Property Description

Turnkey North Memphis Duplex – Income-Producing with Immediate Upside Looking for a cash-flowing investment with room to grow? This 2BR/1BA duplex in North Memphis checks all the boxes for investors seeking stable income plus upside potential. The Numbers: Side A: Occupied, tenant paying $650/month, lease in place through October 2026 — tenant has expressed interest in staying long-term, meaning day-one cash flow with minimal turnover risk Side B: Currently vacant and move-in ready, with market rent estimated around $750/month — ideal for owner-occupants wanting to house-hack, or investors looking to place a new tenant at market rate Combined potential monthly rent: ~$1,400 Why This Deal Works: With one side already generating income and a lease that runs through late 2026, this property offers immediate cash flow while you fill the vacant unit at today’s market rent.

Features

Swimming Pool:: No
Heating System:: Other (see Remarks)
Cooling System:: Other (see Remarks)
Fireplaces:: 0
Roof Deck:: Composition Shingles
FOUNDATION:: Conventional
Parking Feature:: Street Parking Only

Address Map

Country:: US
State:: TN
County:: Shelby
City:: Memphis
Subdivision:: Meadows & Shelton
Zipcode:: 38107
Street:: MONTGOMERY
Street Number:: 732
Street Suffix:: ST
Floor Number:: 0
Longitude:: W91° 58' 58.1''
Latitude:: N35° 9' 32.8''
Directions:: From Downtown Memphis, take Jackson Ave west to N Montgomery St. Turn right onto N Montgomery St and continue to 732 N Montgomery St, Memphis, TN 38107. The property will be on your right.
Address Direction:: N