Rehabilitated Quadplex with
For Sale
$239,900
123 Majuba Avenue, Memphis, TN 38109
Fully occupied residential income property with extensive 2024 renovations and newly poured concrete parking.
Property SizeContact for details
Days on Market220
Property Features for 123 Majuba Avenue
General Information
Standard status
Active
Property subtype
Multi-Family / Fourplex
Occupancy
100%
Additional Details
Average Monthly Rent
$700
Taxes and HOA fees
Annual Taxes
$681
Amenities
in-unit washer/dryer
parking
Tile, Vinyl Floor
Range/Oven (Freestanding), Microwave
Composition
Building Details
Year Built
1950
Year Renovated
2024
Listing Agency:
Memphis Property Management Pr
(901) 756-5776
Listed By:
Nickie Langley-Permenter
(901) 756-5776
Source:
Compass
Added: Jan 23
Changed: Aug 30
Last Checked: Aug 30 at 3:08PM
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 Memphis Property Management Pr
Investment Insights
Based on property information with market context.
This quadplex was built in 1950 and underwent a full rehabilitation in 2024. The work included a replacement roof, new HVAC units, upgraded sewer lines, major electrical and plumbing improvements, new light fixtures, and renovated kitchens and bathrooms. Existing kitchen cabinets remain, while appliances include freestanding ranges, microwaves, and stackable washer/dryer units. Interior finishes include tile and vinyl flooring, and the exterior has composition materials.
All units are occupied, providing an established residential income profile. New concrete parking was also installed as part of the 2024 improvements. The property is located on Majuba Avenue in Memphis, Tennessee.
All units are occupied, providing an established residential income profile. New concrete parking was also installed as part of the 2024 improvements. The property is located on Majuba Avenue in Memphis, Tennessee.
Key Highlights
- Quadplex built in 1950 with all units occupied
- Full rehabilitation completed in 2024
- New roof, HVAC units, sewer lines, and major electrical and plumbing work
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
Explore this area
Business Placement
Demographics for 38109, TN
42,437
Population
18,881
Households
2.2
Avg Household Size
40
Median Age
14%
College-Educated
87%
High-School Grad
59.7 sq mi
ZIP Area
711
Density / Sq Mi
$36,934
Median Household Income
$30,780
Median Earnings
$1,000
Median Rent
$76,600
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?
Quadplex - Fully occupied residential income property with extensive 2024 renovations and newly poured concrete parking.
Where is this quadplex located?
The property is located at 123 Majuba Avenue Memphis, TN.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Quadplex built in 1950 with all units occupied; Full rehabilitation completed in 2024; New roof, HVAC units, sewer lines, and major electrical and plumbing work
