865 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 865 N BINGHAM St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 4
- Standard status
- Active
- Size
- 1,296 SF
Taxes and HOA fees
- Tax Annual Amount
- 538
Building Details
- Year built
- 1952
- 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
- Duplex with Year Built 1952
- Professionally managed duplex currently rented for a combined $1,550/mo
- Professionally managed with numerous updates and repairs completed over the past few years
- No showings without an accepted offer; do not approach or disturb tenants
Overview
The property’s leasing status is the key consideration for buyers: the listing indicates there should be no approach or disturbance of tenants. Showings are not available without an accepted offer, so prospective buyers should plan their due diligence accordingly.
For investors seeking a manageable residential income asset, this duplex provides an occupied setup with existing rental income and ongoing professional management. The seller also states they have multiple duplexes on Bingham that may be purchased individually or in bulk, which may appeal to buyers looking to build a multi-property portfolio. The seller requests that buyers do not use creative financing, seller financing, or wholesale arrangements.
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 | $16.6k | $12.84 |
| − Vacancy | −$1.0k | −$0.79 |
| EGI | $15.6k | $12.05 |
| − OpEx | −$4.7k | −$3.61 |
| NOI | $10.9k | $8.43 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.971829
- Latitude
- 35.158781
