857 N BINGHAM St, Memphis, TN 38108
- Added:
- Mar 14, 2026
- Days on Market:
- 94
- Last Refresh:
- Jun 15 at 9:06 am
Property Features for 857 N BINGHAM St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 1
- Standard status
- Active
- Size
- 2,300 SF
Taxes and HOA fees
- Tax Annual Amount
- 961
Building Details
- Year built
- 1953
- Architectural style
- Other
Listing agent William Haynes License #355990 (865) 454-1124
Listing office Crye-Leike, Inc., REALTORS 6525 N Quail Hollow Rd, Memphis, TN (901) 756-8900
Listing date Mar 14, 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
- Two duplexes on one parcel (Year built: 1953)
- Current combined rent of $1,845/month from the two duplexes
- One unit is rented for free to the seller’s friend
- Professionally managed property
- Updates and repairs completed over the past few years
Overview
The property is located at 857 N Bingham St in Memphis, Tennessee 38108, within Shelby County. Access for prospective buyers is restricted: no showings are available without an accepted offer, and visitors are instructed not to approach or disturb tenants.
For buyers seeking a straightforward residential income setup, this configuration provides two separate duplex units under one ownership parcel. The documented current occupancy and professional management may appeal to operators looking for an income-producing multifamily asset with an established management structure, subject to the noted exception regarding one unit’s rent arrangement.
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 | $29.5k | $12.84 |
| − Vacancy | −$1.8k | −$0.79 |
| EGI | $27.7k | $12.05 |
| − OpEx | −$8.3k | −$3.61 |
| NOI | $19.4k | $8.43 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.971808
- Latitude
- 35.158572
