766 ROLAND St, Memphis, TN 38104
- Added:
- Jun 11, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 12 at 2:06 am
Property Features for 766 ROLAND St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bathroom 4, Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2
- Standard status
- Active
- Size
- 2,895 SF
Taxes and HOA fees
- Tax Annual Amount
- 4782
Building Details
- Year built
- 1971
- Architectural style
- Other
Listing agent Bruce Johnson (901) 266-6000
Listing office mlsAssist 4466 Elvis Presley Blvd, 260-B, Memphis, TN (901) 266-6000
Listing date Jun 11, 2026
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.
HighLights
- Well‑maintained duplex built in 1971
- 4‑bedroom, 4‑bath layout with multiple bedrooms and bathrooms across the property
- Scheduled rents total over $3,000/month
- Each unit features hardwood floors and abundant natural light
- Classic brick accents and clean, neutral kitchen and bath finishes
- Possibility of a condo conversion for resale (subject to buyer verification and approvals)
Overview
Located at 766 Roland St in Memphis, TN 38104, the property is positioned in Midtown near dining, shopping, and entertainment.
The duplex is suited for investors seeking rental income and buyers interested in a live-in option, with the ability to house-hack by occupying one unit while renting the other. The listing notes scheduled rents totaling over $3,000 per month. It also suggests the possibility of future value enhancement, including a potential condo conversion for resale, subject to buyer verification and approvals.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.2k | $12.84 |
| − Vacancy | −$2.3k | −$0.79 |
| EGI | $34.9k | $12.05 |
| − OpEx | −$10.5k | −$3.61 |
| NOI | $24.4k | $8.43 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.008163
- Latitude
- 35.12519
