Apartment Building

Memphis, 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
73 properties
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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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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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Historic 6-Unit Apartment Building
Historic 6-Unit Apartment Building

1261 CENTRAL Ave, Memphis, TN 38104

$500,000
2,748 sqft

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

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See what stands out in Shelby County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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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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8-Unit Apartment Building
8-Unit Apartment Building

1292 COURT Ave, Memphis, TN 38104

$449,900
5,184 sqft

Studio and one-bedroom, one-bath layouts include occupied units alongside partially renovated apartments requiring completion.

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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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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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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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Historic Apartment Building
Historic Apartment Building

1261 Central Ave, Memphis, TN 38104

$500,000
2,748 sqft

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

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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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10-Bedroom Apartment Building
10-Bedroom Apartment Building

488 LACLEDE Ave, Memphis, TN 38126

$150,000
3,301 sqft

Currently vacant, with tenants on standby.

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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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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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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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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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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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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

$5,700,000
49,222 sqft

Renovated 52-unit multifamily property in Midtown Memphis.

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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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Casa del Rey Apartment Building
Casa del Rey Apartment Building

634 Brister Street, Memphis, TN 38111

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9,750 sqft

Apartment property at 634 Brister Street, built in 1965.

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51-Unit Apartment Portfolio
51-Unit Apartment Portfolio

347 South Front Street, Memphis, TN 38103

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53,208 sqft

Two adjacent Memphis properties operate together within the South Main Arts District’s downtown residential and commercial setting.

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14-Unit Apartment Building
14-Unit Apartment Building

1861 CORNING AVE, Memphis, TN 38127

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13,365 sqft

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

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Memphis, TN Apartment Buildings Market Trends and Statistics

Explore 73 apartment buildings for sale in Memphis, TN, showcased through 73 active listings on our real estate platform. These investment opportunities span a total of 634,171 square feet of properties for sale, with an estimated market value of $114,033,199.

Sale prices for two-family homes in Memphis, TN start at $150,000, averaging $2,923,928, 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 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 $343.7K
38107 $444.9K
38128 $625K
38108 $1.1M
38105 $1.7M

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 pricing trends across core commercial property types 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.

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