372 Dudley St Memphis, TN 38104
This exceptional investment opportunity presents a charming two-unit apartment building ideally situated in Memphis' Midtown neighborhood, boasting convenient proximity to the Medical District. Constructed in 1930, this duplex sits on a sizable 0.522-acre lot and comprises a single, two-story building. Each of the two units offers two bedrooms and one bathroom, currently leased at $700 and $850 per month respectively, generating a substantial monthly rental income. The property is in good-to-fair condition and presents a solid return on investment. The asking price is $190,000, translating to $95,000 per unit. This presents a compelling opportunity for investors seeking a stable, income-producing asset in a desirable Memphis location. The property's address is 372 S Dudley St, Memphis, TN 38104, within Shelby County. This is a rare chance to acquire a well-located, multifamily property with proven rental history in a thriving urban area. The property's size and location make it an attractive prospect for both seasoned investors and those new to the market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.