Updated Duplex with Hardwood
For Sale
$205,000
823 Dickinson St, Memphis, TN 38107
Two-unit residential property with refreshed interiors and laundry hookups in each kitchen closet.
Property Size1,607 SF
Price / SF$127.57
Days on Market53
Property Features for 823 Dickinson St
General Information
Standard status
Active
Size
1,607 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Vollintine Evergreen Community Association
Additional Details
Multifamily Units
2
Amenities
hardwood floors
washer/dryer connections
Building Details
Buildings
1
Listing Agency:
KAIZEN Realty, LLC
Listed By:
Amanda Rathbone McGill
(901) 308-9436
Source:
Exprealty
Added: Sep 12
Changed: Oct 26
Last Checked: Nov 1 at 9:39AM
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 KAIZEN Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,607-square-foot duplex at 823 Dickinson St features recently updated interiors, hardwood flooring, and washer/dryer connections located in the kitchen closet of each unit. One side is vacant and available for showings, while the other side is currently being offered for rent.
The property is located in Memphis, Tennessee, minutes from the Zoo, providing a recognizable nearby destination. Its two-unit configuration and existing laundry hookups provide a straightforward residential income property format.
The property is located in Memphis, Tennessee, minutes from the Zoo, providing a recognizable nearby destination. Its two-unit configuration and existing laundry hookups provide a straightforward residential income property format.
Key Highlights
- 1,607‑square‑foot duplex at 823 Dickinson St, Memphis, TN
- Recently updated interiors with hardwood floors
- Washer/dryer connections in kitchen closets
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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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
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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 - Two-unit residential property with refreshed interiors and laundry hookups in each kitchen closet.
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 at 823 Dickinson St, Memphis, TN; Recently updated interiors with hardwood floors; Washer/dryer connections in kitchen closets
