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Tenant-Occupied Duplex
For Sale
$87,000

690 Barrett Pl, Memphis, TN 38107

Both residences are leased, with one bedroom and one bathroom in each unit.

Property Size1,260 SF
Price / SF$69.05
Days on Market14

Property Features for 690 Barrett Pl

General Information

Standard status Active
Size 1,260 SF
Property subtype Residential Income

Units

Unit Mix 2 x 1BR/1BA
Multifamily Units 2

Additional Details

Gross Income $13,800
Listing Agency: KAIZEN Realty, LLC
Listed By: Arika Danner
Source: Exprealty
Added: Sep 25 Changed: Oct 6 Last Checked: Oct 7 at 5:30PM

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 KAIZEN Realty, LLC

Investment Insights

Based on property information with market context.

This 1,260-square-foot duplex contains two residences, each arranged with one bedroom and one bathroom. Tenants are in place in both units, and combined rental income is $1,150 per month.

The property is located at 690 Barrett Pl in Memphis, Tennessee. Showings are not available before an accepted offer; offers are to be contingent on inspection.

Key Highlights

  • Two units, each with 1 bedroom and 1 bathroom
  • 1,260‑square‑foot duplex with tenants in place
  • Combined rental income of $1,150 per month

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office HVAC Service (Bike/Boat/Book/etc) Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

586
Businesses Nearby

Demographics for 38107, TN

15,655
Population
8,093
Households
1.9
Avg Household Size
37
Median Age
24%
College-Educated
87%
High-School Grad
5.4 sq mi
ZIP Area
2,899
Density / Sq Mi
$36,393
Median Household Income
$34,958
Median Earnings
$999
Median Rent
$128,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Both residences are leased, with one bedroom and one bathroom in each unit.
Where is this duplex located?
The property is located at 690 Barrett Pl Memphis, TN.
What is the asking price?
The asking price for this property is $87,000.
What are key features of this property?
This property features: Two units, each with 1 bedroom and 1 bathroom; 1,260‑square‑foot duplex with tenants in place; Combined rental income of $1,150 per month
More about this property
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