Memphis TN Multi Family for Sale

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Type:
Apartment
Sq.Ft.:
n/a
Status:
NEW LISTING
Beds:
n/a
Year built:
1963
Baths:
MLS#:
10185043
Subdivision:
PEABODY

ADDITIONAL INFORMATION

Type:
Triplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1922
Baths:
MLS#:
10184699
Subdivision:
MEACHAM RE BLK 23

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!

Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1917
Baths:
MLS#:
10184577
Subdivision:
GRAVES J R

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.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1915
Baths:
MLS#:
10184439
Subdivision:
KIMBROUGHS UNION AVE

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.

Type:
Apartment Building
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1910
Baths:
MLS#:
10183222
Subdivision:
COURTLAND PL

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!

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
2024
Baths:
MLS#:
10183130
Subdivision:
GARLAND PL

ADDITIONAL INFORMATION

This is a rare opportunity to own a new duplex that is conveniently located in walkable neighborhood near the Cleveland Concourse. Each unit has an open floor plan with high ceilings ,spacious rooms , nice finishes and very high ceiling. The quality construction is evident with so much attention to detail. There is ample parking. This property is perfect for an owner occupant or an investor looking for turnkey units. Very attractive facade that blends well with the neighborhood. 4 bedrooms 2 baths up and 3 bedrooms 2 baths down. Great kitchens. Special financing is available for owner occupant with no income limit!

Type:
Triplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1914
Baths:
MLS#:
10182636
Subdivision:
VOGELI

ADDITIONAL INFORMATION

**PRICE REDUCED** Historic triplex planted in the heart of Midtown Memphis! Super deep lot and all new major systems (Roof, HVAC, water heater)! The well-built house boasts 3 units: one studio, one 1br/1ba with a pergola patio, and one 2br/1 ba with a balcony! Expand your portfolio or become an owner occupant to cover your monthly payment with rent from the other 2 units! This property qualifies for multiple down payment assistance programs for owner occupant buyers. This property has TONS of upside for pushing rents above $3k a month, for the seasoned investor. Each unit is ready to rent! Call the listing agents today for more information.

Type:
Apartment Building
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
0.2 Acres
Year built:
2021
Baths:
MLS#:
10182486
Subdivision:
GREENLAND PL

ADDITIONAL INFORMATION

This newer triplex consists of 3 large 2 bedroom 2 bath units with lots of modern amenities including modern kitchens and washers and dryers and balconies. The scheduled monthly income is 6300 per monthl. Drive by only Please do not disturb residents.

Type:
Fourplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
0.06 Acres
Year built:
2020
Baths:
MLS#:
10182485
Subdivision:
EAST END PARK PLACE

ADDITIONAL INFORMATION

This newer 4 plex consists of all large 2 bedroom 2 bath units with lots of modern amenities, including washers and dryers and modern kitchens . The scheduled monthly income is 7200 per month. Drive by only. Please do not disturb residents.

Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1910
Baths:
MLS#:
10182439
Subdivision:
CARR

ADDITIONAL INFORMATION

SELLER IS HIGHLY MOTIVATED. ENTERTAINING ALL OFFERS. SOLD AS PACKAGE ONLY. 1319 Harbert (5 units) is only sold in unison with 1329 Harbert (9 units) Located in Midtown Memphis, this 5 unit historic building has been recently renovated in 2023. Laundry in basement, heating is boiler system. Cooling - half central, half wall units. Gas hot water heater. Do not disturb tenants. Call agent for details and showing. PACKAGE PRICE: $899,000

Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1962
Baths:
MLS#:
10182542
Subdivision:
BELVEDERE GARDENS CONDOS 2ND AMENDMENT

ADDITIONAL INFORMATION

Buy these condos Individually or as a Discounted Package! Hereâ??s your chance to add two cash-flowing assets to your real estate portfolio. These 2-bedroom, 1-bath condos are available individually or as a package deal, offering a $10,000 discount when purchased together. The HOA payment for one of the units is $160/ month but includes water, trash and landscaping services. The units have dedicated off street parking for both units and each unit already has property management and tenants already in place. The property on 105 n Belvedere unit #6 is renting for $1,050/ month. The property at 45 n Belvedere unit 108 is renting for $550/month. Contact for more info on lease duration and expenses.

Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1917
Baths:
MLS#:
10180386
Subdivision:
SNOWDEN HOMESTEAD

ADDITIONAL INFORMATION

Beautiful 6 unit multifamily in the heart of midtown with easy access to the medical district, dining, shopping and entertainment. Fully occupied with value add opportunity with cosmetic upgrades. A must see for any investor.

Type:
Triplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
0.19 Acres
Year built:
1930
Baths:
MLS#:
10178527
Subdivision:
M C WELLFORD BLK 2

ADDITIONAL INFORMATION

Features 2 townhouse style units with 2 bedrooms & 1.5 baths and 1 detached unit with 1 bedroom & 1 bath. All units have been rehabbed with new kitchens and updated baths. Granite countertops, stainless steel appliances, modern cabinetry, new roof, new HVAC for each unit, updated electrical & plumbing with full size washers & dryers. The scheduled monthly income is 3,450. Drive by only. Please do not disturb residents.

Type:
Apartment Building
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1913
Baths:
MLS#:
10178236
Subdivision:
COURTLAND PLACE

ADDITIONAL INFORMATION

3 Renovated units, a one bedroom and two, three bedroom apartments. All are large and have been renovated from the studs out within the past 12 years.. Excellent large units with a solid rental history and tenants who are happy and want to stay! PLEASE DON NOT DISTURB TENANTS, DRIVE BY ONLY! Showings with accepted offer only!

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1920
Baths:
MLS#:
10176486
Subdivision:
SPEEDWAY TERR BLK B

ADDITIONAL INFORMATION

Amazing opportunity to buy this wonderful duplex steps away from Crosstown Concourse in Midtown. Vacant duplex that is being marketed to investors & owner occupant buyers who want to live inside & collect rent on the other side (House Hack). Each unit is 2 bedrooms 1 bath & management company is asking $1150 for unit 1 & $950 for unit 2. ONLINE VIDEO AVAILABLE UPON REQUEST. Could be a great primary residence, AirBnb, or long term rental. FHA/VA/ Conventional offers welcome!

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1922
Baths:
MLS#:
10175442
Subdivision:
INGLESIDE BLK 2

ADDITIONAL INFORMATION

Perfect turnkey investment in the sweet spot of Midtown walk everywhere! Duplex rarely goes vacant and fully leased with a total monthly income of $1925.00 Don't let this classic updated property with all appliances and central air pass. No showings without an accepted offer with inspection contingency.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1927
Baths:
MLS#:
10173503
Subdivision:
CARR

ADDITIONAL INFORMATION

Gorgeous historic duplex with extensive renovations. 3 BR spacious units up and down. Renovated bathrooms, kitchen, balcony, patio. Newly reconditioned roof and brand new central air and heat. Parking pad in rear. Charm throughout with 3 large bedrooms, living with built ins and separate dining room, . Each unit has patio or balcony. New appliance package includes washer and dryers. One unit occupied at $1295, one unit vacant. Please do not disturb tenants - showings by appointment only.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
2022
Baths:
MLS#:
10171498
Subdivision:
MT ARLINGTON S/D BLK C

ADDITIONAL INFORMATION

The Graffiti House in Cooper-Young ** This is a DOPE property right here.... **Out of this World Modern Cooper-Young Duplex!!!! 2023 New Construction - One of a kind Cooper-Young Duplex. Every square inch has been designed with the customers experience. A Modern touch with an urban feel meant to draw in eyes of the neighborhood. Currently occupied to Short-Term tenants. Local Graffiti Artist @nosey42

Type:
Apartment Building
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1963
Baths:
MLS#:
10170194
Subdivision:
N W SPEERS

ADDITIONAL INFORMATION

ASSUMABLE LOAN: Seller financing assumable upon lender approval 10 of 11 units upgraded, occupied, and cash flowing. Many major CapEx already done for the new owner (more in docs) Seller will pay 6 mo. of management fees if buyer retains current manager on 12 month agreement. 11th unit is LARGE 2 story unit in the southwest corner of the building. Unit needs work to occupy.

Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1912
Baths:
MLS#:
10167884
Subdivision:
GLADSTONE HGTS

ADDITIONAL INFORMATION

Duplex with Guesthouse! Dont Miss out on this opportunity in a great location in Midtown Memphis! Main Structure is an up down duplex, Unit 1 - 1st Floor is 3 BR - 2 Baths, Unit 2 - 2nd Floor is 2 BR - 2 Baths plus Loft Area. The guesthouse is 2 story 1 BR-1 Bath. All Units have their own outdoor area, all units have upgraded Kitchens and Baths and come with all appliances including Washer Dryer in all 3 units. Property has Gated Parking Area, Landlord Storage Room and has been well maintained!

Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
0.14 Acres
Year built:
1910
Baths:
MLS#:
10167350
Subdivision:
GARLAND PL ADDN

ADDITIONAL INFORMATION

Attention Investors, Explore your next dream project at 251 N Watkins - a promising duplex featuring two separate units, each with Two Bedrooms, 1 Bath, kitchen, Living and Dining rooms, convenient laundry room and 2 Covered Parking Spaces. This property needs full renovation. This property holds great revenue potential in today's competitive market. Consider the possibility of turning it into a lucrative short-term rental for added value. Act fast, as opportunities like this don't last long.

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Andrea D. Conner, License 344441, Xome Inc., License 262361, [email protected], 844-400-XOME (9663), 751 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067


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 $148,300. 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 $148,300. 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 38104 has a population of 634,139. Memphis 38104 is less family-centric than the surrounding county with 19.26% 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 38104 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 38104 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.

Memphis Real Estate Market Conditions

  • Median sales price

    N/A
  • # Active listings

    151
    30-day change

Memphis Schools and Demographics

Education near Memphis, TN

Metric City County
High School Graduates 86.61 89.28
College Degree - 2 year 5.63 6.34
College Degree - 4 year 27.09 33.31
Graduate Degree 7.31 9.69
Expenditures per Student 12,225 12,225
Students per Teacher 15.8 15.8

Elementary Schools near Memphis, TN

School Grades Students P/T Ratio ZIP
ALCY Elementary PK - 05 304 16.9 38114
Belle Forest Community School PK - 05 1,153 20.9 38115
Bethel Grove Elementary PK - 05 308 15.8 38114
Brewster Elementary PK - 05 484 14.7 38112
Bruce Elementary PK - 05 339 14.5 38104
Carnes Elementary PK - 05 262 17.5 38105
Charjean Elementary PK - 05 407 15.1 38114
Cherokee Elementary PK - 05 517 19.1 38114
Dunbar Elementary PK - 05 310 20.7 38114
Early Childhood Education PK - PK 0 38104
Ida B Wells Academy KG - 08 203 11.3 38126
Idlewild Elementary KG - 05 471 16 38104
Larose Elementary PK - 05 409 16.4 38126
Macon-Hall Elementary PK - 05 1,156 18.7 38016
Magnolia Elementary PK - 05 300 12.6 38114
Memphis College Preparatory KG - 04 288 15.2 38105
Memphis Learning Academy PK - PK 0 38104
Peabody Elementary PK - 05 407 14.6 38104
Riverwood Elementary PK - 05 1,141 17.7 38016
Rozelle Elementary PK - 05 278 13.9 38114

Middle Schools near Memphis, TN

School Grades Students P/T Ratio ZIP
Bellevue Middle School 06 - 08 458 19.1 38104
Colonial Middle School 06 - 08 1,092 17.4 38117
Cordova Middle School 06 - 08 780 20.5 38118
Fairview Middle School 06 - 08 0 38104
Havenview Middle School 06 - 08 719 21.1 38116
Hickory Ridge Middle School 06 - 08 902 19 38115
Highland Oaks Middle 06 - 08 786 20.1 38125
Kate Bond Middle 06 - 08 1,213 20.6 38133
Lester School 07 - 08 156 14.4 38112
Maxine Smith Steam Academy 06 - 08 138 9.9 38104
White Station Middle School 06 - 08 1,312 18.2 38120
Wooddale Middle 06 - 08 714 23.1 38118

High Schools near Memphis, TN

School Grades Students P/T Ratio ZIP
Bolton High School 09 - 12 1,878 20.3 38002
Central High School 09 - 12 1,635 21.5 38104
Cordova High School 09 - 12 2,039 21 38016
Germantown High School 09 - 12 2,001 21.9 38138
MCS Prep. School - Northwest 08 - 12 218 14.5 38104
Middle College High School 09 - 12 236 15.7 38104
Overton High School 09 - 12 1,277 18.1 38117
Ridgeway High School 09 - 12 1,207 22.1 38119
Southwind High School 09 - 12 1,641 22.9 38125
White Station High School 08 - 12 2,330 22.8 38117
Whitehaven High School 09 - 12 1,852 19.6 38116
Wooddale High School 09 - 12 1,189 17.8 38118

Ungraded Schools near Memphis, TN

School Grades Students P/T Ratio ZIP
* East Career Technology Center 07 - 12 0 0 38111
* Kansas Career and Technical Center 09 - 12 0 38106
* Kingsbury Vocational School 10 - 12 0 0 38122
* Memphis Adult High School 09 - 12 362 36.2 38111
* Sheffield Career and Technical Center 10 - 12 0 0 38118
* Southwest Career and Technical School 10 - 12 0 0 38109
* Trezevant Career and Technical School 09 - 12 0 0 38127
Avon Lenox School KG - 12 137 10.5 38117
Freedom Preparatory Academy 06 - 10 472 18.1 38109
Martin Luther King Transition Center KG - 12 867 86.7 38126
Memphis Academy of Science Engineering Middle/High 06 - 12 389 21.6 38103
Memphis Rise Academy 06 - 12 95 19 38122
Memphis School of Excellence 06 - 12 452 19.1 38141
Memphis Virtual School 06 - 12 97 8.1 38108
New Consortium of Law and Business 06 - 12 219 14.4 38134
Shrine School PK - 12 133 9.5 38118
Snowden School PK - 10 1,529 17.8 38112
Soulsville Charter School 06 - 12 632 14.7 38106
Woodstock High School 06 - 10 339 20.1 38053

Demographics near Memphis, TN 38104

Metric Zip Code City
Neighborhood Type Suburban
Population 634,139 929,178
Population Density 1,998 1,217
Median Age 34.2 35.7
People per Household 2.5 2.6
Median Household Income 43,981 55,015
Average Income per Capita 28,258 33,287