Updated Duplex
For Sale
$125,000
869 N BINGHAM St, Memphis, TN 38108
Duplexes, Traditional, Memphis, TN
Property Size1,248 SF
Price / SF$100.16
Days on Market231
Property Features for 869 N BINGHAM St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 3
Subdivision
ROGERS & HALL JACKSON AVE
Standard status
Active
Size
1,248 SF
Taxes and HOA fees
Tax Annual Amount
525
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# 10216784
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.
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Investment Insights
Based on property information with market context.
This Memphis duplex contains 1,248 square feet and was built in 1952. The property includes four bedrooms and two bathrooms across its residential configuration, with updates and repairs completed over the past few years. Professional management is in place, and the property is currently rented.
Located at 869 N BINGHAM St in Memphis, the property is part of a residential income-property offering. Tenant access is controlled, with showings subject to an accepted offer. The seller also has other duplex properties on Bingham available for separate or bulk purchase.
Located at 869 N BINGHAM St in Memphis, the property is part of a residential income-property offering. Tenant access is controlled, with showings subject to an accepted offer. The seller also has other duplex properties on Bingham available for separate or bulk purchase.
Key Highlights
- Duplex containing 1,248 square feet
- Four bedrooms and two bathrooms
- Built in 1952
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,525
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$210,500
$210.5K
Cap Rate 7%
$150,357
$150.4K
Cap Rate 9%
$116,944
$116.9K
Market Conditions
NOI Build-Up for 1,248 SF
Gross rent
$16.0K $12.84/SF
− Vacancy
−$989 −$0.79/SF
EGI
$15.0K $12.05/SF
− OpEx
−$4.5K −$3.61/SF
NOI
$10.5K $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%
$210,500
Cap Rate 7%
$150,357
Cap Rate 9%
$116,944
Alternative Uses
Best Use
Multifamily LT 5
$150.4K
$131.6K – $175.4K
NOI $10,525 @ 7.0% cap · market cap 8.42%
Second Best
Apartment 5plus
$133.1K
$116.5K – $155.3K
NOI $9,319 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$368.8K
$322.7K – $430.3K
NOI $25,819 @ 7.0% cap · market cap 20.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Income-producing duplex with recent repairs and professional management in Memphis.
Where is this duplex located?
The property is located at 869 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 containing 1,248 square feet; Four bedrooms and two bathrooms; Built in 1952
