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Renovated Townhome Apartment Community
For Sale
$1,650,000

1961-1970 REMBERT Pl, Memphis, TN 38104

Multi-Family, Memphis, TN

Property Size1,116 SF
Price / SF$1,478
Days on Market122

Property Features for 1961-1970 REMBERT Pl

General Information

Property type Residential Multi Family
Property subtype Other
Zoning RU-3
Subdivision REMBERT PLACE
Standard status Active
Size 1,116 SF

Taxes and HOA fees

Tax Annual Amount 1614

Amenities

gated community

Building Details

Year built 1987
Listing Agency: eXp Realty, LLC
Listed By: Ashley Wisch
Added: Apr 24 Changed: Aug 20 Last Checked: Aug 23 at 2:06PM
MLS# 10220143

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 gated apartment community consists of townhome-style residences renovated in 2019. Each residence offers two bedrooms and two and one-half baths, with a combined living and dining area, a main-level half bath, and two upper-level bedrooms with full baths. Improvements include replacement windows, a new roof, updated flooring, granite countertops, stainless steel appliances, asphalt parking, and exterior lighting. Each residence has two dedicated parking spaces.

The property is at 1961-1970 Rembert Pl in Midtown Memphis, near Chick-fil-A and Overton Square. Overton Park, the Memphis Zoo, the Medical District, and Midtown dining and entertainment are also identified in the surrounding area. RU-3 zoning, no HOA, and no deed restrictions support long-term leasing as well as short-term leasing through platforms such as Airbnb.

Key Highlights

  • 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

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick HVAC Service Electrical Service Home Appliance Store (Bike/Boat/Book/etc) Store Dental Office Storage Facility

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

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,498
Businesses Nearby

Demographics for 38104, TN

22,584
Population
14,315
Households
1.6
Avg Household Size
38
Median Age
52%
College-Educated
93%
High-School Grad
5.0 sq mi
ZIP Area
4,517
Density / Sq Mi
$56,452
Median Household Income
$48,300
Median Earnings
$1,073
Median Rent
$301,100
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Gated multifamily property with updated finishes, dedicated parking, and flexible long- or short-term leasing potential.
Where is this apartment building located?
The property is located at 1961-1970 REMBERT Pl Memphis, TN.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 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
More about this property
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