Duplex with Hardwood
For Sale
$399,000
766 ROLAND St, Memphis, TN 38104
Duplexes, Traditional, Memphis, TN
Property Size2,895 SF
Price / SF$137.82
Days on Market143
Property Features for 766 ROLAND St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 4, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 2
Subdivision
ROLAND YORK SD
Standard status
Active
Size
2,895 SF
Taxes and HOA fees
Tax Annual Amount
4782
Building Details
Year built
1971
Architectural style
Other
Listing Agency:
mlsAssist
Listed By:
Bruce Johnson
(901) 266-6000
Added: Jun 11
Changed: Oct 23
Last Checked: Oct 31 at 9:06AM
MLS# 10223710
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 2,895-square-foot duplex, built in 1971, contains two residential units with a combined four bedrooms and four bathrooms. Both units feature hardwood flooring, ample natural light, brick details, and clean, neutral finishes in the kitchens and baths. Spacious living areas and practical layouts support comfortable occupancy across the property.
The property is located at 766 Roland St in Memphis, within the 38104 postal area and Shelby County. Additional possibilities identified for the property include future condo conversion, subject to buyer verification and required approvals. The existing configuration also accommodates separate-unit residential use.
The property is located at 766 Roland St in Memphis, within the 38104 postal area and Shelby County. Additional possibilities identified for the property include future condo conversion, subject to buyer verification and required approvals. The existing configuration also accommodates separate-unit residential use.
Key Highlights
- Two‑unit duplex totaling 2,895 square feet
- Built in 1971
- Combined layout includes 4 bedrooms and 4 bathrooms
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer four bedrooms, four baths, and functional living areas.
Where is this duplex located?
The property is located at 766 ROLAND St 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 totaling 2,895 square feet; Built in 1971; Combined layout includes 4 bedrooms and 4 bathrooms
