Hardwood-Floor
766 Roland, Memphis, TN 38104
For Sale
$399,000
Two residential units provide separate living spaces within one income-producing property.
Property Size2,895 SF
Price / SF$137.82
Days on Market150
Property Features for 766 Roland
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Amenities
hardwood floors
natural light
brick accents
Building Details
Building Size
Year Built
Stories
Listing Agency:
Mlsassist
Listed By:
Bruce Johnson
(901) 266-6000
Source:
Assuredrealestate
Added: Jun 11
Changed: Nov 6
Last Checked: Nov 7 at 3:57AM
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 Mlsassist
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Investment Insights
Based on property information with market context.
This 1971 duplex contains 2,895 square feet across two units. Hardwood floors, brick accents and natural light are among the interior features, with neutral finishes in the kitchens and baths. The property is located at 766 Roland in Memphis, Tennessee.
Key Highlights
- Two‑unit duplex
- 2,895 square feet of building area
- Built in 1971
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,415
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,300
$488.3K
Cap Rate 7%
$348,786
$348.8K
Cap Rate 9%
$271,278
$271.3K
Market Conditions
NOI Build-Up for 2,895 SF
Gross rent
$37.2K $12.84/SF
− Vacancy
−$2.3K −$0.79/SF
EGI
$34.9K $12.05/SF
− OpEx
−$10.5K −$3.61/SF
NOI
$24.4K $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%
$488,300
Cap Rate 7%
$348,786
Cap Rate 9%
$271,278
Alternative Uses
Best Use
Multifamily LT 5
$348.8K
$305.2K – $406.9K
NOI $24,415 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$308.8K
$270.2K – $360.3K
NOI $21,617 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$855.6K
$748.7K – $998.2K
NOI $59,892 @ 7.0% cap · market cap 15.01%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
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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
$301,100
Median Home Value
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Market
Average Price Trend$/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 - Two residential units provide separate living spaces within one income-producing property.
Where is this duplex located?
The property is located at 766 Roland Memphis, TN.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑unit duplex; 2,895 square feet of building area; Built in 1971
