869 N BINGHAM St Memphis, TN 38108
MULTI_FAMILY - Memphis, TN
- Added:
- Mar 14, 2026
- Days on Market:
- 121
- Last Refresh:
- Jul 12 at 1:06 am
Property Features for 869 N BINGHAM St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2
- 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.
Investment Insights
Based on property information with market context.
The property is located at 869 N Bingham St in Memphis, TN 38108, within Shelby County. The listing is being offered as a duplex investment opportunity in a city setting, with the current operating setup maintained through professional management.
For buyers looking for a duplex structure with an in-place rental arrangement, this unit provides a straightforward residential income configuration. Recent improvement work and ongoing management are key considerations for an owner-operator or investor seeking a managed, updated duplex rather than a fully value-add redevelopment. The seller also notes that additional duplexes on Bingham are available for purchase individually or in bulk, subject to an accepted offer.
Key Highlights
- Duplex built in 1952 with 4 bedrooms and 2 bathrooms total
- Currently rented for combined rent of $1,395/month
- Professionally managed property with multiple updates and repairs completed in recent years
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 |
