Rented Duplex Investment
869 N BINGHAM St Memphis, TN 38108
For Sale
$125,000
MULTI_FAMILY - Memphis, TN
Property Size1,248 SF
Price / SF$100.16
Days on Market134
Property Features for 869 N BINGHAM St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 2, 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 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 7:06PM
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.
Investment Insights
Based on property information with market context.
This for-sale duplex investment property is described as being in terrific condition, with a history of updates and repairs over the past few years. The units are professionally managed, and the property is currently rented for a combined $1,395 per month. No showings are permitted without an accepted offer, and tenants must not be approached or disturbed.
The duplex is located at 869 N BINGHAM St in Memphis, Shelby County, Tennessee 38108. The seller notes having multiple duplexes on Bingham that may be purchased individually or in bulk.
As provided in the listing remarks, the property is available for an accepted buyer, with the seller stating that creative financing, seller financing, and wholesale arrangements are not being offered.
The duplex is located at 869 N BINGHAM St in Memphis, Shelby County, Tennessee 38108. The seller notes having multiple duplexes on Bingham that may be purchased individually or in bulk.
As provided in the listing remarks, the property is available for an accepted buyer, with the seller stating that creative financing, seller financing, and wholesale arrangements are not being offered.
Key Highlights
- Duplex investment built in 1952
- Currently rented for a combined $1,395/mo
- 4 bedrooms and 2 bathrooms (Bedroom 1–4, Bathroom 1–2) per room layout
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 |
1,248 SF · lease $12.84/SF/yr · vacancy 6.17% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex generating combined rental income, professionally managed, and described as in terrific condition with recent updates.
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 investment built in 1952; Currently rented for a combined $1,395/mo; 4 bedrooms and 2 bathrooms (Bedroom 1–4, Bathroom 1–2) per room layout
