Memphis TN Multi Family for Sale

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Type:
Apartment
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1960
Baths:
MLS#:
10169154
Subdivision:
HAMMOND ADDN TO RALEIGH

ADDITIONAL INFORMATION

Value add 21 units Multi-Family Renovation in 38128. Townhome style units consisting of 2 bedrooms with 1 1/2 bath. Two bedrooms / 1 bath upstairs with Central Heat and Air, Washer / Dryer Hook-up, and Vinyl siding. Owner pays water, trash, and outside lights. TPO rolled roofing in 2018 / 2019. 13 out of 21 units renovated in 2020. Property Being Sold As Is. Do not disturb tenants.

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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 38128 has a population of 634,139. Memphis 38128 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 38128 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 38128 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

    87
    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
Aspire Coleman PK - 06 393 38128
Bartlett Elementary School PK - 05 823 38135
Douglass Elementary/Middle PK - 08 486 12.5 38108
Egypt Elementary PK - 05 630 18.7 38128
Ellendale Elementary KG - 05 540 38135
Keystone Elementary PK - 05 462 15 38128
Kingsbury Elementary PK - 06 625 14.5 38108
Promise Academy - Spring Hill PK - 01 141 23.5 38128
Rivercrest Elementary PK - 05 519 38135
Scenic Hills Elementary PK - 05 350 15.2 38128
Spring Hill Elementary 02 - 05 261 20.4 38128
Wells Station Elementary PK - 05 771 14.3 38108

Middle Schools near Memphis, TN

School Grades Students P/T Ratio ZIP
Craigmont Middle School 06 - 08 680 18.4 38128
Cypress Middle School 06 - 08 0 38108
KIPP Memphis Collegiate Middle 05 - 08 265 18.9 38108
KIPP Memphis Middle Academy 05 - 07 298 18.6 38108
Memphis Academy of Health Sciences 06 - 08 325 16.7 38108
Raleigh Egypt Middle School 06 - 08 600 20.7 38128
Shannon Elementary PK - 05 0 38108

High Schools near Memphis, TN

School Grades Students P/T Ratio ZIP
Craigmont High School 09 - 12 1,044 21.3 38128
Douglass High School 09 - 12 531 15.6 38108
KIPP Memphis Collegiate High School 09 - 12 394 20.1 38108
Raleigh Egypt High School 09 - 12 720 18.9 38128

Ungraded Schools near Memphis, TN

School Grades Students P/T Ratio ZIP
Memphis Virtual School 06 - 12 97 8.1 38108

Demographics near Memphis, TN 38128

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