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    Memphis, TN Apartment Buildings for Sale

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    46-Unit Apartment Portfolio
    Updated: Aug 31
    46-Unit Apartment Portfolio

    3439 SOUTHERN Ave, Memphis, TN 38111

    $1,900,000
    7,000 sqft
    46 apartment units across six buildings
    Unit mix includes 35 two‑bedroom, one‑bath units and 11 one‑bedroom, one‑bath units
    81 total bedrooms and 46 bathrooms
    Within walking distance of the University of Memphis
    Buildings constructed in 1966
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    8-Unit Apartment Building
    Updated: Sep 2
    8-Unit Apartment Building

    1292 COURT Ave, Memphis, TN 38104

    $449,900
    5,184 sqft
    8‑unit apartment building with 5,184 square feet
    Unit mix includes four studios and four 1 bedroom 1 bath units
    Four units are currently occupied
    Four units are partially renovated and need completion
    Built in 1960
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    Renovated Townhome Apartment Community
    Renovated Townhome Apartment Community

    1961-1970 REMBERT Pl, Memphis, TN 38104

    $1,600,000
    1,116 sqft

    Gated multifamily property with updated finishes, dedicated parking, and flexible long- or short-term leasing potential.

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    46-Unit Apartment Portfolio
    46-Unit Apartment Portfolio

    3439 Southern Ave, Memphis, TN 38111

    $1,900,000
    7,000 sqft

    Multifamily asset within walking distance of the University of Memphis.

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    Apartment Building
    Apartment Building

    175 STONEWALL St, Memphis, TN 38104

    $1,990,000
    42,840 sqft

    Marketing imagery illustrates a potential stabilized appearance rather than the property's present condition.

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    16-Unit Apartment Building
    16-Unit Apartment Building

    1707 ONTARIO Ave, Memphis, TN 38127

    $1,295,000
    27,776 sqft

    All residences have two bedrooms, and significant renovations were completed in 2022.

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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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    Apartment Buildings with Recent Improvements
    Apartment Buildings with Recent Improvements

    1239 Agnes Pl, Memphis, TN 38104

    $550,000
    6,777 sqft

    Two-building multifamily property with six renovated units and updated electrical service.

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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    1178 N EVERGREEN St, Memphis, TN 38108

    $300,000
    3,600 sqft

    Brick multifamily property with consistent two-bedroom layouts and a mix of occupied and available units.

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    Historic 6-Unit Apartment Building
    Historic 6-Unit Apartment Building

    1261 CENTRAL Ave, Memphis, TN 38104

    $470,000
    2,748 sqft

    Built in 1917, this Midtown Memphis property offers a studio-to-two-bedroom unit mix.

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

    3917 Dunn Ave, Memphis, TN 38111

    $846,284
    7,200 sqft

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

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    Renovated 5-Unit Apartment Building
    Renovated 5-Unit Apartment Building

    712 N FIFTH St, Memphis, TN 38107

    $444,900
    3,202 sqft

    Fully electric multifamily property with occupied and vacant units, updated building systems, and Section 8 leases in place.

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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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    9-Unit Apartment Building
    9-Unit Apartment Building

    229 N Dunlap St, Memphis, TN 38105

    $1,250,000
    4,176 sqft 0.55 AC lot

    The property includes nine one-bedroom apartments, with eight units renovated and designated parking on the combined parcels.

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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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    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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    20-Unit Apartment Building
    20-Unit Apartment Building

    3721 Millbranch Rd, Memphis, TN 38116

    $1,538,000
    15,500 sqft

    Every residence has two bedrooms, and the property has an established rental history.

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    25-Unit Apartment Property
    25-Unit Apartment Property

    1695 ONTARIO Ave, Memphis, TN 38127

    $1,695,000

    The two residential buildings may be acquired as a package or individually, with current management prepared to continue.

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    15-Unit Apartment Property
    15-Unit Apartment Property

    1088 National St, Memphis, TN 38122

    $1,066,000
    10,304 sqft

    The unit mix includes two-bedroom apartments and a separate three-bedroom house, all with central heating and air conditioning.

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    8-Unit Apartment Building
    8-Unit Apartment Building

    1292 Court Ave, Memphis, TN 38104

    $449,900
    5,184 sqft

    Multifamily property with a balanced studio and one-bedroom unit mix, including partially renovated apartments.

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    16-Unit Apartment Building
    16-Unit Apartment Building

    1707 Ontario Ave, Memphis, TN 38127

    $1,295,000
    27,776 sqft

    Every residence has two bedrooms, with renovations completed in 2022.

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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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    Historic Apartment Building
    Historic Apartment Building

    1261 Central Ave, Memphis, TN 38104

    $470,000
    2,748 sqft

    Multifamily property with a varied unit mix in a designated historic district.

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    22-Unit Apartment Complex
    22-Unit Apartment Complex

    1744 N Graham St, Memphis, TN 38108

    $1,250,000
    16,488 sqft

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

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    Memphis, TN Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in Memphis, TN, showcased through 64 active listings on our real estate platform. These investment opportunities span a total of 670,065 square feet of properties for sale, with an estimated market value of $97,248,384.

    Sale prices for apartment complexes in Memphis, TN start at $292,500, averaging $2,069,114, and reaching up to $16,500,000 — 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 718K
    Population Growth (5Y) -3.1%
    Median Household Income $61,271
    College Educated 18.4%

    High-Yield Neighborhoods for Investment

    Identify Memphis submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    38126 $330.8K
    38107 $444.9K
    38127 $700K
    38108 $720K
    38134 $1.5M

    Taxes & Financing

    Tax Rate (average for all types) 5.80%
    Property Tax per SF $85.96 per SF
    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 Residential Income pricing trends in Shelby County

    Residential Income

    Property Size Breakdown

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

    How Realmo verifies these figures

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    Browse Apartment buildings for Sale Near Memphis, TN

    Popular Searches in Memphis, TN

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    Most Searched ZIP Codes in Memphis, TN

    • 38104
    • 38111
    • 38105
    • 38108
    • 38114
    • 38126
    • 38127
    • 38107
    • 38122
    • 38112
    • 38116
    • 38103

    Featured Memphis Real Estate Agencies

    Realmo connects you with licensed Memphis CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Reedy & Company, REALTORS
    4701 Summer Ave Memphis, TN 38122
    Phone: (901) 683-4446
    www.reedyandcompany.net
    Hobson Realtors
    5384 Poplar #250 Memphis, TN 38119
    Phone: (901) 761-1622
    www.hobsonrealtors.com
    Crye Leike, Inc.
    6705 Winchester Rd Memphis, TN 38115
    Phone: (901) 550-2891
    www.crye-leike.com
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