Memphis TN Multi Family for Sale

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Type:
Fourplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
0.24 Acres
Year built:
1925
Baths:
MLS#:
10187195
Subdivision:
BLOCK & GOODMAN

ADDITIONAL INFORMATION

This classic midtown 4 plex has been recently rehabbed. The units are large 1 bedrooms with central heating and air. The property has been operated as a short term rental with Air B & B with average monthly rental of over 3000 per month per unit. Drive by only. Please do not disturb residents.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1953
Baths:
MLS#:
10186383
Subdivision:
CRUMP & GUTHRIES SUMMER & CHERRY

ADDITIONAL INFORMATION

Location, location, location ! Midtown duplex is within walking distance of Overton Park, Broad Ave restaurants, and multiple new apartment buildings. 1 bedroom/ 1 bath on each side 1669 total sf per tax assessor record. Both sides are vacant so it's ready for your remodeling. Unit 1 has power on currently, and will need cosmetic repairs. Unit 2 had a kitchen fire, so it will need a COMPLETE renovation. Work that has been completed on Unit 2 include: brand new vinyl windows all around, new electrical panel installed and inspected and power is on to the panel with a temp outlet. Unpainted brick exterior is in good shape. Double driveways and lot size 50 x 125. Fully boarded up and new security chain link fence on the property. Sold as-is, prefer closing within 21 days $1,000 Earnest Money. POF required with all offers.

Type:
Apartment Building
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1924
Baths:
MLS#:
10179790
Subdivision:
MISSES HANSON

ADDITIONAL INFORMATION

This 16-unit apartment building offers a range of studio to 2-bedroom apartments. Perfect for investors seeking steady rental income in a prime location. Each unit provides comfortable living spaces, all appliances including a washer and dryer, and consistently offers high occupancy rates. Donâ??t miss out on this promising addition to your portfolio!

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1965
Baths:
MLS#:
10179058
Subdivision:
HILLCREST

ADDITIONAL INFORMATION

INVESTORS ONLY! Fully rented brick duplex....each side rented at $550 (total rent is $1100). Long term tenants are currently MTM. Roof is 2 years old. Tenants pay all utilities. Each unit has 2 bedrooms & central heat & air plus gas cooking. Online video available upon request. Could be an excellent addition to your rental portfolio. No blind offers, no creative or owner financed offers. No wholesale or assignment.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1950
Baths:
MLS#:
10177472
Subdivision:
SUMMER AVENUE

ADDITIONAL INFORMATION

Newly renovated corner lot duplex in Binghampton currently being advertised for rent at $750/mo per side. Cash offers preferred and easy to show. Owner financing is also available!

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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 2025 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 38112 has a population of 634,139. Memphis 38112 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 38112 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 38112 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

    86
    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
Brewster Elementary PK - 05 484 14.7 38112
Cornerstone Prep - Lester Campus PK - 05 488 14.8 38112
Douglass Elementary/Middle PK - 08 486 12.5 38108
Early Childhood Program Partnering Centers PK - PK 0 38112
Idlewild Elementary KG - 05 471 16 38104
Kingsbury Elementary PK - 06 625 14.5 38108
Peabody Elementary PK - 05 407 14.6 38104
Promise Academy KG - 05 483 19.5 38108
Wells Station Elementary PK - 05 771 14.3 38108

Middle Schools near Memphis, TN

School Grades Students P/T Ratio ZIP
Bellevue Middle School 06 - 08 458 19.1 38104
KIPP Memphis Collegiate Middle 05 - 08 265 18.9 38108
KIPP Memphis Middle Academy 05 - 07 298 18.6 38108
Lester Prep. 06 - 06 81 13.5 38112
Lester School 07 - 08 156 14.4 38112
Maxine Smith Steam Academy 06 - 08 138 9.9 38104
Memphis Academy of Health Sciences 06 - 08 325 16.7 38108
Shannon Elementary PK - 05 0 38108

High Schools near Memphis, TN

School Grades Students P/T Ratio ZIP
Central High School 09 - 12 1,635 21.5 38104
Douglass High School 09 - 12 531 15.6 38108
KIPP Memphis Collegiate High School 09 - 12 394 20.1 38108
MCS Prep. School - Northwest 08 - 12 218 14.5 38104
Middle College High School 09 - 12 236 15.7 38104

Ungraded Schools near Memphis, TN

School Grades Students P/T Ratio ZIP
Memphis Virtual School 06 - 12 97 8.1 38108
Snowden School PK - 10 1,529 17.8 38112

Demographics near Memphis, TN 38112

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