Two-Unit Duplex with Private
For Sale
$369,900
699 S BARKSDALE St, Memphis, TN 38104
Duplexes, Traditional, Memphis, TN
Property Size2,179 SF
Price / SF$169.76
Days on Market46
Property Features for 699 S BARKSDALE St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 2
Subdivision
ROYNON
Standard status
Active
Size
2,179 SF
Taxes and HOA fees
Tax Annual Amount
2289
Amenities
private back yards
central heat and air
washer/dryer in each unit
Building Details
Year built
1927
Architectural style
Other
Listing Agency:
The Carter Group LLC, REALTORS
Listed By:
Steven Ford
(901) 753-7222
Added: Sep 8
Changed: Oct 20
Last Checked: Oct 23 at 11:06PM
MLS# 10229964
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 2,179-square-foot duplex dates to 1927 and contains two residences, each with two bedrooms and one bathroom. Both units have central heat and air, in-unit washer and dryer, and private rear yards.
The property is currently occupied on both sides. One lease runs through August 2027; the other tenancy is month-to-month.
The property is currently occupied on both sides. One lease runs through August 2027; the other tenancy is month-to-month.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 2,179 square feet; built in 1927
- Central heat and air in both residences
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.
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Property Analytics
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased, with one tenancy on a month-to-month arrangement.
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: Two units, each with 2 bedrooms and 1 bathroom; 2,179 square feet; built in 1927; Central heat and air in both residences
