Duplex Investment
865 N BINGHAM St Memphis, TN 38108
For Sale
$125,000
MULTI_FAMILY - Memphis, TN
Property Size1,296 SF
Price / SF$96.45
Days on Market134
Property Features for 865 N BINGHAM St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 3, 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 Agency:
Crye-Leike, Inc., REALTORS
(901) 756-8900
Listed By:
William Haynes · License #355990
(865) 454-1124
Added: Mar 14
Changed: Jul 25
Last Checked: Jul 25 at 8:06PM
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.
Investment Insights
Based on property information with market context.
This duplex investment property is for sale with tenant-occupied units and a combined stated rent of $1,550 per month. The property is described as being in terrific condition, with updates and repairs completed over the past few years. Professional management is in place. No showings are available without an accepted offer, and tenants must not be approached or disturbed.
The duplex is located at 865 N Bingham St in Memphis, Tennessee 38108, in Shelby County.
The listing notes the seller has multiple duplexes on Bingham and that additional properties may be purchased individually or in bulk.
The duplex is located at 865 N Bingham St in Memphis, Tennessee 38108, in Shelby County.
The listing notes the seller has multiple duplexes on Bingham and that additional properties may be purchased individually or in bulk.
Key Highlights
- Duplex built in 1952
- Currently rented for a combined $1,550/month
- Professionally managed with updates and repairs completed over the past few years
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 |
1,296 SF · lease $12.84/SF/yr · vacancy 6.17% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex for sale with professionally managed, tenant-occupied units in updated condition.
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: Duplex built in 1952; Currently rented for a combined $1,550/month; Professionally managed with updates and repairs completed over the past few years
