2162 Griggs Ave Memphis, TN 38108
Listing Courtesy of: MEMPHIS / Coldwell Banker Collins-Maury / Mark Wilson

  2162 Griggs Ave Memphis, TN 38108

Active (133 Days)
$149,900 (USD)
1
BED
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Description

Cash-flowing Turnkey Memphis duplex investment offered at $149,900 with immediate income in place. This fully occupied duplex features two 1BR/1BA units, each leased at $750/month, generating $18,000 in gross annual rent. At current rents, the property offers an approximate 9% cap rate and a strong GRM around 8.3 (buyer to verify all financials). Both units include updated kitchens, tile baths with tile surrounds, luxury vinyl plank flooring in living and bedroom areas, tile in kitchens and baths, double-pane vinyl windows, ceiling fans, covered front porch, security doors, and a huge backyard. A solid, stabilized asset ideal for investors seeking reliable income. Do not disturb tenants, drive by only. Make offers contingent upon viewing inside. No wholesalers, assignments, or creative seller financing.

MLS #:
10204601
Taxes
$530
Type
Multifamily
Year Built
1945
Style
Bungalow
County
Shelby County

Listed By

Mark Wilson, Coldwell Banker Collins-Maury
Source
MEMPHIS
Last checked Jan 9 2026 at 8:57 AM GMT+0000
Bathroom Details
Interior Features
  • Interior Features : All Window Treatments
  • Interior Features : Cat/Dog Free House
  • Appliances : Range/Oven (Freestanding)
Subdivision
  • Hyde Park Blk C
Lot Information
  • Other (See Remarks)
  • Level
  • Some Trees
Property Features
  • Fireplace: 0
Heating and Cooling
  • Wall Heat
  • Gas
  • Other (See Remarks)
Flooring
  • Vinyl Floor
Exterior Features
  • Roof: Composition Shingles
Utility Information
  • Utilities: Gas
Parking
  • Driveway/Pad
  • Street Parking Only
Stories
  • 1

Listing Price History

Date
Event
Price
% Change
$ (+/-)
Jan 06, 2026
Price Changed
$149,900
0%
-$100
Location
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Disclaimer: Some or all of the listings displayed may not belong to the firm whose website is being visited. Listing content and images Copyright 2026 Memphis Area Association of REALTORS®. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it.
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The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service, and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification. Affiliated real estate agents are independent contractor sales associates, not employees. ©2025 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Realogy Brokerage Group LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.