
−$9.0K −$3.61/SF
NOI
$21.0K $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%
$421,000
Cap Rate 7%
$300,714
Cap Rate 9%
$233,889
Alternative Uses
Best Use
Multifamily LT 5
$300.7K
$263.1K – $350.8K
NOI $21,050 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$266.2K
$233.0K – $310.6K
NOI $18,637 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$737.7K
$645.5K – $860.6K
NOI $51,637 @ 7.0% cap · market cap 17.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
Explore this area
Business Placement
Demographics for 38119, TN
23,997
Population
10,521
Households
2.3
Avg Household Size
39
Median Age
53%
College-Educated
96%
High-School Grad
8.8 sq mi
ZIP Area
2,727
Density / Sq Mi
$86,325
Median Household Income
$53,068
Median Earnings
$1,336
Median Rent
$279,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with one vacant, rent-ready residence.
Where is this duplex located?
The property is located at 5659 Hinton Pl Memphis, TN.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 2,496 SF duplex with two 2‑bedroom, 1.5‑bath units; One vacant unit with updated kitchen, fresh interior paint, and new bedroom carpet; Second unit occupied by a month‑to‑month tenant
