Search
Triplex with Mixed Unit Layout
For Sale
$449,900

1954 MANILA Ave, Memphis, TN 38114

Multi-Family, Memphis, TN

Property SizeContact for details
Days on Market144

Property Features for 1954 MANILA Ave

General Information

Property type Residential Multi Family
Property subtype Triplex
Subdivision McLaughlin
Standard status Active

Taxes and HOA fees

Tax Annual Amount 5305

Building Details

Year built 1911
Listing Agency: Keller Williams · Keller Williams Realty
Listed By: Brennan Bynum · License #S-56131
Added: May 7 Changed: Sep 23 Last Checked: Sep 27 at 6:06PM
MLS# 10221042

Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1911 triplex contains three separate residences with a mix of one- and two-bedroom layouts. The property includes one one-bedroom, one-bath unit alongside two two-bedroom, one-bath units, providing varied residential configurations within the same building.

Two residences are occupied by tenants, while the remaining unit is vacant and available for showings. The property is located at 1954 Manila Ave in Memphis, Tennessee, within ZIP Code 38114 and Shelby County.

Key Highlights

  • Three‑unit triplex built in 1911
  • Unit mix includes one 1‑bedroom/1‑bath unit and two 2‑bedroom/1‑bath units
  • Two units are currently tenant occupied

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open Analytics

Current Use

Triplexes

Suggested Use

Top Pick Dental Office HVAC Service Accounting Firm Kitchen & Bath Showroom Electrical Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

633
Businesses Nearby

Demographics for 38114, TN

23,559
Population
12,252
Households
1.9
Avg Household Size
38
Median Age
14%
College-Educated
82%
High-School Grad
7.6 sq mi
ZIP Area
3,100
Density / Sq Mi
$32,080
Median Household Income
$28,570
Median Earnings
$897
Median Rent
$79,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Triplex - Three-unit residential property with an established occupancy profile and one unit available for inspection.
Where is this triplex located?
The property is located at 1954 MANILA Ave Memphis, TN.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Three‑unit triplex built in 1911; Unit mix includes one 1‑bedroom/1‑bath unit and two 2‑bedroom/1‑bath units; Two units are currently tenant occupied
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message