Renovated Duplex with Two 2BR
For Sale
$309,900
949 S COX St, Memphis, TN 38104
MULTI_FAMILY - Memphis, TN
Property Size1,853 SF
Price / SF$167.24
Days on Market51
Property Features for 949 S COX St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 1
Subdivision
MT ARLINGTON S/D BLK R
Standard status
Active
Size
1,853 SF
Taxes and HOA fees
Tax Annual Amount
1832
Building Details
Year built
1922
Architectural style
Other
Listing Agency:
REMAX Experts · RE/MAX International
(901) 685-6000
Listed By:
Brooke Smith
(901) 605-7879
Added: Jun 11
Changed: Jul 29
Last Checked: Jul 31 at 7:06PM
MLS# 10223867
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 renovated duplex features two separate units, each laid out with two bedrooms, a kitchen, a cozy living room with a faux fireplace, and an in-unit laundry room. Interior updates include updated finishes while retaining original hardwood, trim, and doors that blend modern conveniences with midtown character. The property also includes an inviting front porch and has renovations that include a new roof intended to help minimize maintenance.
Located at 949 S COX St in Memphis, TN 38104, the home is described as being just minutes from the Cooper-Young district and within walking distance of local restaurants and entertainment. The listing positions the property in the heart of Midtown, with access to neighborhood retail and dining options.
For investors, this is a two-unit residential income property with a reported history of always being occupied, providing a straightforward duplex structure for ongoing rental operations. For owner-occupants considering a house-hack approach, the layout supports living in one unit while renting the other, using the existing two-unit design to create separate living arrangements under one ownership.
Located at 949 S COX St in Memphis, TN 38104, the home is described as being just minutes from the Cooper-Young district and within walking distance of local restaurants and entertainment. The listing positions the property in the heart of Midtown, with access to neighborhood retail and dining options.
For investors, this is a two-unit residential income property with a reported history of always being occupied, providing a straightforward duplex structure for ongoing rental operations. For owner-occupants considering a house-hack approach, the layout supports living in one unit while renting the other, using the existing two-unit design to create separate living arrangements under one ownership.
Key Highlights
- Renovated 1922 duplex with 2 units in Midtown
- Each unit features 2 bedrooms, a kitchen, a living room, and a laundry room
- Updated interior while preserving original hardwood, trim, and doors
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 | $23.8k | $12.84 |
| − Vacancy | −$1.5k | −$0.79 |
| EGI | $22.3k | $12.05 |
| − OpEx | −$6.7k | −$3.61 |
| NOI | $15.6k | $8.43 |
1,853 SF · lease $12.84/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$223.2K
$195.3K – $260.5K
NOI $15,627 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$197.7K
$173.0K – $230.6K
NOI $13,836 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$547.6K
$479.2K – $638.9K
NOI $38,335 @ 7.0% cap · market cap 12.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
750
Businesses Nearby
Explore this area
Business Placement
Demographics for 38104, TN
22,584
Population
14,315
Households
1.6
Avg Household Size
38
Median Age
52%
College-Educated
93%
High-School Grad
5.0 sq mi
ZIP Area
4,517
Density / Sq Mi
$56,452
Median Household Income
$48,300
Median Earnings
$1,073
Median Rent
$301,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated duplex offering two updated 2-bedroom units with laundry, kitchen, and inviting front porch.
Where is this duplex located?
The property is located at 949 S COX St Memphis, TN.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Renovated 1922 duplex with 2 units in Midtown; Each unit features 2 bedrooms, a kitchen, a living room, and a laundry room; Updated interior while preserving original hardwood, trim, and doors
