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    Germantown, TN Apartment Buildings for Sale

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    Southaven, MS Olive Branch, MS Horn Lake, MS Walls, MS Lake, MS Nesbit, MS Piperton, TN Lake Cormorant, MS
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    Apartment Buildings with Recent Improvements
    Updated: Aug 26
    Apartment Buildings with Recent Improvements

    1239 Agnes Pl, Memphis, TN 38104

    $550,000
    6,777 sqft
    Two apartment buildings totaling 6,777 square feet
    Six units have been renovated
    Both roofs replaced in 2023 and 2024
    Rotted wood removed and buildings painted in 2023
    Rear building weather head and breaker box upgraded in 2026
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    This listing looks promising.

    Here's a quick look at some key insights for

    1239 Agnes Pl, Memphis, TN 38104

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    • Est. Cap Rate

      9.2%
      Above avg (5.9%)

    • Est. NOI

      $51K
      Annual

    • Mortgage

      $300K
      Apr 2025

    • Last Sold

      Apr 2025
      $30K

    • Property Type

      Garden Apt, Court Apt
      Built 1923
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    Renovated Townhome Apartment Community
    Updated: Apr 24
    Renovated Townhome Apartment Community

    1961-1970 REMBERT Pl, Memphis, TN 38104

    $1,600,000
    1,116 sqft
    Renovation completed in 2019; improvements include windows, roof, flooring, granite countertops, and stainless steel appliances
    Each residence features 2 beds/2.5 baths with two upper‑level bedrooms and full baths
    2 dedicated parking spaces per residence with asphalt parking and updated exterior lighting
    Gated townhome‑style apartment community at 1961‑1970 REMBERT Pl, Memphis, TN 38104
    RU‑3 zoning with no HOA or deed restrictions
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    5-Unit Garden Apartment Building
    5-Unit Garden Apartment Building

    1025 S WELLINGTON St, Memphis, TN 38126

    $292,500
    3,772 sqft

    Garden apartment property with updated roof, plumbing, electrical, and mechanical systems.

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    21-Unit Townhome-Style Apartment Building
    21-Unit Townhome-Style Apartment Building

    4390 KAMALI Ct, Memphis, TN 38128

    $625,000
    20,956 sqft

    Two-bedroom layouts include one-and-a-half baths, laundry connections, and individual water shut-off valves.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Renovated 5-Unit Apartment Building
    Renovated 5-Unit Apartment Building

    712 N FIFTH St, Memphis, TN 38107

    $444,900
    3,202 sqft

    Fully electric property with updated building systems and two Section 8 leases.

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    5-Unit Apartment Building
    5-Unit Apartment Building

    1515 MADISON Ave, Memphis, TN 38104

    $380,000
    3,166 sqft

    Gated parking and on-site laundry support the existing rental configuration.

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    27-Unit Apartment Building
    27-Unit Apartment Building

    2116 HOWELL Ave, Memphis, TN 38108

    $900,000
    16,416 sqft

    Individually metered apartments with recent site and building improvements.

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    5-Unit Garden Apartment Building
    5-Unit Garden Apartment Building

    1025 S Wellington St, Memphis, TN 38126

    $292,500
    3,772 sqft

    Garden-style multifamily property with recent building-system upgrades and current occupancy across its apartment units.

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    10-Bedroom Apartment Building
    10-Bedroom Apartment Building

    488 LACLEDE Ave, Memphis, TN 38126

    $172,000
    3,301 sqft

    Currently vacant, with tenants on standby.

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    Renovated 6-Unit Apartment Building
    Renovated 6-Unit Apartment Building

    487 WILLIAMS Ave, Memphis, TN 38126

    $369,000
    4,200 sqft

    Apartment property with refurbished units, a replaced sewer line, and a mix of occupied, available, and soon-to-be-vacant residences.

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    22-Unit Apartment Complex
    22-Unit Apartment Complex

    1744 N Graham St, Memphis, TN 38108

    $1,380,000
    16,488 sqft

    Three buildings offer renovated interiors and updated plumbing, appliances, flooring, and paint.

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    28-Unit Apartment Building Package
    28-Unit Apartment Building Package

    1-3636 Spottswood Ave, Memphis, TN 38114

    $2,250,000
    916 sqft

    Three-building condo package with every unit leased and shuttle service stopping at the property.

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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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    Madison East Renovated Apartments
    Madison East Renovated Apartments

    2780 Madison Avenue, Memphis, TN 38111

    $4,995,000
    70,832 sqft

    The Memphis multifamily property dates to 1967 and received renovation work in 1980.

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    Casa del Rey Apartment Building
    Casa del Rey Apartment Building

    634 Brister Street, Memphis, TN 38111

    Contact for pricing
    9,750 sqft

    Apartment property at 634 Brister Street, built in 1965.

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    52-Unit Apartment Community
    52-Unit Apartment Community

    3989 North Watkins Street, Memphis, TN 38127

    Contact for pricing
    35,000 sqft

    Seven-building apartment community with renovated residences and an additional standalone building for future on-site use.

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    14-Unit Apartment Building
    14-Unit Apartment Building

    1861 CORNING AVE, Memphis, TN 38127

    Contact for pricing
    13,365 sqft

    Multifamily property with consistent two-bedroom, one-bathroom unit layouts and established tenant occupancy.

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    University Highlands Apartment Building
    University Highlands Apartment Building

    3417 Spottswood Avenue, Memphis, TN 38111

    Contact for pricing
    30,744 sqft

    Apartment property in Memphis with an established operating history and 1985 construction.

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    Renovated 10-Unit Apartment Property
    Renovated 10-Unit Apartment Property

    3917 Dunn Avenue, Memphis, TN 38111

    Contact for pricing
    8,380 sqft

    Updated multifamily asset with modernized systems, in-unit laundry, and refreshed kitchen finishes.

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    Renovated 25-Unit Apartment Building
    Renovated 25-Unit Apartment Building

    1695-1707 Ontario Avenue, Memphis, TN 38127

    $1,795,000
    35,172 sqft

    Updated apartment property with onsite laundry and improvements to roofing, electrical, plumbing, windows, and flooring.

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    12-Unit Brick Apartment Building
    12-Unit Brick Apartment Building

    1500 Madison Avenue, Memphis, TN 38104

    Contact for pricing
    14,598 sqft

    Three-story brick apartments with established multifamily use and substantial renovation requirements across most units.

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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    487 Williams Ave, Memphis, TN 38126

    $369,000
    4,200 sqft

    Multifamily property with refurbished units, updated sewer infrastructure, and a mix of occupied, transitioning, and vacant units.

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    Southern Place Apartment Building
    Southern Place Apartment Building

    3465 Southern Ave, Memphis, TN 38111

    $1,667,500

    Established multifamily property with the option to acquire individually or alongside a five-property apartment portfolio.

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    Apartment Complex Near University
    Apartment Complex Near University

    665 E Pontotoc Ave, Memphis, TN 38126

    Contact for pricing
    5,600 sqft

    Apartment complex near universities with redevelopment potential.

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    Germantown, TN Apartment Buildings Market Trends and Statistics

    Explore 68 apartment buildings for sale in Germantown, TN, showcased through 60 active listings on our real estate platform. These investment opportunities span a total of 634,671 square feet of properties for sale, with an estimated market value of $97,870,368.

    Sale prices for two-family homes in Germantown, TN start at $172,000, averaging $3,262,345, and reaching up to $23,500,000 — 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
    • 38111
    • 38126
    • 38105
    • 38107
    • 38108
    • 38109
    • 38112
    • 38122
    • 38127
    • 38103
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