Apartment Building

Memphis, TN Apartment Buildings for Sale

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Apartment Buildings with Recent Improvements
Updated: Aug 26
Apartment Buildings with Recent Improvements

1239 Agnes Pl, Memphis, TN 38104

$550,000
6,777 sqft
Two apartment buildings totaling 6,777 square feet
Six units have been renovated
Both roofs replaced in 2023 and 2024
Rotted wood removed and buildings painted in 2023
Rear building weather head and breaker box upgraded in 2026
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1239 Agnes Pl, Memphis, TN 38104

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Renovated Townhome Apartment Community
Updated: Apr 24
Renovated Townhome Apartment Community

1961-1970 REMBERT Pl, Memphis, TN 38104

$1,600,000
1,116 sqft
Renovation completed in 2019; improvements include windows, roof, flooring, granite countertops, and stainless steel appliances
Each residence features 2 beds/2.5 baths with two upper‑level bedrooms and full baths
2 dedicated parking spaces per residence with asphalt parking and updated exterior lighting
Gated townhome‑style apartment community at 1961‑1970 REMBERT Pl, Memphis, TN 38104
RU‑3 zoning with no HOA or deed restrictions
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5-Unit Garden Apartment Building
5-Unit Garden Apartment Building

1025 S WELLINGTON St, Memphis, TN 38126

$292,500
3,772 sqft

Garden apartment property with updated roof, plumbing, electrical, and mechanical systems.

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21-Unit Townhome-Style Apartment Building
21-Unit Townhome-Style Apartment Building

4390 KAMALI Ct, Memphis, TN 38128

$625,000
20,956 sqft

Two-bedroom layouts include one-and-a-half baths, laundry connections, and individual water shut-off valves.

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Renovated 5-Unit Apartment Building
Renovated 5-Unit Apartment Building

712 N FIFTH St, Memphis, TN 38107

$444,900
3,202 sqft

Fully electric property with updated building systems and two Section 8 leases.

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5-Unit Apartment Building
5-Unit Apartment Building

1515 MADISON Ave, Memphis, TN 38104

$380,000
3,166 sqft

Gated parking and on-site laundry support the existing rental configuration.

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27-Unit Apartment Building
27-Unit Apartment Building

2116 HOWELL Ave, Memphis, TN 38108

$900,000
16,416 sqft

Individually metered apartments with recent site and building improvements.

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5-Unit Garden Apartment Building
5-Unit Garden Apartment Building

1025 S Wellington St, Memphis, TN 38126

$292,500
3,772 sqft

Garden-style multifamily property with recent building-system upgrades and current occupancy across its apartment units.

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10-Bedroom Apartment Building
10-Bedroom Apartment Building

488 LACLEDE Ave, Memphis, TN 38126

$172,000
3,301 sqft

Currently vacant, with tenants on standby.

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Renovated 6-Unit Apartment Building
Renovated 6-Unit Apartment Building

487 WILLIAMS Ave, Memphis, TN 38126

$369,000
4,200 sqft

Apartment property with refurbished units, a replaced sewer line, and a mix of occupied, available, and soon-to-be-vacant residences.

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22-Unit Apartment Complex
22-Unit Apartment Complex

1744 N Graham St, Memphis, TN 38108

$1,380,000
16,488 sqft

Three buildings offer renovated interiors and updated plumbing, appliances, flooring, and paint.

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Madison East Renovated Apartments
Madison East Renovated Apartments

2780 Madison Avenue, Memphis, TN 38111

$4,995,000
70,832 sqft

The Memphis multifamily property dates to 1967 and received renovation work in 1980.

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28-Unit Apartment Building Package
28-Unit Apartment Building Package

1-3636 Spottswood Ave, Memphis, TN 38114

$2,250,000
916 sqft

Three-building condo package with every unit leased and shuttle service stopping at the property.

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Renovated Multifamily Community in Midtown
Renovated Multifamily Community in Midtown

170 North Hollywood Street, Memphis, TN 38112

$5,900,000
49,222 sqft

Renovated 52-unit multifamily property in Midtown Memphis.

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Casa del Rey Apartment Building
Casa del Rey Apartment Building

634 Brister Street, Memphis, TN 38111

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9,750 sqft

Apartment property at 634 Brister Street, built in 1965.

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14-Unit Apartment Building
14-Unit Apartment Building

1861 CORNING AVE, Memphis, TN 38127

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13,365 sqft

Multifamily property with consistent two-bedroom, one-bathroom unit layouts and established tenant occupancy.

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University Highlands Apartment Building
University Highlands Apartment Building

3417 Spottswood Avenue, Memphis, TN 38111

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30,744 sqft

Apartment property in Memphis with an established operating history and 1985 construction.

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Renovated 10-Unit Apartment Property
Renovated 10-Unit Apartment Property

3917 Dunn Avenue, Memphis, TN 38111

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8,380 sqft

Updated multifamily asset with modernized systems, in-unit laundry, and refreshed kitchen finishes.

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12-Unit Brick Apartment Building
12-Unit Brick Apartment Building

1500 Madison Avenue, Memphis, TN 38104

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14,598 sqft

Three-story brick apartments with established multifamily use and substantial renovation requirements across most units.

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Six-Unit Apartment Building
Six-Unit Apartment Building

487 Williams Ave, Memphis, TN 38126

$369,000
4,200 sqft

Multifamily property with refurbished units, updated sewer infrastructure, and a mix of occupied, transitioning, and vacant units.

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51-Unit Apartment Portfolio
51-Unit Apartment Portfolio

347 South Front Street, Memphis, TN 38103

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53,208 sqft

Two adjacent Memphis properties operate together within the South Main Arts District’s downtown residential and commercial setting.

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Southern Place Apartment Building
Southern Place Apartment Building

3465 Southern Ave, Memphis, TN 38111

$1,667,500

Established multifamily property with the option to acquire individually or alongside a five-property apartment portfolio.

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Apartment Complex Near University
Apartment Complex Near University

665 E Pontotoc Ave, Memphis, TN 38126

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5,600 sqft

Apartment complex near universities with redevelopment potential.

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Multifamily Apartment Building
Multifamily Apartment Building

625 Brister St., Memphis, TN 38111

$1,980,000

For sale multifamily apartment building at 625 Brister St., Memphis, Tennessee.

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Memphis, TN Apartment Buildings Market Trends and Statistics

Explore 72 apartment buildings for sale in Memphis, TN, showcased through 68 active listings on our real estate platform. These investment opportunities span a total of 621,307 square feet of properties for sale, with an estimated market value of $103,838,399.

Sale prices for two-family homes in Memphis, TN start at $172,000, averaging $3,146,618, and reaching up to $23,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Garden apartment buildings 1
Small apartment buildings 1

Demographics Overview

Population 718K
Population Growth (5Y) -3.1%
Median Household Income $61,271
College Educated 18.4%

High-Yield Neighborhoods for Investment

Identify Memphis submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
38106 $315K
38126 $322.6K
38107 $373.1K
38109 $605K
38128 $650K

Taxes & Financing

Tax Rate (average for all types) 5.80%
Property Tax per SF $85.96 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Shelby County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Shelby County

Residential Income

Property Size Breakdown

The majority of commercial real estate listings in Memphis fall within the 100,000+ square foot range.

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