Memphis TN Multi Family for Sale

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Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1958
Baths:
MLS#:
10183710
Subdivision:
PETTUS DAVIS OF PT COLLIER TRACT

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.

Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1929
Baths:
MLS#:
10182488
Subdivision:
CARRUTHERS BLK 3

ADDITIONAL INFORMATION

Single family conversion. Currently a duplex w/ existing floorplan designed to return to a family home if desired. Fabulous craftsman style with wrap around porch, painted brick, double pane windows, enormous courtyard, pergola, Koi pond, screened porch, iron gates, oversized 2 car garage-workshop w/ rear alley entrance. Upstairs apartment has separate outdoor entrance secured by an iron gate & driveway parking, 2 BR's 1 BA, office, den, kitchen, pantry, laundry & fireplace . One utility meter. Level 1 has 1 BR but office was a 2nd BR. Half bath has room to add a shower(Pantry). Primary BR has ensuite BA, private screened porch, laundry walk-in closet. Chef's kitchen, courtyard views, office or 2nd bedroom, huge foyer area & den w/ fireplace. Additional private patio accessible by sliding doors off the den.. Whole house generator, partial basement, dual HVAC. Hardwood floors throughout the first level. Original staircase can be replaced. behind the bookcase.

Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1948
Baths:
MLS#:
10180795
Subdivision:
POPE

ADDITIONAL INFORMATION

ATTN Investors!!! This property is a duplex and a free standing detached unit in the back. THREE units, each featuring 2 bedrooms and 1 full bath. All three units have been renovated! Front duplex is currently vacant. Back unit is tenant occupied and rented at $650/mo (below market rent). Please do not disturb tenant. Each unit can be rented for $800+/month with a combined rent potential of $2400+ per month. Professionally managed.

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:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1922
Baths:
MLS#:
10179786
Subdivision:
HAWTHORNE PL

ADDITIONAL INFORMATION

PRICE REDUCTION!!! This lovely brick Tudor Revival duplex in Evergreen Historic District is ready for new owners! Neighborhood is walking distance to Overton Park and the Memphis Zoo. Comes complete with refinished hardwood floors, charming built-ins, lots of storage, windows with great light, decorative fireplace, central HVAC and more. Washer and dryer in each unit, and gas stove and fridge. Non-smoking building. To be sold As-Is, seller doesnâ??t want to make repairs.

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!

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1960
Baths:
MLS#:
10176735
Subdivision:
N BINGHAMTON BLK F

ADDITIONAL INFORMATION

Calling all investors, this recently renovated single-story brick duplex consists of two, 2 bedroom / 1 bathroom units (each 672 sq ft) that feature updated kitchens, laminate floors. In 2022 there was a new roof, HVAC, Hot water heater, and furnace installed in the property. Both units are currently occupied, including Tenant 1 Lease through 8/31/2025 and Tenant 2 Lease through 3/31/2025 with monthly rental payments of $755 and $735 respectively. Located on the edge of Midtown Memphis in the up-and-coming Binghampton neighborhood. Please do not disturb tenants.

Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1932
Baths:
MLS#:
10175159
Subdivision:
CRUMP GUTHRIE SCOTT AVE BLK 1

ADDITIONAL INFORMATION

Experience this versatile multi-family property with 1322 sqft of living space on a 6296 sqft lot. Each unit has received new roofs, siding, windows, doors, and electrical upgrades. The front unit includes new kitchen cabinets, updated bathroom, and refinished hardwood floors. The back unit features a complete rehab, including a new hot water heater, full kitchen, and smart door lock. Both units benefit from exterior enhancements and new fencing. Donâ??t miss outâ??schedule a showing now.

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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 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

    99
    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