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    Midtown Memphis Multifamily Investment
    Updated: Mar 5
    Midtown Memphis Multifamily Investment

    31 S McLean Blvd, Memphis, TN 38104

    $1,650,000
    19,384 sqft
    16‑unit multi‑family property
    Located in the heart of Midtown Memphis
    Attractive mix of studio, 1‑bedroom, and 2‑bedroom units
    Built in 1925
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    This listing looks promising.

    Here's a quick look at some key insights for

    31 S McLean Blvd, Memphis, TN 38104

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    • Est. Cap Rate

      8.8%
      Above avg (5.9%)

    • Est. NOI

      $145K
      Annual

    • Mortgage

      $3.2M
      Sep 2015

    • Last Sold

      May 1997
      $575K

    • Property Type

      Garden Apt, Court Apt
      Built 1925
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    Gated Townhome Community in Memphis
    Updated: Apr 24
    Gated Townhome Community in Memphis

    1961-1970 REMBERT Pl, Memphis, TN 38104

    $1,650,000
    1,116 sqft
    100% Occupied & Fully Renovated (2019): Immediate income generation with modern updates.
    Prime Location: Heart of Midtown Memphis, near Overton Square, Overton Park, Memphis Zoo, and the Medical District.
    No HOA or Deed Restrictions: Ideal for long‑term or short‑term rentals (Airbnb).
    Gated Community: Enhanced security and privacy for residents.
    Unit Features: 2 beds/2.5 baths with updated kitchens (granite, stainless steel), new flooring, and dedicated parking.
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    19-Unit Multifamily Apartment Building
    19-Unit Multifamily Apartment Building

    32 N BELVEDERE Blvd, Memphis, TN 38104

    $1,568,000
    946 sqft

    Professionally managed 19-unit property with parking and washer/dryer connections, available for bulk purchase.

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    Fully Electric 5-Unit Apartment Building
    Fully Electric 5-Unit Apartment Building

    712 N FIFTH St, Memphis, TN 38107

    $459,900
    3,202 sqft

    Renovated, fully electric 5-unit property with three occupied units and two currently vacant for rental income.

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    Multifamily Apartment Building with Gated Parking
    Multifamily Apartment Building with Gated Parking

    1515 MADISON Ave, Memphis, TN 38104

    $380,000
    3,166 sqft

    Five-unit apartment complex with gated parking and on-site laundry, offering rental stability and an owner-occupant option.

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    5-Unit Garden Apartment
    5-Unit Garden Apartment

    1025 S WELLINGTON St, Memphis, TN 38126

    $299,400
    3,772 sqft

    Five-unit garden apartment with recent stair and building systems updates and current 80% occupancy.

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    Townhome-Style Multifamily Community
    Townhome-Style Multifamily Community

    4390 KAMALI Ct, Memphis, TN 38128

    $650,000
    20,956 sqft

    Renovation-ready 21-unit multifamily with two-bedroom layouts and in-unit washer/dryer connections.

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    Individually Metered Apartment Complex
    Individually Metered Apartment Complex

    2116 HOWELL Ave, Memphis, TN 38108

    $900,000
    16,416 sqft

    27-unit apartment complex with individually metered units and a mix of one-, two-, and three-bedroom layouts.

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    Apartment Conversion Opportunity
    Apartment Conversion Opportunity

    6020 Shelby Oaks Drive, Memphis, TN 38134

    $2,000,000
    41,280 sqft

    Vacant hospitality property with an apartment redevelopment concept, including a newly installed roof and existing elevator infrastructure.

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    Memphis Multifamily Building For Sale
    Memphis Multifamily Building For Sale

    487 WILLIAMS Ave, Memphis, TN 38126

    $369,000
    4,200 sqft

    Six-unit apartment building in Memphis with renovation potential.

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    Multifamily Apartment Buildings
    Multifamily Apartment Buildings

    1060-1066 & 1070-1076 Merriwether Avenue, Memphis, TN 38105

    $2,275,000

    For-sale multifamily apartment buildings offering residential income housing in Memphis, Tennessee.

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    Apartment Building with Vacant Units
    Apartment Building with Vacant Units

    2502 Saint Elmo Ave, Memphis, TN 38127

    $1,300,000

    For-sale apartment building with low current occupancy and a large portion of units needing renovation.

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    Memphis Midtown Apartment Portfolio
    Memphis Midtown Apartment Portfolio

    50 S Morrison St, Memphis, TN 38104

    $2,400,000

    Apartment portfolio in Memphis' Midtown near medical construction.

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    Renovated Multifamily Community in Midtown
    Renovated Multifamily Community in Midtown

    170 North Hollywood Street, Memphis, TN 38112

    $5,900,000
    49,222 sqft

    Renovated 52-unit multifamily property in Midtown Memphis.

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    Apartment Income Property
    Apartment Income Property

    491 North Highland Street, Memphis, TN 38122

    $16,500,000

    Apartment income property available for sale in Memphis, TN, listed as a residential multifamily building.

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    Memphis 5-Unit Garden Apartment
    Memphis 5-Unit Garden Apartment

    1025 South Wellington Street, Memphis, TN 38126

    $299,400

    Centrally located 5-unit apartment building near Downtown Memphis.

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    Large Multifamily Property Near FedEx
    Large Multifamily Property Near FedEx

    179 Vance Avenue, Memphis, TN 38103

    $999,000
    9,000 sqft

    Two-unit multifamily property with parking near FedEx Forum.

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    Apartment Complex Near University
    Apartment Complex Near University

    665 E Pontotoc Ave, Memphis, TN 38126

    $649,000
    5,600 sqft

    Apartment complex near universities with redevelopment potential.

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    Memphis Medical District High-Rise Apartments
    Memphis Medical District High-Rise Apartments

    750 Adams Ave., Memphis, TN 38105

    $13,500,000

    Two high-rise buildings with 200 units and retail suites.

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    Downtown Memphis Mixed-Use Development Site
    Downtown Memphis Mixed-Use Development Site

    48 South Front Street, Memphis, TN 38103

    Contact for pricing
    21,000 sqft 0.17 AC lot

    Prime downtown location with retail and residential development potential.

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    Midtown Memphis Multifamily Investment Property
    Midtown Memphis Multifamily Investment Property

    1905 Jefferson Ave, Memphis, TN 38104

    $695,000
    9,365 sqft

    Six-unit multifamily property in the heart of Midtown Memphis.

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    Multi-Family Near University of Memphis
    Multi-Family Near University of Memphis

    592 Patterson St, Memphis, TN 38111

    $1,030,000
    13,634 sqft

    Eleven-unit multi-family property located next to the University of Memphis.

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    Luxury Midtown Apartment Property
    Luxury Midtown Apartment Property

    45 S Idlewild St, Memphis, TN 38104

    Contact for pricing

    Renovated 10-story apartment building in trendy Midtown Memphis.

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    Multifamily Property Near University
    Multifamily Property Near University

    600 Patterson St, Memphis, TN 38111

    $1,123,000
    19,471 sqft

    12-unit multifamily property located next to the University of Memphis.

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    Germantown, TN Apartment Buildings Market Trends and Statistics

    Explore 38 apartment buildings for sale in Germantown, TN, showcased through 30 active listings on our real estate platform. These investment opportunities span a total of 387,560 square feet of properties for sale, with an estimated market value of $34,938,300.

    Sale prices for two-family homes in Germantown, TN start at $299,400, averaging $1,746,915, and reaching up to $12,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Garden apartment buildings 1
    Small apartment buildings 1

    Demographics Overview

    Population 42K
    Population Growth (5Y) +2.5%
    Median Household Income $147,307
    College Educated 69.7%

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Shelby County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Shelby County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Germantown fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Germantown, TN

    • 38104
    • 38126
    • 38103
    • 38105
    • 38107
    • 38111
    • 38112
    • 38108
    • 38115
    • 38122
    • 38127
    • 38128

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