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    279 W Person Ave Memphis, TN 38109

    For Sale
    $149,000

    Triplex - Memphis, TN

    Type:Triplex
    Days on Market:
    14
    Last Refresh:
    Dec 6 at 7:06 am

    Property Features for 279 W Person Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active

    Building Details

    Year built
    1913
    Architectural style
    Other

    BEST Real Estate Company (901) 361-6824 [email protected]

    Listing agent Walter Jones (901) 361-6824

    Listing date Nov 23, 2025

    MLS# 10209345 Listing URL

    Copyright © 2025 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.

    Overview

    Memphis Triplex with Extra Lots

    This income-producing triplex is located in Memphis, Tennessee. The property includes two adjacent lots, offering potential for development or expansion. Two of the triplex units are currently rented for a combined income of $1,490 per month. The third unit is being marketed for $695, bringing the total potential gross monthly rent to $2,185 once fully occupied. This property offers cash flow potential in an area with rental demand.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0720418
    Latitude
    35.1017846

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    FAQs

    What type of property is this?
    Triplex - Income-producing triplex with two extra lots in Memphis.
    Where is this triplex located?
    The property is located at 279 W Person Ave Memphis, TN.
    What is the asking price?
    The asking price for this property is $149,000.
    What are key features of this property?
    This property features: - Income-producing triplex with potential for $2,185 gross monthly rent.; - Includes two adjacent lots for future development or expansion.; - Located in the heart of Memphis.
    (901) 361-6824
    Request Owner's contact information
    279 W Person Ave Memphis, TN 38109
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    279 W Person Ave Memphis, TN 38109
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