Rare Midtown wealth-building opportunity! Vacant and easy to show. This 1925 brick Craftsman in the heart of Midtown has been converted into a proven triplex: a spacious 2BR/1BA plus two efficiency units, each with its own kitchen and bathroom, and large flex room with hardwood floors. Main unit has original hardwoods, a fireplace framed by built-in bookcases, French doors, a dining room, breakfast room, an updated kitchen with gas range, two spacious bedrooms and a classic tiled bath. Character runs throughout, from the deep covered front porch to the rear deck. Owner-occupants may qualify for low-down-payment financing while rental income offsets the mortgage, building equity from day one. Multi-family ownership offers diversified income, tax advantages, and long-term appreciation, and one vacancy never means zero income. Minutes to Overton Park, the Memphis Zoo, Broad Avenue Arts District, Overton Square, and Crosstown Concourse, with quick access to Sam Cooper Blvd.
Features
2 bedrooms
2309 sq. ft. floor area
crop_free6000 sq. ft. lot size
cottageDuplex
Property history for 2380 Parkway Place
2022
Sold
$285,000
21 Apr 2022 by Patrecia Goldstein, of Crye-Leike Realtors
2016
Sold
$142,500
24 May 2016 by Jeffrey Moore, of Crye-Leike Commercial
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Local market activity for 2 bedroom duplexes in Memphis
Sold
For Sale
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