869 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 869 N BINGHAM St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 1
- Standard status
- Active
- Size
- 1,248 SF
Taxes and HOA fees
- Tax Annual Amount
- 525
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 built in 1952
- Rented with combined rent of $1,395/month
- Professionally managed duplex investment
- Layout includes 4 bedrooms and 2 bathrooms
- Seller reports significant updates and repairs over the past few years
Overview
The duplex is located at 869 N Bingham St in Memphis, Tennessee 38108, in Shelby County. The seller notes that additional duplexes on Bingham are available, either individually or as a larger package, depending on buyer preference.
For buyers seeking a residential income asset, this duplex offers an immediately occupied setup with documented care through professional management and recent property improvements. Because access is restricted to post-acceptance, buyers should be prepared to coordinate underwriting and due diligence through the listing process. The seller also states that creative financing or wholesale arrangements are not being offered, and the property is being marketed as a straightforward sale.
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 | $16.0k | $12.84 |
| − Vacancy | −$989 | −$0.79 |
| EGI | $15.0k | $12.05 |
| − OpEx | −$4.5k | −$3.61 |
| NOI | $10.5k | $8.43 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.971819
- Latitude
- 35.158916
