Apartment Building with Five
For Sale
$325,000
244 RICHMOND Ave, Memphis, TN 38106
Duplexes, Memphis, TN
Property Size6,552 SF
Price / SF$49.60
Days on Market28
Property Features for 244 RICHMOND Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1
Subdivision
S C LAW
Standard status
Active
Size
6,552 SF
Taxes and HOA fees
Tax Annual Amount
1717
Building Details
Year built
1940
Listing Agency:
eXp Realty, LLC
(888) 519-5113
Listed By:
Michael Valenza
(901) 335-7878
Added: Jul 27
Changed: Aug 23
Last Checked: Aug 23 at 3:06AM
MLS# 10227066
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.
Own 11 rental units on a single parcel, consisting of five duplexes and one detached single-family home. The property includes ten 1 bedroom, 1 bath units, each with separate living room, kitchen, and bedroom space. A sixth building has been converted into a single family residence, adding an additional flexibility for how the space can be managed and leased.
The property is located at 244 Richmond Ave in Memphis, Tennessee 38106 in Shelby County. The building was constructed in 1940.
This setup provides multiple unit configurations within one ownership, with five duplex buildings plus the detached single-family residence creating a blended rental portfolio on one parcel.
The property is located at 244 Richmond Ave in Memphis, Tennessee 38106 in Shelby County. The building was constructed in 1940.
This setup provides multiple unit configurations within one ownership, with five duplex buildings plus the detached single-family residence creating a blended rental portfolio on one parcel.
Key Highlights
- Single parcel with 11 rental units
- Five duplexes plus one detached single‑family home
- Ten 1 bedroom, 1 bath units with separate living rooms and kitchens
Property Analytics
Property Profile
Current Use
Lease Details
11
Residential units
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Explore this area
Business Placement
Demographics for 38106, TN
22,394
Population
11,630
Households
1.9
Avg Household Size
41
Median Age
12%
College-Educated
83%
High-School Grad
10.4 sq mi
ZIP Area
2,153
Density / Sq Mi
$29,818
Median Household Income
$30,101
Median Earnings
$915
Median Rent
$66,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Own 11 rental units on one parcel, including five duplexes and a detached single-family home.
Where is this duplex located?
The property is located at 244 RICHMOND Ave Memphis, TN.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Single parcel with 11 rental units; Five duplexes plus one detached single‑family home; Ten 1 bedroom, 1 bath units with separate living rooms and kitchens
