Memphis TN Multi Family for Sale
$149,000
2773 WAVERLY Ave Memphis, TN 38114
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Year built:
- 1954
- Baths:
- MLS#:
- 10184759
- Subdivision:
- FAIRLAND
View additional info
Courtesy: Fast Track Realty, LLC
901-767-8770
Jonathan Nunez
ADDITIONAL INFORMATION
Beautifully renovated duplex featuring two 2-bedroom, 1-bath units, each designed for comfort and style. Both units have been updated with fresh finishes throughout. Major upgrades include a new HVAC system, plus electrical and roof work done just 2 years ago, ensuring peace of mind and energy efficiency. This turnkey property is perfect for those looking to invest! Don't miss out on this property!
- Type:
- Triplex
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Year built:
- 1922
- Baths:
- MLS#:
- 10184699
- Subdivision:
- MEACHAM RE BLK 23
View additional info
Courtesy: Marx-Bensdorf, REALTORS
901-682-1868
Andrea Hayes
ADDITIONAL INFORMATION
Building with 3 units in desirable Central Gardens. Close to everything! Strong rental history with happy, long-term tenants. Two units with 2 bedrooms down and one unit with 3 bedrooms upstairs. Two of the units have been recently renovated. Each unit features all appliances, central heat & air, in-suite washer/dryer, original hardwood floors, a spacious front porch, and convenient parking in the rear. Tall ceilings + lots of midtown charm. New roof 2021. Tenants pay all utilities + the low expenses make this a great cash flowing property. Current gross rent: $4,050. Please DO NOT disturb tenants. Drive-by only!
$539,901
512 MCELROY Rd Memphis, TN 38120
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Year built:
- 1985
- Baths:
- MLS#:
- 10184658
- Subdivision:
- BRUCE ELLINGTON RESUB LOTS 2&3
View additional info
Courtesy: 901, REALTORS
Dylan Johnson
ADDITIONAL INFORMATION
"RARE FIND! Appraisal in hand for $565,000 from 2023. Instant Equity. UNBELIEVABLE OPPORTUNITY to purchase a home divided into TWO units. Both sides are 3 bedrooms with 2 baths with almost 2k feet of living space! HUGE income potential. Live in one and rent the other. Rent them both or have multiple families living together... endless possibilities in this highly desirable neighborhoods with easy access to local parks, shopping, and dining. You will not find another opportunity like this in the neighborhood with gorgeous new buildings going up around it, this is gold mine. Both sides very nicely updated and clean. Featuring spacious living areas filled with natural light, a beautifully updated kitchen with stainless steel appliances This charming residence combines modern comforts with classic Southern charm."
$300,000
123 MAJUBA Dr Memphis, TN 38109
- Type:
- Fourplex
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Year built:
- 1957
- Baths:
- MLS#:
- 10184655
- Subdivision:
- SPION KOP BLK 12
View additional info
Courtesy: eXp Realty, LLC
Tonji Cromwell
ADDITIONAL INFORMATION
Four 1-Bedroom, 1-Bathroom Units are an excellent investment opportunity! Each unit is move-in ready with central heating and air conditioning. Separate gas and water connections for each unit; Individual washer and dryer connections; Dedicated parking pads for all units; New roof, electrical, and plumbing; Newly installed windows for energy efficiency; Low maintenance! Half of the units are occupied, rent is $700/month. This property promises a reliable cash flow and a well-maintained, low-effort investment!
$159,999
1303 E TRIGG Ave Memphis, TN 38106
- Type:
- Fourplex
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Year built:
- 1920
- Baths:
- MLS#:
- 10184614
- Subdivision:
- CRESENT LAND CO
View additional info
Courtesy: Franchise Realty, LLC
901-308-2819
Randall Garrett
ADDITIONAL INFORMATION
4 unit apartment complex recently fully renovated and leased. Total rents are $2,825 per month. Please do not disturb tenants.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Year built:
- 1917
- Baths:
- MLS#:
- 10184577
- Subdivision:
- GRAVES J R
View additional info
Courtesy: Fast Track Realty, LLC
901-767-8770
Beth Glosson
ADDITIONAL INFORMATION
Discover an incredible investment opportunity in this unique duplex, expertly converted into a quadplex. Each unit is being sold furnished and offers an inviting atmosphere for future residents. Every floor plan is slightly different- one studio, one 1/1, one 2/1, and one 2/1.5. The full basement provides additional storage for all. Multiple units are currently being used as an Airbnb. Property was recently at 100% occupancy with previous combined rents totaled $6750 per month. Situated in Central Gardens, this quad is designed for steady income and low vacancy rates. This building underwent extensive renovations in 2018 featuring updates that include refinished hardwoods, updated kitchens and baths, updated electric and plumbing and a brand new driveway. Additional parking available in the rear. Earnest money payable to and held by Shelley Rothman, GCEM. Email all offers to BOTH listing agents. Advanced notice required on all showings.
$579,000
1464 PEABODY Ave Memphis, TN 38104
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Year built:
- 1915
- Baths:
- MLS#:
- 10184439
- Subdivision:
- KIMBROUGHS UNION AVE
View additional info
Courtesy: Sowell, Realtors
901-278-4380
Linda Sowell
ADDITIONAL INFORMATION
This elegant duplex in the heart of Central Gardens is open and spacious with lots of character and architectural details. Lovely hardwood floors, high ceilings, great moldings, beautiful sunrooms, lots of natural light, plus covered parking.
$485,000
3970 SOUTHLAWN Ave Memphis, TN 38111
- Type:
- Apartment Building
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1965
- Baths:
- MLS#:
- 10184193
- Subdivision:
- PHILPOTS GETWELL
View additional info
Courtesy: Diversified Real Estate
Reed Rickenbach
ADDITIONAL INFORMATION
Offered along with 3969 Southlawn (6 Unit Next Door) - 3970 Southlawn presents a 5-unit apartment building within walking distance to both UofM campuses. 5 of 5 units renovated. All units are 2 bed 1 bath, one of which being a two-story townhome. Central heat/air. Current rent roll $4,490 (one unit listed for rent) with a market potential rent of $6,050 (per 2024 published HUD rents for 38111). Combined rent roll with both properties is $9,090 with a market potential of $13,030. Add these 11 units to your portfolio today!
$535,000
3969 SOUTHLAWN Ave Memphis, TN 38111
- Type:
- Apartment Building
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1965
- Baths:
- MLS#:
- 10184191
- Subdivision:
- SOUTHLAWN COMMERCIAL
View additional info
Courtesy: Diversified Real Estate
Reed Rickenbach
ADDITIONAL INFORMATION
Offered along with 3970 Southlawn (5 Unit Next Door) - 3969 Southlawn presents a 100% occupied 6-unit apartment building within walking distance to both UofM campuses. 4 of 6 units renovated. Central heat/air. Current rent roll $4,600 (one unit listed for rent) with a market potential of $6,980 (per 2024 published HUD rents for 38111). Combined rent roll with both properties is $9,090 with a market potential of $13,030. Add these 11 units to your portfolio today!
$105,000
821 PEARCE St Memphis, TN 38107
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1948
- Baths:
- MLS#:
- 10184238
- Subdivision:
- CHURCHWOOD TERRACE S/D
View additional info
Courtesy: CrestCore Realty MphsBrokerage
Dean Harris
ADDITIONAL INFORMATION
Fantastic investment opportunity in the Shelby area. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted
- Type:
- Fourplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1922
- Baths:
- MLS#:
- 10184196
- Subdivision:
- MCLAUGHLIN
View additional info
Courtesy: Crye-Leike, Inc., REALTORS
901-756-8900
Africa McCloy
ADDITIONAL INFORMATION
This is a brand newly renovated, beautifully finished fourplex (with buildable bonus lot). Features two, lovely partially furnished duplexes with granite counters, stainless steel appliances, all tile floors and modern decor throughout. Lot is secured with wrought iron access-controlled gate, camera & automated lighting system and the location is .39 miles from Cooper-Young and right up the street from the new $56M Liberty Park mixed use development. A great Midtown-convenient asset!
$429,500
1535 VANCE Ave Memphis, TN 38104
- Type:
- Triplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1926
- Baths:
- MLS#:
- 10184209
- Subdivision:
- KIMBROUGHS UNION AVE
View additional info
Courtesy: Morris Realty & Auction, LLC
901-565-7770
Jeff Morris
ADDITIONAL INFORMATION
Owned by the same family since it was built in 1926. 4 BR living unit on 1st floor. 2 1-BR units up. Separate front door for up units. Nice fenced wood deck side yard. Separate meters for electric and gas. Units up last rented for $1,200/mo. Original hardwood floors, central gas boiler for radiator heat. Plans have been drawn and available to renovate/modernize 1st floor unit.
$535,000
374 N DUNLAP St Memphis, TN 38105
- Type:
- Apartment Building
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.34 Acres
- Year built:
- 1959
- Baths:
- MLS#:
- 10184186
- Subdivision:
- Lane
View additional info
Courtesy: Prime Real Estate Group
Jessica Sewell
ADDITIONAL INFORMATION
Located in a strong rental neighborhood, this value-add investment is strategically positioned for a new buyer. The opportunity provides a new investor with the ability to achieve significant upside from a well-located asset. The property is located just 1 block from the Medical District and 1 mile from the Crosstown Concourse. Nicely manicured with an open, U shaped layout, the property feels large and welcoming. All units feature 1 bedroom and 1 bathroom. The current owner has fully renovated 6 of the 10 units along with other capital improvements, including window, plumbing, and electrical updates, as well as a new roof in 2022. A few upgrades and some well-placed capital improvements by a new investor can significantly drive both rents and long-term value.
$135,000
1510 N MERTON St Memphis, TN 38108
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1964
- Baths:
- MLS#:
- 10184184
- Subdivision:
- Fairfax
View additional info
Courtesy: Prime Real Estate Group
Jessica Sewell
ADDITIONAL INFORMATION
Well performing duplex. Both units are 2 bed, 1 bath. Tenants pay all utilities and provide appliances. Both units are rented at $650.
$125,000
2161 HOWELL Ave Memphis, TN 38108
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1950
- Baths:
- MLS#:
- 10184183
- Subdivision:
- Boots & Turner Springdale Park
View additional info
Courtesy: Prime Real Estate Group
Jessica Sewell
ADDITIONAL INFORMATION
Great duplex in Vollintine. One side renovated in 2023, tenant at $550. Second unit just renovated, currently being marketed for a tenant. Both units are 1 bed, 1 bath. Tenants pay all utilities and provide appliances.
$149,999
1423 BOXWOOD St Memphis, TN 38108
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1953
- Baths:
- MLS#:
- 10184006
- Subdivision:
- NORWOOD
View additional info
Courtesy: Bryan Realty Group
Michael Bryan
ADDITIONAL INFORMATION
Both units tenant-occupied. Do no approach or disturb tenants. No showings until offer has been accepted.
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1928
- Baths:
- MLS#:
- 10183965
- Subdivision:
- JACKSON HGTS
View additional info
Courtesy: Broker South Realty
Sam Hanks
ADDITIONAL INFORMATION
"Location, location and LOCATION! Spacious duplex at Vollintine-Evergreen available at discounted price! Two bedrooms/ one bath each side with a total 1939 square feet per assessor records. 50 feet by 131 feet elevated lot with a long driveway and backyard is 90 percent fenced in. Neighborhood has many renovated houses. Unpainted brick exterior is in good shape. Will need a COMPLETE exterior and interior renovation but the neighborhood is worth the money! A total trashout on both sides is done. Electric safety inspection is completed for 897 Willett so that new owner will be able to start renovation with power immediately.
$299,999
259 MARYLAND Ave Memphis, TN 38126
- Type:
- Fourplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1958
- Baths:
- MLS#:
- 10183964
- Subdivision:
- COCKE CAROLINE J
View additional info
Courtesy: Franchise Realty, LLC
901-308-2819
Randall Garrett
ADDITIONAL INFORMATION
Renovation is now complete. We are now marketing for lease. Gross potential rent is $3,610/month. Complete turnkey investment. Start making money day one!
$229,900
2525 ROZELLE St Memphis, TN 38114
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 2005
- Baths:
- MLS#:
- 10183950
- Subdivision:
- ALCY HILLS SEC A FIRST ADDN
View additional info
Courtesy: eXp Realty, LLC
Donnie Morrow
ADDITIONAL INFORMATION
Calling all investors, instant cash flow!! Nicely updated duplex with 3 BR/1.5 BA units. Open floor plan with large living room/dining room combo & kitchen features updated luxury vinyl flooring ~ Updated kitchen has modern appeal & long lasting subway tile back splash ~ Nice sized bedrooms ~ Unit 2527 is currently rented Section 8 for $1250/mo. At full occupancy this would easily exceed 1% rent ratio!
- Type:
- Apartment Building
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1962
- Baths:
- MLS#:
- 10183900
- Subdivision:
- HARVEY
View additional info
Courtesy: Heritage Homes Co.
901-755-2000
Adam Underwood
ADDITIONAL INFORMATION
Vacant. Be careful. Show with caution. Marked as dangerous building by City of Memphis. Possibly salvageable. Possibly a full demo. There is fire damage in the rear. Short sale. All offers will be presented by buyer to the lender.
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1954
- Baths:
- MLS#:
- 10183910
- Subdivision:
- CRESCENT LAND CO
View additional info
Courtesy: Crye-Leike, Inc., REALTORS
901-756-8900
Tyler Tapley
ADDITIONAL INFORMATION
Investors only! Duplex for sale (1 bed /1bath) each side. ONLINE VIDEO AVAILABLE UPON REQUEST. One unit is occupied at $550 & rented at $525 ($1075 total rent). Property is professionally managed (lease & ledger available). Recent renovations include: window ac units, new paint, new flooring on one side (LVP), new cabinets on one side, new water heater on one side, new doors & knobs. ONLINE VIDEO AVAILABLE UPON REQUEST. Don't approach or disturb tenants no showings without an accepted offer. Seller isn't interested in creative financing or owner financing. No wholesalers or assignments please.
$250,000
3468 BOWEN Ave Memphis, TN 38122
- Type:
- Fourplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.23 Acres
- Year built:
- 1925
- Baths:
- MLS#:
- 10183809
- Subdivision:
- HIGHLAND HEIGHTS BLK 14
View additional info
Courtesy: Memphis Metro Realty
Randall Weatherall
ADDITIONAL INFORMATION
Investors, here is your chance to get a 4-unit complex in a HOT part of town - close to Summer Ave., Berclair, Midtown and a lot of jobs! This spot has had a huge come-up in the last few years, with new businesses, apartment buildings, and city betterment initiatives going on nearby. Get in while it's affordable and reap the rewards for years to come with a cashflowing property offered at a killer price! 4 units total, 1 eff., 2 x 1/1 units, and 1 x 2/1 unit with a common laundry. Anchor tenant in place that keeps the property looking good and clean. The two rear ADUs are occupied currently and the front duplex is vacant and ready for tenants. Current rents are $475+$100/month for rent and utilities. Other is $685+$123.25/mon. Market rents for vacant units is $750 and $850 per month with $100-125/unit utility billback in lease. 2 units are vacant because current owner does not like Sec. 8 - if you aim for thatt, they should be filled pretty quickly!
$200,000
2527 UNION Ave Memphis, TN 38112
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1958
- Baths:
- MLS#:
- 10183710
- Subdivision:
- PETTUS DAVIS OF PT COLLIER TRACT
View additional info
Courtesy: Crye-Leike, Inc., REALTORS
901-754-0800
James Anson Underwood
ADDITIONAL INFORMATION
Cash offers only on this property- Terrific opportunity to tighten up this duplex to have an investment property within walking distance to shopping and restaurants and the Liberty Bowl. This property does need some improvements (some sheetrock, electric, paint and kitchen work) but the guts are solid and the location is great. 2 beds 1 bath on one side, and 2 beds and 2 baths on the other side. Rent range for side 1 should be $1000-1100 and rent range for side 2 should be $1200-1300. This property is temporarily boarded up.
$90,000
1376 SOUTH Ave Memphis, TN 38106
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1957
- Baths:
- MLS#:
- 10183480
- Subdivision:
- WEST DIXIE HEIGHTS BLK 3
View additional info
Courtesy: Fast Track Realty, LLC
901-767-8770
Jonathan Nunez
ADDITIONAL INFORMATION
This well-maintained duplex is an excellent investment opportunity, featuring two separate units, each with 1 bedrooms and 1 bath. Both units are currently occupied by reliable tenants, ensuring a steady rental income.
$389,900
1577 COURT Ave Memphis, TN 38104
- Type:
- Apartment Building
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1910
- Baths:
- MLS#:
- 10183222
- Subdivision:
- COURTLAND PL
View additional info
Courtesy: Renshaw Company, REALTORS
901-820-4367
Caleb Parr
ADDITIONAL INFORMATION
This Midtown Home Is Sure To Please! This Home Can Be Used For Single Family or Multi Family. Currently Has 3 Units,1 (1 bedroom 1 bath), 2 (2 bedrooms, 1 bath), Kitchens, Hardwood Floors, NO Carpet, & Lots of Storage! This was a successful short term rental previously. Seller no longer travels back to Memphis for work, so they've decided to sell. Possibility of assumable VA loan w/3.375% interest rate. Vacant, easy to show!
All information provided is deemed reliable but is not guaranteed and should be independently verified. Such information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site is courtesy of the Memphis Area Association of Realtors Internet Data Exchange Program. Copyright 2024 Memphis Area Association of REALTORS. All rights reserved.
Memphis Real Estate
The median home value in Memphis, TN is $185,000. This is lower than the county median home value of $206,500. The national median home value is $338,100. The average price of homes sold in Memphis, TN is $185,000. Approximately 40.23% of Memphis homes are owned, compared to 45.77% rented, while 14% are vacant. Memphis real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Memphis real estate agent to arrange a tour today!
Memphis, Tennessee has a population of 634,139. Memphis is less family-centric than the surrounding county with 18.89% of the households containing married families with children. The county average for households married with children is 25.11%.
The median household income in Memphis, Tennessee is $43,981. The median household income for the surrounding county is $55,015 compared to the national median of $69,021. The median age of people living in Memphis is 34.2 years.
Memphis Weather
The average high temperature in July is 90.9 degrees, with an average low temperature in January of 30.3 degrees. The average rainfall is approximately 54.1 inches per year, with 3 inches of snow per year.