Duplex with Two One-Bedroom
For Sale
$140,000
925 N Willett St, Memphis, TN 38107
Two residential units offer separate kitchens, laundry hookups, and a layout suited to rental occupancy or owner residence.
Property Size1,692 SF
Price / SF$82.74
Days on Market165
Property Features for 925 N Willett St
General Information
Standard status
Active
Size
1,692 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Vollintine Evergreen Community Association
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Amenities
washer dryer hookups
Listing Agency:
Fast Track Realty, LLC
Listed By:
Verna Littleton
(901) 490-9449
Source:
Exprealty
Added: May 13
Changed: Oct 2
Last Checked: Oct 23 at 11:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fast Track Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,692-square-foot duplex contains two separate one-bedroom, one-bath units. Each side includes a large kitchen, washer and dryer hookups, and neutral finishes. The property requires minor cosmetic work before the units are rented, providing a straightforward path to occupancy improvements.
Located at 925 N Willett St in Memphis, the property is minutes from Rhodes College, Crosstown Concourse, Memphis Zoo, and Midtown. Both units can be leased, or an owner can occupy one residence while renting the other. The duplex is offered for sale.
Located at 925 N Willett St in Memphis, the property is minutes from Rhodes College, Crosstown Concourse, Memphis Zoo, and Midtown. Both units can be leased, or an owner can occupy one residence while renting the other. The duplex is offered for sale.
Key Highlights
- Two‑unit duplex totaling 1,692 square feet
- Each unit includes 1 bedroom and 1 bath
- Large kitchen in each side with washer and dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,634
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$252,680
$252.7K
Cap Rate 7%
$180,486
$180.5K
Cap Rate 9%
$140,378
$140.4K
Market Conditions
NOI Build-Up for 1,692 SF
Gross rent
$24.6K $14.52/SF
− Vacancy
−$1.6K −$0.94/SF
EGI
$23.0K $13.58/SF
− OpEx
−$10.3K −$6.11/SF
NOI
$12.6K $7.47/SF
Area
Memphis, TN
Vacancy
6.50%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$252,680
Cap Rate 7%
$180,486
Cap Rate 9%
$140,378
Alternative Uses
Best Use
Multifamily LT 5
$203.8K
$178.4K – $237.8K
NOI $14,269 @ 7.0% cap · market cap 10.19%
Second Best
Apartment 5plus
$180.5K
$157.9K – $210.6K
NOI $12,634 @ 7.0% cap · market cap 9.02%
Theoretical Best
Office A
$500.1K
$437.6K – $583.4K
NOI $35,004 @ 7.0% cap · market cap 25.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Explore this area
Business Placement
Demographics for 38107, TN
15,655
Population
8,093
Households
1.9
Avg Household Size
37
Median Age
24%
College-Educated
87%
High-School Grad
5.4 sq mi
ZIP Area
2,899
Density / Sq Mi
$36,393
Median Household Income
$34,958
Median Earnings
$999
Median Rent
$128,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separate kitchens, laundry hookups, and a layout suited to rental occupancy or owner residence.
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 $140,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,692 square feet; Each unit includes 1 bedroom and 1 bath; Large kitchen in each side with washer and dryer hookups
