Two-Duplex Property on One
For Sale
$235,000
857 N BINGHAM St, Memphis, TN 38108
Duplexes, Traditional, Memphis, TN
Property Size2,300 SF
Price / SF$102.17
Days on Market232
Property Features for 857 N BINGHAM St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 3
Subdivision
ROGERS & HALL JACKSON AVE
Standard status
Active
Size
2,300 SF
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
961
Building Details
Year built
1953
Architectural style
Other
Buildings
2
Listing Agency:
Crye-Leike, Inc., REALTORS
(901) 756-8900
Listed By:
William Haynes · License #355990
(865) 454-1124
Added: Mar 14
Changed: Oct 29
Last Checked: Oct 31 at 2:06AM
MLS# 10216787
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.
This residential income property includes two duplex buildings situated on a single parcel, with a combined building area of 2,300 square feet. Constructed in 1953, the property has received numerous updates and repairs over the past several years and is professionally managed.
The property is located at 857 N Bingham St in Memphis, Tennessee, within ZIP Code 38108. Current occupancy includes a unit provided without rent to a friend of the seller, while the remaining rental arrangement produces combined monthly rent of $1,845.
The property is located at 857 N Bingham St in Memphis, Tennessee, within ZIP Code 38108. Current occupancy includes a unit provided without rent to a friend of the seller, while the remaining rental arrangement produces combined monthly rent of $1,845.
Key Highlights
- Two duplex buildings located on one parcel
- 2,300 square feet of combined building area
- Built in 1953
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,397
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,940
$387.9K
Cap Rate 7%
$277,100
$277.1K
Cap Rate 9%
$215,522
$215.5K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$29.5K $12.84/SF
− Vacancy
−$1.8K −$0.79/SF
EGI
$27.7K $12.05/SF
− OpEx
−$8.3K −$3.61/SF
NOI
$19.4K $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%
$387,940
Cap Rate 7%
$277,100
Cap Rate 9%
$215,522
Alternative Uses
Best Use
Multifamily LT 5
$277.1K
$242.5K – $323.3K
NOI $19,397 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$245.3K
$214.7K – $286.2K
NOI $17,174 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$679.7K
$594.8K – $793.0K
NOI $47,582 @ 7.0% cap · market cap 20.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
Explore this area
Business Placement
Demographics for 38108, TN
17,051
Population
7,881
Households
2.2
Avg Household Size
34
Median Age
11%
College-Educated
73%
High-School Grad
7.6 sq mi
ZIP Area
2,244
Density / Sq Mi
$35,435
Median Household Income
$32,126
Median Earnings
$921
Median Rent
$62,600
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 - Professionally managed residential income property with documented updates and repairs across both duplex buildings.
Where is this duplex located?
The property is located at 857 N BINGHAM St Memphis, TN.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two duplex buildings located on one parcel; 2,300 square feet of combined building area; Built in 1953
