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Modern 3-Unit Triplex
For Sale
$839,000
Pending

23 S MORRISON ST, Memphis, TN 38104

Three residential units feature updated kitchens, in-unit laundry appliances, and private balconies.

Property SizeContact for details
Days on Market698

Property Features for 23 S MORRISON ST

General Information

Standard status Pending
Property subtype Multi Family

Units

Unit Mix 3 x 2BR/2BA
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $17,471

Amenities

modern kitchens
washers and dryers
balconies

Building Details

Year Built 2021
Buildings 1
Listing Agency: Crye-Leike Commercial
Listed By: Jeffrey B Moore · License #250330
Source: Exitrealty
Added: Oct 3, 2024 Changed: Aug 31 Last Checked: Aug 31 at 4:05AM

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

Investment Insights

Based on property information with market context.

Completed in 2021, this triplex contains three generously sized two-bedroom, two-bath residences. Each unit includes a modern kitchen, washer and dryer, and balcony, providing a consistent configuration across the property.

The property is located at 23 S Morrison St in Memphis, Tennessee. Showings are limited to drive-by viewing, and residents should not be disturbed.

Key Highlights

  • Three‑unit multifamily property built in 2021
  • Each residence offers 2 bedrooms and 2 baths
  • Modern kitchens in all three units

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Dental Office Real Estate Agency Building Supply HVAC Service Auto Parts Store Electrical Service

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,169
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
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three residential units feature updated kitchens, in-unit laundry appliances, and private balconies.
Where is this triplex located?
The property is located at 23 S MORRISON ST Memphis, TN.
What is the asking price?
The asking price for this property is $839,000.
What are key features of this property?
This property features: Three‑unit multifamily property built in 2021; Each residence offers 2 bedrooms and 2 baths; Modern kitchens in all three units
More about this property
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