Two-Unit
755 Houston St, Memphis, TN 38111
For Sale
New
$225,000
Each residence offers two bedrooms and one bathroom in a property near the University of Memphis.
Property Size1,944 SF
Price / SF$115.74
Days on Market4
Property Features for 755 Houston St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Bryan Realty Group
Listed By:
The Eric Crutcher Sales Team
(901) 212-2414
Source:
Doorstep-realty
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 8:43AM
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 Bryan Realty Group
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Investment Insights
Based on property information with market context.
This duplex contains two residences, each configured with two bedrooms and one bathroom. The property totals 1,944 square feet and was built in 1950.
The building is located near the University of Memphis at 755 Houston St in Memphis, Tennessee.
The building is located near the University of Memphis at 755 Houston St in Memphis, Tennessee.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,944‑square‑foot building
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,395
Cap Rate
7.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,900
$327.9K
Cap Rate 7%
$234,214
$234.2K
Cap Rate 9%
$182,167
$182.2K
Market Conditions
NOI Build-Up for 1,944 SF
Gross rent
$25.0K $12.84/SF
− Vacancy
−$1.5K −$0.79/SF
EGI
$23.4K $12.05/SF
− OpEx
−$7.0K −$3.61/SF
NOI
$16.4K $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%
$327,900
Cap Rate 7%
$234,214
Cap Rate 9%
$182,167
Alternative Uses
Best Use
Multifamily LT 5
$234.2K
$204.9K – $273.3K
NOI $16,395 @ 7.0% cap · market cap 7.29%
Second Best
Apartment 5plus
$207.4K
$181.5K – $241.9K
NOI $14,516 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$574.5K
$502.7K – $670.3K
NOI $40,217 @ 7.0% cap · market cap 17.87%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
863
Businesses Nearby
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Business Placement
Demographics for 38111, TN
40,533
Population
20,084
Households
2
Avg Household Size
34
Median Age
38%
College-Educated
89%
High-School Grad
9.8 sq mi
ZIP Area
4,136
Density / Sq Mi
$52,806
Median Household Income
$33,449
Median Earnings
$1,077
Median Rent
$165,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Memphis, TN
Properties on Market for Duplexes in Memphis
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms and one bathroom in a property near the University of Memphis.
Where is this duplex located?
The property is located at 755 Houston St Memphis, TN.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,944‑square‑foot building; Built in 1950
