Duplex with Hardwood
For Sale
$205,000
823 DICKINSON St, Memphis, TN 38107
Duplexes, Ranch, Traditional, Memphis, TN
Property Size1,607 SF
Price / SF$127.57
Days on Market35
Property Features for 823 DICKINSON St
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 2
Subdivision
Belvedre Hgts Blk 1
Standard status
Active
Size
1,607 SF
Taxes and HOA fees
Tax Annual Amount
1262
Amenities
hardwood floors
washer/dryer connections
Building Details
Year built
1928
Architectural style
Other, Ranch
Listing Agency:
KAIZEN Realty, LLC
(901) 221-4041
Listed By:
Amanda Rathbone McGill
(901) 308-9436
Added: Sep 12
Changed: Oct 16
Last Checked: Oct 16 at 4:06PM
MLS# 10230331
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.
The 1,607-square-foot duplex was built in 1928 and has four bedrooms and two bathrooms. Hardwood flooring and washer/dryer connections are among its interior features. One unit is vacant for showings; the other is currently being offered for rent.
The property is in Memphis, minutes from the zoo.
The property is in Memphis, minutes from the zoo.
Key Highlights
- 1,607‑square‑foot duplex with four bedrooms and two bathrooms
- Built in 1928
- Hardwood flooring and washer/dryer connections
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,553
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,060
$271.1K
Cap Rate 7%
$193,614
$193.6K
Cap Rate 9%
$150,589
$150.6K
Market Conditions
NOI Build-Up for 1,607 SF
Gross rent
$20.6K $12.84/SF
− Vacancy
−$1.3K −$0.79/SF
EGI
$19.4K $12.05/SF
− OpEx
−$5.8K −$3.61/SF
NOI
$13.6K $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%
$271,060
Cap Rate 7%
$193,614
Cap Rate 9%
$150,589
Alternative Uses
Best Use
Multifamily LT 5
$193.6K
$169.4K – $225.9K
NOI $13,553 @ 7.0% cap · market cap 6.61%
Second Best
Apartment 5plus
$171.4K
$150.0K – $200.0K
NOI $11,999 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$474.9K
$415.6K – $554.1K
NOI $33,246 @ 7.0% cap · market cap 16.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
Explore this area
Business Placement
Demographics for 38107, TN
15,655
Population
8,093
Households
1.9
Avg Household Size
37
Median Age
24%
College-Educated
87%
High-School Grad
5.4 sq mi
ZIP Area
2,899
Density / Sq Mi
$36,393
Median Household Income
$34,958
Median Earnings
$999
Median Rent
$128,600
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 - One unit is vacant for showings, while the other is currently being offered for rent.
Where is this duplex located?
The property is located at 823 DICKINSON St Memphis, TN.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: 1,607‑square‑foot duplex with four bedrooms and two bathrooms; Built in 1928; Hardwood flooring and washer/dryer connections
