Duplex with Recent
For Sale
$125,000
865 N BINGHAM St, Memphis, TN 38108
Duplexes, Traditional, Memphis, TN
Property Size1,296 SF
Price / SF$96.45
Days on Market231
Property Features for 865 N BINGHAM St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1
Subdivision
ROGERS & HALL JACKSON AVE
Standard status
Active
Size
1,296 SF
Taxes and HOA fees
Tax Annual Amount
538
Building Details
Year built
1952
Architectural style
Other
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 30 at 3:06PM
MLS# 10216782
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-unit residential property contains 1,296 square feet and was built in 1952. The layout includes four bedrooms and two bathrooms, with updates and repairs completed over the past few years. The property is currently tenant-occupied and professionally managed.
Showings require an accepted offer, and access is subject to tenant protections. The property is available for individual purchase, while additional duplexes owned by the seller on Bingham may also be available separately or in bulk.
Showings require an accepted offer, and access is subject to tenant protections. The property is available for individual purchase, while additional duplexes owned by the seller on Bingham may also be available separately or in bulk.
Key Highlights
- Two‑unit duplex totaling 1,296 square feet
- Four bedrooms and two bathrooms
- Built in 1952
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,930
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,600
$218.6K
Cap Rate 7%
$156,143
$156.1K
Cap Rate 9%
$121,444
$121.4K
Market Conditions
NOI Build-Up for 1,296 SF
Gross rent
$16.6K $12.84/SF
− Vacancy
−$1.0K −$0.79/SF
EGI
$15.6K $12.05/SF
− OpEx
−$4.7K −$3.61/SF
NOI
$10.9K $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%
$218,600
Cap Rate 7%
$156,143
Cap Rate 9%
$121,444
Alternative Uses
Best Use
Multifamily LT 5
$156.1K
$136.6K – $182.2K
NOI $10,930 @ 7.0% cap · market cap 8.74%
Second Best
Apartment 5plus
$138.2K
$121.0K – $161.3K
NOI $9,677 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$383.0K
$335.2K – $446.9K
NOI $26,812 @ 7.0% cap · market cap 21.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Income-producing duplex with two residential units and recent updates and repairs.
Where is this duplex located?
The property is located at 865 N BINGHAM St Memphis, TN.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,296 square feet; Four bedrooms and two bathrooms; Built in 1952
