6-Unit Apartment
For Sale
Contact for pricing
1261 Central Ave, Memphis, TN 38104
Two-story property with hardwood and ceramic tile flooring, fresh paint, and partial 2019 renovations.
Property SizeContact for details
Days on Market143
Property Features for 1261 Central Ave
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
Woodyard Realty Corporation
Listed By:
David Dorris · License #TN 337438
Source:
Crexi
Added: Apr 13
Changed: Aug 31
Last Checked: Aug 30 at 3:41PM
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 Woodyard Realty Corporation
Investment Insights
Based on property information with market context.
Located at 1261 Central Ave in Memphis, this six-unit apartment property occupies 0.21 acres within the Annesdale Historic District. The asset consists of one two-story building constructed in 1917 and partially renovated in 2019. Interior finishes include hardwood and ceramic tile flooring with fresh paint, while the exterior combines brick, faux stone, and stucco. Mature trees and shrubs complete the landscaped grounds.
The property is less than a mile from Memphis’s medical district, an employment center with approximately 30,000 employees. Several higher education institutions, including Christian Brothers University, Rhodes College, UT Health Sciences Medical and Dental School, and Southern College of Optometry, are within 5 miles. Access is provided near Lamar Ave. and S. Bellevue Ave., where reported vehicle counts are 21,153 and 14,401, respectively. Shopping centers, parks, dining, and the University Club of Memphis are also identified in the surrounding area.
The property is less than a mile from Memphis’s medical district, an employment center with approximately 30,000 employees. Several higher education institutions, including Christian Brothers University, Rhodes College, UT Health Sciences Medical and Dental School, and Southern College of Optometry, are within 5 miles. Access is provided near Lamar Ave. and S. Bellevue Ave., where reported vehicle counts are 21,153 and 14,401, respectively. Shopping centers, parks, dining, and the University Club of Memphis are also identified in the surrounding area.
Key Highlights
- Six‑unit apartment property on 0.21 acres in Memphis’s Annesdale Historic District
- One two‑story building constructed in 1917
- Partial renovation completed in 2019
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
423
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-story property with hardwood and ceramic tile flooring, fresh paint, and partial 2019 renovations.
Where is this apartment building located?
The property is located at 1261 Central Ave Memphis, TN.
What are key features of this property?
This property features: Six‑unit apartment property on 0.21 acres in Memphis’s Annesdale Historic District; One two‑story building constructed in 1917; Partial renovation completed in 2019
