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Townhome-Style Apartment Building
For Sale
$650,000

4390 KAMALI Ct, Memphis, TN 38128

MULTI_FAMILY - Memphis, TN

Property Size20,956 SF
Price / SF$31.02
Days on Market198

Property Features for 4390 KAMALI Ct

General Information

Property type Residential Multi Family
Property subtype Apartment
Subdivision HAMMOND ADDN TO RALEIGH
Standard status Active
Size 20,956 SF

Taxes and HOA fees

Tax Annual Amount 4726

Building Details

Year built 1960
Listing Agency: BHHS Taliesyn Realty · Berkshire Hathaway HomeServices
Listed By: Leslie Pickett · License #S-55847
Added: Jan 17 Changed: Aug 2 Last Checked: Aug 3 at 11:06AM
MLS# 10213072

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 townhome-style apartment building includes 21 units built in 1960. Each unit is set up with central heat and air (with no condensers), and includes stackable washer/dryer closet areas with connections. Units also have a water shut-off valve within the unit. The owner pays water, trash, and outside lights. The property is being sold as is, with five units fully gutted.

The building is located at 4390 Kamali Ct in Memphis, TN 38128 (Shelby County). For additional information or to schedule an appointment to view the property, contact the listing agent.

Given the extent of renovation already underway in five units, this is best suited for buyers comfortable with an as-is condition and value-add approach.

Key Highlights

  • 21 townhome‑style units built in 1960
  • Two‑bedroom units with one and a half bathrooms
  • Central heat and air set‑up in each unit (no condensers)

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Building Supply Parking Lot & Garage Skin Care Clinic

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

21
Residential units

Location Intelligence

Trade Area within ½ mile

375
Businesses Nearby

Demographics for 38128, TN

43,197
Population
18,388
Households
2.3
Avg Household Size
32
Median Age
15%
College-Educated
85%
High-School Grad
23.6 sq mi
ZIP Area
1,830
Density / Sq Mi
$43,166
Median Household Income
$32,429
Median Earnings
$1,150
Median Rent
$123,900
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Apartment building - Townhome-style apartment building with 21 two-bedroom units, in-unit stackable washer/dryer hookups, and owner-paid water, trash, and outside lights.
Where is this apartment building located?
The property is located at 4390 KAMALI Ct Memphis, TN.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 21 townhome‑style units built in 1960; Two‑bedroom units with one and a half bathrooms; Central heat and air set‑up in each unit (no condensers)
More about this property
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