Renovated Duplex with Central
For Sale
$385,000
6436 Oak Park Dr, Memphis, TN 38134
Two updated units feature built-in appliances and central heating and air conditioning.
Property Size2,312 SF
Price / SF$166.52
Days on Market48
Property Features for 6436 Oak Park Dr
General Information
Standard status
Active
Size
2,312 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Shelby Farms
Highway Access
Yes
Additional Details
Multifamily Units
2
Amenities
built-in appliances
central air conditioning
central heat
Building Details
Year Built
1974
Buildings
1
Listing Agency:
Marx-Bensdorf, Realtors
Listed By:
Stacia Rosatti
(901) 270-9019
Source:
Staciarosatti
Added: Sep 6
Changed: Oct 21
Last Checked: Oct 23 at 6:41AM
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 Marx-Bensdorf, Realtors
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Investment Insights
Based on property information with market context.
This duplex contains 2,312 square feet and was updated and renovated within the past two years. Both units include built-in appliances, central air conditioning, and central heat. Major systems are reported to be in good condition. Constructed in 1974, the property is tenant occupied and offers two residential units within a single investment asset.
The property is located at 6436 Oak Park Dr in Memphis, near I-40 and just north of Shelby Farms. Shopping, dining, parks, schools, entertainment, and other urban amenities are approximately 5–10 minutes away. Showings require an appointment with at least 48 hours’ notice, and proof of funds is required before scheduling.
The property is located at 6436 Oak Park Dr in Memphis, near I-40 and just north of Shelby Farms. Shopping, dining, parks, schools, entertainment, and other urban amenities are approximately 5–10 minutes away. Showings require an appointment with at least 48 hours’ notice, and proof of funds is required before scheduling.
Key Highlights
- 2,312‑square‑foot duplex with two residential units
- Updated and renovated within the past two years
- Built‑in appliances in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,498
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,960
$390.0K
Cap Rate 7%
$278,543
$278.5K
Cap Rate 9%
$216,644
$216.6K
Market Conditions
NOI Build-Up for 2,312 SF
Gross rent
$29.7K $12.84/SF
− Vacancy
−$1.8K −$0.79/SF
EGI
$27.9K $12.05/SF
− OpEx
−$8.4K −$3.61/SF
NOI
$19.5K $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%
$389,960
Cap Rate 7%
$278,543
Cap Rate 9%
$216,644
Alternative Uses
Best Use
Multifamily LT 5
$278.5K
$243.7K – $325.0K
NOI $19,498 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$246.6K
$215.8K – $287.7K
NOI $17,263 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$683.3K
$597.9K – $797.2K
NOI $47,831 @ 7.0% cap · market cap 12.42%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
Explore this area
Business Placement
Demographics for 38134, TN
41,760
Population
15,685
Households
2.7
Avg Household Size
35
Median Age
21%
College-Educated
86%
High-School Grad
18.6 sq mi
ZIP Area
2,245
Density / Sq Mi
$61,172
Median Household Income
$39,185
Median Earnings
$1,147
Median Rent
$184,400
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
Frequently Asked Questions
What type of property is this?
Duplex - Two updated units feature built-in appliances and central heating and air conditioning.
Where is this duplex located?
The property is located at 6436 Oak Park Dr Memphis, TN.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 2,312‑square‑foot duplex with two residential units; Updated and renovated within the past two years; Built‑in appliances in both units
