Building Details

Year Built 1965

Listing Agency: Woodyard Realty Corporation s***@woodyardrealty.com Show Phone

Listed By: Steve Woodyard · License #TN #217464 Show Phone

Source: Woodyardrealty

Added: Jul 8 Changed: Jul 10 Last Checked: Aug 11 at 6:11AM

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Investment Insights

Based on property information with market context.

This property is offered for sale as an apartment income and multifamily residential building. It is categorized as residential income property / other apartment building, consistent with an apartment-style rental configuration.

The property address is 491 North Highland Street in Memphis, Tennessee (38122).

Key Highlights

• Residential multifamily apartment income property for sale in Memphis, TN
• Built in 1965

Property Analytics

Property Profile

Current Use

High Point Apartments Apartment Complex

Suggested Use

Top Pick Real Estate Agency Law Firm Pharmacy Skin Care Clinic Bakery (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

501

Businesses Nearby

Explore this area Business Placement

Demographics for 38122, TN

26,432

Population

10,201

Households

2.6

Avg Household Size

33

Median Age

22%

College-Educated

74%

High-School Grad

6.8 sq mi

ZIP Area

3,887

Density / Sq Mi

$45,456

Median Household Income

$32,760

Median Earnings

$1,127

Median Rent

$108,200

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Apartment income property available for sale in Memphis, TN, listed as a residential multifamily building.

Where is this apartment building located?

The property is located at 491 North Highland Street Memphis, TN.

What is the asking price?

The asking price for this property is $16,500,000.

What are key features of this property?

This property features: Residential multifamily apartment income property for sale in Memphis, TN; Built in 1965