Multifamily Investment
For Sale
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986 Peabody Ave, Memphis, TN 38104
Two multifamily properties with 15 units in Memphis, Tennessee.
Property Size7,200 SF
Price / SF$71.56
Days on Market556
Property Features for 986 Peabody Ave
General Information
Standard status
Active
Size
7,200 SF
Class
C
Total Parking Spaces
20
Property subtype
Multifamily
Occupancy
90%
Net Operating Income
$76,680
Building Details
Year Built
1948
Buildings
2
Stories
2
Units
14
Listing Agency:
Braden, Braden & Braden CRE
(901) 881-2070
Listed By:
Curtis Braden · License #TN-284224
Source:
Crexi
Added: Feb 13, 2025
Changed: Aug 17
Last Checked: Aug 23 at 10:50AM
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 Braden, Braden & Braden CRE
Investment Insights
Based on property information with market context.
This package deal offers the opportunity to acquire two multifamily properties located at 986 Peabody and 347 Pauline. The properties comprise a total of 15 units. The building at 986 Peabody contains 8 units, while the complex at 347 Pauline features 7 units. The combined purchase price for both properties is $966,000. The property at 986 Peabody has a size of 7200 square feet. This package presents an opportunity for investors seeking to expand their portfolio and potentially add value through property management.
Key Highlights
- Package deal: Two multifamily properties (986 Peabody & 347 Pauline) offered together.
- Total of 15 units across both properties.
- Combined purchase price of $966,000.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,558
Businesses Nearby
Explore this area
Business Placement
Demographics for 38104, TN
22,584
Population
14,315
Households
1.6
Avg Household Size
38
Median Age
52%
College-Educated
93%
High-School Grad
5.0 sq mi
ZIP Area
4,517
Density / Sq Mi
$56,452
Median Household Income
$48,300
Median Earnings
$1,073
Median Rent
$301,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two multifamily properties with 15 units in Memphis, Tennessee.
Where is this apartment building located?
The property is located at 986 Peabody Ave Memphis, TN.
What is the asking price?
The asking price for this property is $515,200.
What are key features of this property?
This property features: Package deal: Two multifamily properties (986 Peabody & 347 Pauline) offered together.; Total of 15 units across both properties.; Combined purchase price of $966,000.
