Occupied Duplex With Property
New
For Sale
$185,000
996 University St, Memphis, TN 38107
Two-unit residential income property with both units occupied under separate lease arrangements.
Property Size2,709 SF
Price / SF$68.29
Days on Market4
Property Features for 996 University St
General Information
Standard status
Active
Size
2,709 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
1967
Tenancy
Multi
Listing Agency:
Reedy & Company, REALTORS
Listed By:
Alex Evans
(901) 692-3195
Source:
Bryanrealty
Added: Sep 22
Changed: Sep 23
Last Checked: Sep 24 at 2:48PM
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 Reedy & Company, REALTORS
Investment Insights
Based on property information with market context.
This 2,709-square-foot duplex, built in 1967, is fully occupied across its two residential units. One tenancy runs through April 14, 2028, while the second extends through April 30, 2026; a renewal has been offered for the latter, but has not been executed.
Professional property management is in place through Reedy and Company. The property is located at 996 University St in Memphis, Tennessee. Property access for showings is available only after an offer has been accepted.
Professional property management is in place through Reedy and Company. The property is located at 996 University St in Memphis, Tennessee. Property access for showings is available only after an offer has been accepted.
Key Highlights
- Two‑unit duplex with both residences currently occupied
- 2,709 square feet of building area
- Built in 1967
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
240
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property with both units occupied under separate lease arrangements.
Where is this duplex located?
The property is located at 996 University St Memphis, TN.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Two‑unit duplex with both residences currently occupied; 2,709 square feet of building area; Built in 1967
