Well-Maintained Duplex for
For Sale
$399,000
766 ROLAND St, Memphis, TN 38104
MULTI_FAMILY - Memphis, TN
Property Size2,895 SF
Price / SF$137.82
Days on Market51
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 3, Bathroom 3, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 4, 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
(901) 266-6000
Listed By:
Bruce Johnson
(901) 266-6000
Added: Jun 11
Changed: Jul 19
Last Checked: Jul 31 at 6:06PM
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.
Investment Insights
Based on property information with market context.
This well-maintained duplex includes two residential units with bright, inviting interiors featuring hardwood floors, abundant natural light, and classic brick accents. Each unit is supported by spacious living areas with functional layouts, along with kitchens and baths finished in clean, neutral tones.
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.
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.
Key Highlights
- Duplex built in 1971 in Midtown
- Scheduled rents total over $3,000/month
- House‑hack potential: live in one unit and rent the other
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 |
2,895 SF · lease $12.84/SF/yr · vacancy 6.17% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,235
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family duplex with bright hardwood interiors and neutral kitchens, offering scheduled combined rents above $3,000 monthly.
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: Duplex built in 1971 in Midtown; Scheduled rents total over $3,000/month; House‑hack potential: live in one unit and rent the other
