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Two-Unit Duplex
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997 S WILLETT ST, Memphis, TN 38114

The property contains separate upper and lower residences with split air conditioning and heating systems.

Property Size2,315 SF
Days on Market10

Property Features for 997 S WILLETT ST

General Information

Standard status Active
Size 2,315 SF
Property subtype Multifamily

Additional Details

Multifamily Units 2

Building Details

Year Built 1925
Construction wood siding
Listing Agency: Morris Realty & Auction
Listed By: Jeff Morris · License #TN 203509
Source: Crexi
Added: Sep 16 Changed: Sep 24 Last Checked: Sep 24 at 2:02PM

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 Morris Realty & Auction

Investment Insights

Based on property information with market context.

This two-unit duplex was built in 1925 and has wood siding. Its 2,315± square feet are arranged as an upper residence with three bedrooms and a lower residence with four bedrooms. The property has two bathrooms, and each unit has a split system for air conditioning and heat.

Key Highlights

  • Two residential units
  • 2,315± SF, per assessor’s office
  • Seven bedrooms total: four downstairs and three upstairs

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency HVAC Service Parking Lot & Garage Pharmacy Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

399
Businesses Nearby

Demographics for 38114, TN

23,559
Population
12,252
Households
1.9
Avg Household Size
38
Median Age
14%
College-Educated
82%
High-School Grad
7.6 sq mi
ZIP Area
3,100
Density / Sq Mi
$32,080
Median Household Income
$28,570
Median Earnings
$897
Median Rent
$79,000
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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - The property contains separate upper and lower residences with split air conditioning and heating systems.
Where is this duplex located?
The property is located at 997 S WILLETT ST Memphis, TN.
What are key features of this property?
This property features: Two residential units; 2,315± SF, per assessor’s office; Seven bedrooms total: four downstairs and three upstairs
More about this property
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