Apartment Building with Central
1283 East Raines Road, Memphis, TN 38116
For Sale
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Multifamily property with in-unit stoves and refrigerators serving a diversified apartment mix.
Property SizeContact for details
Days on Market54
Property Features for 1283 East Raines Road
General Information
Standard status
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Listing Agency:
Crye-Leike Commercial Memphis
Listed By:
Jeffrey Moore · License #TN 250330
(901) 277-0477
Source:
Crexi
Added: Sep 15
Changed: Oct 26
Last Checked: Nov 6 at 8:36AM
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 Crye-Leike Commercial Memphis
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Investment Insights
Based on property information with market context.
Located at 1283 East Raines Road in Memphis, this 16-unit apartment property includes 12 two-bedroom residences and 4 one-bedroom residences. Each unit is equipped with central heating and air, along with a stove and refrigerator, providing a consistent baseline of residential amenities across the property.
The property is positioned minutes from FedEx, UPS, Memphis International Airport, and Graceland. The unit mix combines larger two-bedroom floor plans with one-bedroom residences within a single multifamily asset.
The property is positioned minutes from FedEx, UPS, Memphis International Airport, and Graceland. The unit mix combines larger two-bedroom floor plans with one-bedroom residences within a single multifamily asset.
Key Highlights
- 16‑unit apartment property with 12 two‑bedroom units and 4 one‑bedroom units
- Central heating and air throughout the units
- Stoves and refrigerators included in units
Property Analytics
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Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
782
Businesses Nearby
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Business Placement
Demographics for 38116, TN
39,107
Population
18,526
Households
2.1
Avg Household Size
35
Median Age
21%
College-Educated
88%
High-School Grad
19.6 sq mi
ZIP Area
1,995
Density / Sq Mi
$44,663
Median Household Income
$31,593
Median Earnings
$1,035
Median Rent
$125,800
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Memphis, TN
Properties on Market for Apartment buildings in Memphis
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with in-unit stoves and refrigerators serving a diversified apartment mix.
Where is this apartment building located?
The property is located at 1283 East Raines Road Memphis, TN.
What is the asking price?
The asking price for this property is $1,186,000.
What are key features of this property?
This property features: 16‑unit apartment property with 12 two‑bedroom units and 4 one‑bedroom units; Central heating and air throughout the units; Stoves and refrigerators included in units
