Gated 23-Unit Apartment
For Sale
$1,150,000
1044 Delmar Ave, Memphis, TN 38105
Updated one-bedroom apartments with central HVAC, perimeter fencing, and solar-powered controlled access.
Property SizeContact for details
Days on Market136
Property Features for 1044 Delmar Ave
General Information
Standard status
Active
Property subtype
Residential Income
Units
Unit Mix
23 x 1BR/1BA
Multifamily Units
23
Amenities
gated
security gate
Listing Agency:
Myers Cobb Realtors, LLC
(901) 273-6577
Listed By:
Dominey Shaw
(901) 273-6577
Source:
Exprealty
Added: Mar 31
Changed: Aug 12
Last Checked: Aug 12 at 1:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Myers Cobb Realtors, LLC
Investment Insights
Based on property information with market context.
Delmar-Lema Village is a gated apartment community comprising 23 one-bedroom, one-bath units. Property improvements include LVP flooring, fresh interior paint, new plumbing, stainless steel appliances, and central heat and air conditioning. Exterior enhancements include new paint, newer roofing, full perimeter fencing, and a solar-powered double-entry security gate.
The community is located at 1044 Delmar Ave in Memphis, near the Medical District. The VA Medical Center, LeBonheur Children’s Hospital, and Regional One are each described as being just blocks away, while downtown Memphis is also nearby. The property is offered for sale and carries a stated 6.9% pro forma cap rate.
The community is located at 1044 Delmar Ave in Memphis, near the Medical District. The VA Medical Center, LeBonheur Children’s Hospital, and Regional One are each described as being just blocks away, while downtown Memphis is also nearby. The property is offered for sale and carries a stated 6.9% pro forma cap rate.
Key Highlights
- 23‑unit gated apartment community
- One‑bedroom, one‑bath unit configuration
- LVP flooring, interior paint, new plumbing, and stainless steel appliances
Property Analytics
Property Profile
Current Use
Lease Details
23
Residential units
Location Intelligence
Trade Area within ½ mile
2,558
Businesses Nearby
Explore this area
Business Placement
Demographics for 38105, TN
6,232
Population
4,145
Households
1.5
Avg Household Size
39
Median Age
22%
College-Educated
81%
High-School Grad
1.7 sq mi
ZIP Area
3,666
Density / Sq Mi
$29,316
Median Household Income
$34,969
Median Earnings
$928
Median Rent
$75,400
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?
Apartment building - Updated one-bedroom apartments with central HVAC, perimeter fencing, and solar-powered controlled access.
Where is this apartment building located?
The property is located at 1044 Delmar Ave Memphis, TN.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 23‑unit gated apartment community; One‑bedroom, one‑bath unit configuration; LVP flooring, interior paint, new plumbing, and stainless steel appliances
