Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3250 Guernsey Ave Memphis, TN 38112

    Picture of Apartment buildings at Guernsey Ave 3250, Memphis, TN
    For Sale
    $1,250,000

    Apartment Building - Memphis, TN

    Days on Market:
    41
    Last Refresh:
    Dec 6 at 4:06 am

    Property Features for 3250 Guernsey Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active

    Building Details

    Year built
    1964
    Architectural style
    Other

    RE/MAX Real Estate Experts (901) 758-1200 [email protected]

    Listing agent Frank Colvett (901) 758-1200

    Listing date Oct 27, 2025

    MLS# 10208566 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 Apartment Building Investment Opportunity

    This multifamily property in Memphis, Tennessee, presents an investment opportunity. Some units require renovation. The property features individually metered units. The roof is less than three years old, and some units have water heaters that are approximately two years old. Renovations were completed in 2022 and 2023. MHA contracts are in place.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9526491
    Latitude
    35.1583416

    Nearby Similar for Sale

    • $3,000,000

      Ashlar Hall: Memphis' Castle

      Historic landmark ideal for events or private estate living.
      1397 Central Ave, Memphis, TN 38104
      View Details
    • $399,800

      Memphis Fourplex Near Union Station

      Charming, fully leased fourplex near Central Gardens and Cooper Young.
      1009 Rozelle St, Memphis, TN 38114
      View Details
    • $250,000

      Frayser Bauhaus: Live/Work Opportunity

      Unique live/work space or business location in Memphis, Tennessee.
      3590 Thomas St, Memphis, TN 38127
      View Details
    • $485,000

      Memphis Triplex Investment Opportunity

      Triplex with three units, income potential, convenient location.
      2006 Felix Ave, Memphis, TN 38104
      View Details
    • $424,900

      Mixed-Use Condo in Memphis, TN

      Versatile condo with office, business, and residential spaces combined.
      95 S Main St, Memphis, TN 38103
      View Details
    • $795,000

      High-Traffic Commercial Space in Memphis

      Versatile 7,868 SF commercial space in high-growth Memphis area.
      2802 Lamar Ave, Memphis, TN 38114
      View Details

    FAQs

    What type of property is this?
    Apartment building - Multifamily property in Memphis, TN with renovation and MHA contracts.
    Where is this apartment building located?
    The property is located at 3250 Guernsey Ave Memphis, TN.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - Excellent investment opportunity with potential for value-add through renovation/rehab.; - MHA contracts in hand.; - Roof is less than three years old.
    (901) 758-1200
    Request Owner's contact information
    3250 Guernsey Ave Memphis, TN 38112
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3250 Guernsey Ave
    Memphis, TN 38112
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3250 Guernsey Ave Memphis, TN 38112
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.