Two-Unit Duplex with Private
For Sale
$369,900
699 S Barksdale St, Memphis, TN 38104
Both residences offer two bedrooms, one bathroom, in-unit laundry, and central heating and air conditioning.
Property Size2,179 SF
Price / SF$169.76
Days on Market53
Property Features for 699 S Barksdale St
General Information
Standard status
Active
Size
2,179 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Neighborhood
Central Gardens Association
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
private backyards
central heat and air
washer/dryer in each unit
Building Details
Year Built
1927
Buildings
1
Tenancy
Multi
Listing Agency:
Crye-Leike, Inc., Realtors
Listed By:
The Eric Crutcher Sales Team
(901) 212-2414
Source:
Doorstep-realty
Added: Sep 9
Changed: Oct 28
Last Checked: Oct 30 at 2:44PM
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 Crye-Leike, Inc., Realtors
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Investment Insights
Based on property information with market context.
This 2,179-square-foot duplex, constructed in 1927, contains two residences with matching two-bedroom, one-bath layouts. Each unit includes a private backyard, central heat and air, and its own washer and dryer. Both sides are currently leased, providing an existing occupied configuration.
The tenancy is split between a lease extending through August 2027 and a month-to-month arrangement, which supports potential owner occupancy subject to the applicable lease terms. Property access is restricted and cannot occur without a negotiated contract.
The tenancy is split between a lease extending through August 2027 and a month-to-month arrangement, which supports potential owner occupancy subject to the applicable lease terms. Property access is restricted and cannot occur without a negotiated contract.
Key Highlights
- 2,179‑square‑foot duplex built in 1927
- Two units, each with 2 bedrooms and 1 bath
- Private backyard provided for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,376
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,520
$367.5K
Cap Rate 7%
$262,514
$262.5K
Cap Rate 9%
$204,178
$204.2K
Market Conditions
NOI Build-Up for 2,179 SF
Gross rent
$28.0K $12.84/SF
− Vacancy
−$1.7K −$0.79/SF
EGI
$26.3K $12.05/SF
− OpEx
−$7.9K −$3.61/SF
NOI
$18.4K $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%
$367,520
Cap Rate 7%
$262,514
Cap Rate 9%
$204,178
Alternative Uses
Best Use
Multifamily LT 5
$262.5K
$229.7K – $306.3K
NOI $18,376 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$232.4K
$203.4K – $271.2K
NOI $16,270 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$644.0K
$563.5K – $751.3K
NOI $45,079 @ 7.0% cap · market cap 12.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
827
Businesses Nearby
Explore this area
Business Placement
Demographics for 38104, TN
22,584
Population
14,315
Households
1.6
Avg Household Size
38
Median Age
52%
College-Educated
93%
High-School Grad
5.0 sq mi
ZIP Area
4,517
Density / Sq Mi
$56,452
Median Household Income
$48,300
Median Earnings
$1,073
Median Rent
$301,100
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 - Both residences offer two bedrooms, one bathroom, in-unit laundry, and central heating and air conditioning.
Where is this duplex located?
The property is located at 699 S Barksdale St Memphis, TN.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: 2,179‑square‑foot duplex built in 1927; Two units, each with 2 bedrooms and 1 bath; Private backyard provided for each residence
