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Occupied Duplex Investment Opportunity

996 UNIVERSITY St Memphis, TN 38107

996 UNIVERSITY St, Memphis, TN, 38107
$185,000
For Sale
$185,000

MULTI_FAMILY - Memphis, TN

Property Size2,709 SF
Price / SF$68.29
Days on Market92

Property Features for 996 UNIVERSITY St

General Information

Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Rooms
Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1
Standard status
Active
Size
2,709 SF

Taxes and HOA fees

Tax Annual Amount
1611

Building Details

Year built
1967
Architectural style
Other
Listing Agency Reedy & Company, REALTORS
4701 Summer Ave, Memphis, TN
Listed by Alex Evans
Added: Apr 20 Checked: Jul 20 at 9:06 am
MLS# 10219661 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 in Memphis, TN, presents an investment opportunity with existing tenants. One unit is occupied with a tenant paying $895 per month, with a lease extending from April 15, 2026, to April 14, 2028. The other unit is occupied by a tenant who has been in the home since 2020 and is on a lease until April 30, 2026, paying $885 per month. A renewal offer has been sent but not yet signed. The property is professionally managed by Reedy and Company. The property size is 2709 square feet.

Key Highlights

  • Duplex with year built 1967
  • One unit is tenant‑occupied and pays $895/month on a lease from 4/15/2026 to 4/14/2028
  • Second unit is tenant‑occupied, paying $885/month, on a lease until 4/30/2026 (renewal sent but not signed)

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Law Firm Real Estate Agency Spa & Massage Center Hair Salon HVAC Service Bakery (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Daycare Center (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Duplex in Memphis, TN with tenants and professional management.
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: Duplex with year built 1967; One unit is tenant‑occupied and pays $895/month on a lease from 4/15/2026 to 4/14/2028; Second unit is tenant‑occupied, paying $885/month, on a lease until 4/30/2026 (renewal sent but not signed)
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