Renovated 36-Unit Apartment
For Sale
Contact for pricing
1422 Latham St, Memphis, TN 38106
36-unit apartment community with renovations completed in 2017 and 2020, including a conversion of existing office space into a unit.
Property SizeContact for details
Days on Market122
Property Features for 1422 Latham St
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
Capstone Apartment Partners Nashville
Listed By:
Tyler Mayo · License #TN & NY
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 6:40PM
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 Capstone Apartment Partners Nashville
Investment Insights
Based on property information with market context.
Latham Heights is a 36-unit apartment community in Memphis, Tennessee. The property has undergone two phases of renovation, with improvements completed in 2017 and 2020. Current ownership has focused on exterior capital improvements and converting an existing office space into an additional unit.
The community is positioned within the submarket to support rent growth, with effective rents described as trailing the submarket average by 17%. The offering materials also note that rents in the Memphis MSA increased more than 9.0% year over year in 2020.
This is an apartment building opportunity with documented renovation history and updated unit configuration following the office-to-unit conversion.
The community is positioned within the submarket to support rent growth, with effective rents described as trailing the submarket average by 17%. The offering materials also note that rents in the Memphis MSA increased more than 9.0% year over year in 2020.
This is an apartment building opportunity with documented renovation history and updated unit configuration following the office-to-unit conversion.
Key Highlights
- 36‑unit apartment community in Memphis, Tennessee
- Renovations completed in two phases: 2017 and 2020
- Conversion of existing office space into a new unit
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
351
Businesses Nearby
Explore this area
Business Placement
Demographics for 38106, TN
22,394
Population
11,630
Households
1.9
Avg Household Size
41
Median Age
12%
College-Educated
83%
High-School Grad
10.4 sq mi
ZIP Area
2,153
Density / Sq Mi
$29,818
Median Household Income
$30,101
Median Earnings
$915
Median Rent
$66,400
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 - 36-unit apartment community with renovations completed in 2017 and 2020, including a conversion of existing office space into a unit.
Where is this apartment building located?
The property is located at 1422 Latham St Memphis, TN.
What are key features of this property?
This property features: 36‑unit apartment community in Memphis, Tennessee; Renovations completed in two phases: 2017 and 2020; Conversion of existing office space into a new unit
