Memphis TN Multi Family for Sale

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Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1912
Baths:
MLS#:
10187213
Subdivision:
PASSMORE PLACE

ADDITIONAL INFORMATION

Completely renovated charming duplex 2BR/1BA on each side. This layout blends comfort and style. This home features sleek quartz counter tops in the kitchen, providing both elegance and durability. The spacious living areas are perfect for relaxing or entertaining. With convenient parking located in the back, youâ??ll have easy access to your vehicle. Enjoy the best of both worlds with a peaceful setting while being close to local amenities and minutes from Downtown and Midtown. Don't miss out on this lovely and well-maintained property!

Type:
Fourplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1910
Baths:
MLS#:
10186829
Subdivision:
LAMAR PARK

ADDITIONAL INFORMATION

7BEDS/4BATH w/ newer roof! Located near the Central Gardens Historic District & Cooper Young. This charming fourplex is a prime investment opportunity! Fully leased and tons of character! The property features THREE two-bedroom units & ONE one-bedroom unit, each offering hardwood floors. With the $20M Union Station development underway nearbyâ??including new townhomes and a 5-story hotelâ??this area is set for significant appreciation. Perfectly positioned for investors seeking long-term growth, this fourplex combines historic appeal with the potential for increased future value. Donâ??t miss your chance to invest in this rapidly evolving area! Stove, Refrigerator, Washer & Dryer included.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1967
Baths:
MLS#:
10186710
Subdivision:
THORNTON BLK 5

ADDITIONAL INFORMATION

Rare Opportunity ! Newly Renovated Duplex ! Beautiful curb appeal. Great area ! One side tenant occupied. Rental income $975 per month. Close to dining and entertainment ! Call for appointment today !

Type:
Apartment Building
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1951
Baths:
MLS#:
10186129
Subdivision:
DEADRICK JANE R

ADDITIONAL INFORMATION

Good investment opportunity priced right. 6/10 units have been renovated with new flooring and fresh paint. New roof put on a year ago. Window units and wall heaters. Rent for unrenovated units $525 Renovated units are renting for 750-$950 (VA Vouchers)

Type:
Triplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1956
Baths:
MLS#:
10185250
Subdivision:
FRATERNAL HEIGHTS

ADDITIONAL INFORMATION

Triplex for sale in Memphis, TN. Unit one is two bedroom, one bath, needs some rehab. Unit #2 is a two bed, one bath is fully rehabbed. Unit 3 is a 3 bedroom, 1.5 bath fully rehabbed. Previous rents were 850/850/1050

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1936
Baths:
MLS#:
10184939
Subdivision:
MASON

ADDITIONAL INFORMATION

Newly Renovated (1) bedroom (1) bath Duplex per side! A great opportunity for an investor or homebuyer! One side is currently vacant and advertised for rent for $950. The other side is occupied with tenant on a 1yr lease term. Each unit comes with stove and refrigerator. Whether you're an owner-occupant or investor, this opportunity is open to you. No wholesale or creative financing offers.

Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1950
Baths:
MLS#:
10184873
Subdivision:
KINGFISCHER

ADDITIONAL INFORMATION

In the heart of a blossoming neighborhood, this "As-Is" duplex stands as a promising investment with untapped potential. Each unit offers a cozy 1-bedroom, 1-bath setup with a welcoming kitchen and spacious great room, generating about $750 in monthly rent per unit. The excitement builds with a partially framed third unit upstairs, perfectly suited for an easy conversion to a triplex. Imagine the added income and value as the neighborhood continues to evolve around you. Whether you're a seasoned investor or just stepping into the market, this property offers a rare blend of stability and potential. Answer the knock of opportunityâ??this could be the key to your next success.

Type:
Fourplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1922
Baths:
MLS#:
10184196
Subdivision:
MCLAUGHLIN

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!

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1935
Baths:
MLS#:
10181857
Subdivision:
LAMAR PARK

ADDITIONAL INFORMATION

Investors here is your Opportunity to grab a great Deal!! Property is 100% Occupied. Both Units are 2 bedrooms/1bath each side. They each are both 1 year leases. The 1068 side rents for $750, 1070 rents for $795 = bringing in $1545 per month. Property had a Light Rehab when purchased to include some flooring, bathrooms,kitchen areas. and paint ~ DO Not DISTURB TENANTS~ Drive by to Make offers and View with an Accepted offer ONLY. **Cash or Conventional Loan. Must show Lender Letter or Proof of funds.** ~Property if Professionally Managed~

Type:
Apartment
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1960
Baths:
MLS#:
10181972
Subdivision:
COOPER

ADDITIONAL INFORMATION

Newly renovated in 2022! The property is stabilized and turn-key. In Memphis' historic Cooper Young district: a hot spot for restaurants, bars, and the arts. Renovation included new flooring, updated kitchens, fully-finished bathrooms, exterior finished, and beautiful landscaping. All units equipped with stacked washer/dryers. Please call listing agent for details or showing. Do not disturb tenants!

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1940
Baths:
MLS#:
10180984
Subdivision:
DILATUSH AND ROBERTS OAKLAWN

ADDITIONAL INFORMATION

Orange Mound duplex, ready for you to update and CASHFLOW! One side is occupied for $620 until 1/31/25 and the other can be fixed up and rented for $800! Do the work and get them both up to $800+/side for great cashflow in an area with a lot of upward momentum in recent years. Priced to allow for repairs to vacant side, ARV $175,000 Vacant side is available for showing. Get with your agent to schedule today! No assignable/wholesaler offers or seller-financing offers - none will be considered.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1947
Baths:
MLS#:
10180200
Subdivision:
CHARLES H FREEBURGS 1ST ADDITION 10 LAMA

ADDITIONAL INFORMATION

COMPLETELY RENOVATED duplex. Unique investment opportunity for an investor looking for a turn-key property! Both sides are occupied and income producing. Fantastic Addition to your investment portfolio. Minutes from Cooper-Young area. New roof, amazing new kitchens & new baths, new flooring, new lighting, fresh paint inside & out. Take a look at those photos! Private gated parking in back. Text listing agent for interior videos. This is a property you will be proud to own! Call agent for more info.

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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 38114 has a population of 634,139. Memphis 38114 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 38114 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 38114 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

    122
    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
Aspire Hanley #1 PK - 07 399 18.1 38114
Aspire Hanley #2 PK - 06 391 30.1 38114
Bethel Grove Elementary PK - 05 308 15.8 38114
Charjean Elementary PK - 05 407 15.1 38114
Cherokee Elementary PK - 05 517 19.1 38114
Cordova Elementary PK - 05 678 15.4 38106
Cummings School PK - 08 577 15.8 38106
Dunbar Elementary PK - 05 310 20.7 38114
Hamilton Elementary PK - 05 560 17.5 38106
Idlewild Elementary KG - 05 471 16 38104
Magnolia Elementary PK - 05 300 12.6 38114
Peabody Elementary PK - 05 407 14.6 38104
Sharpe Elementary PK - 05 514 16.1 38111
Sherwood Elementary PK - 05 713 16.6 38111
South Park Elementary PK - 05 648 17 38111

Middle Schools near Memphis, TN

School Grades Students P/T Ratio ZIP
Bellevue Middle School 06 - 08 458 19.1 38104
Dubois Middle of Leadership Public Policy 06 - 08 120 22.6 38106
Hamilton Middle School 06 - 08 411 15.9 38106
KIPP Memphis Preparatory Middle 05 - 06 151 30.2 38106
Maxine Smith Steam Academy 06 - 08 138 9.9 38104
Sherwood Middle School 06 - 08 682 17.5 38111
South Side Middle 06 - 08 300 16.7 38106
Southern Avenue Middle 06 - 08 249 25.9 38111

High Schools near Memphis, TN

School Grades Students P/T Ratio ZIP
Central High School 09 - 12 1,635 21.5 38104
City University School of Liberal Arts 09 - 12 290 18.9 38106
Dubois High of Leadership Public Policy 09 - 12 14 5.2 38106
East High School 09 - 12 582 18.8 38111
Hamilton High School 09 - 12 725 25 38106
MCS Prep. School - Northwest 08 - 12 218 14.5 38104
Melrose High School 09 - 12 752 24.3 38114
Memphis Health Careers Academy 09 - 12 92 8.8 38106
Middle College High School 09 - 12 236 15.7 38104

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
* Memphis Adult High School 09 - 12 362 36.2 38111
Graduate Academy Memphis 09 - 10 331 22.2 38106
Soulsville Charter School 06 - 12 632 14.7 38106

Demographics near Memphis, TN 38114

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