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16-Unit Apartment Building
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21 Diana St, Memphis, TN 38104

Two-story apartment property with individual heating and cooling systems plus laundry in select units.

Property SizeContact for details
Lot Size0.57 Acres
Days on Market144

Property Features for 21 Diana St

General Information

Standard status Active
Lot size 0.57 Acres
Property subtype Multifamily

Additional Details

Multifamily Units 16

Amenities

new paint
bathroom tile & cabinet
new luxury vinyl tile flooring
fully renovated kitchen
washers and dryers in select units
individual climate control

Building Details

Year Built 1965
Year Renovated 2021
Buildings 1
Stories 2
Construction brick
Listing Agency: Woodyard Realty Corporation
Listed By: David Dorris · License #SA00100084
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 1:40AM

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.

This 16-unit apartment property occupies a single two-story building constructed in 1965 and partially updated in 2021. Interior improvements include refreshed paint, bathroom tile and cabinetry, luxury vinyl tile flooring, and a fully renovated kitchen. Each apartment has its own heating and cooling system, while select units include in-unit washers and dryers.

The property sits on .57 acres at 21 Diana St in Memphis, TN 38104, adjacent to the Overton Square area and within Midtown Memphis. The brick exterior has been repainted in gray with teal accents, and the grounds include mature trees and shrubs. The building’s unit count, individual climate control, and mix of renovated interior features provide a clear operating profile for multifamily ownership.

Key Highlights

  • 16‑unit apartment complex in a single building
  • Two‑story structure built in 1965; partially renovated in 2021
  • Located on .57 acres at 21 Diana St, Memphis, TN 38104

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office HVAC Service Electrical Service Storage Facility Kitchen & Bath Showroom Home Appliance 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.

Lease Details

16
Residential units

Location Intelligence

Trade Area within ½ mile

1,243
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-story apartment property with individual heating and cooling systems plus laundry in select units.
Where is this apartment building located?
The property is located at 21 Diana St Memphis, TN.
What are key features of this property?
This property features: 16‑unit apartment complex in a single building; Two‑story structure built in 1965; partially renovated in 2021; Located on .57 acres at 21 Diana St, Memphis, TN 38104
More about this property
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