857 N BINGHAM St Memphis, TN 38108
MULTI_FAMILY - Memphis, TN
- Added:
- Mar 14, 2026
- Days on Market:
- 120
- Last Refresh:
- Jul 11 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 4, Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2
- 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.
Investment Insights
Based on property information with market context.
The property is located at 857 N Bingham St in Memphis, Tennessee 38108, within Shelby County.
For investors seeking a residential income structure with professional management already in place, the configuration of two duplexes on one parcel can simplify oversight and operations compared with separate properties. Please note that showings are limited: there are no showings without an accepted offer, and tenants should not be approached or disturbed. The seller also indicates that other duplexes on Bingham may be available for purchase individually or in bulk.
Key Highlights
- Two duplexes on one parcel, built in 1953
- Combined rent of $1,845/mo
- Professional management in place
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 |
