Duplex with Washer/Dryer
925 N WILLETT St Memphis, TN 38107
925 N WILLETT St, Memphis, TN, 38107
$179,000
For Sale
$179,000
MULTI_FAMILY - Memphis, TN
Property Size1,692 SF
Price / SF$105.79
Days on Market69
Property Features for 925 N WILLETT St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2
- Standard status
- Active
- Size
- 1,692 SF
Taxes and HOA fees
- Tax Annual Amount
- 1695
Building Details
- Year built
- 1930
- Architectural style
- Other
Listing Agency
Fast Track Realty, LLC
(901) 767-8770
1045 S Yates, Memphis, TN
Listed by
Verna Littleton
(901) 490-9449
Added: May 13 Checked: Jul 20 at 6:06 am
MLS# 10221462
Listing URL
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 for sale at 925 N Willett St in Memphis, TN features two separate units, with each side offering one bedroom and one bathroom. Both sides include a large kitchen and washer/dryer hookups. The interior is described as neutral, with minor cosmetic work needed to get the units rented out.
The property is located minutes from Rhodes College, Crosstown Concourse, Memphis Zoo, and Midtown, placing it within reach of multiple popular destinations.
The seller will not entertain private seller financing offers, and no wholesalers are requested. For investors or owner-occupants looking for separate living and rental income, the duplex layout allows either to rent both sides or live in one and rent the other.}
The property is located minutes from Rhodes College, Crosstown Concourse, Memphis Zoo, and Midtown, placing it within reach of multiple popular destinations.
The seller will not entertain private seller financing offers, and no wholesalers are requested. For investors or owner-occupants looking for separate living and rental income, the duplex layout allows either to rent both sides or live in one and rent the other.}
Key Highlights
- Duplex built in 1930 with 2 units
- Each unit features 1 bedroom and 1 bathroom
- Large kitchens in both sides, with washer/dryer hookups
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 | $21.7k | $12.84 |
| − Vacancy | −$1.3k | −$0.79 |
| EGI | $20.4k | $12.05 |
| − OpEx | −$6.1k | −$3.61 |
| NOI | $14.3k | $8.43 |
1,692 SF · lease $12.84/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$203.8K
$178.4K – $237.8K
NOI $14,269 @ 7.0% cap · market cap 7.97%
Second Best
Apartment 5plus
$180.5K
$157.9K – $210.6K
NOI $12,634 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$500.1K
$437.6K – $583.4K
NOI $35,004 @ 7.0% cap · market cap 19.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mid-Town Tree Services
Landscaping
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FAQs
What type of property is this?
Duplex - Each side offers 1 bedroom and 1 bath with washer/dryer hookups, with minor cosmetic work needed for leasing readiness.
Where is this duplex located?
The property is located at 925 N WILLETT St Memphis, TN.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: Duplex built in 1930 with 2 units; Each unit features 1 bedroom and 1 bathroom; Large kitchens in both sides, with washer/dryer hookups
