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Renovated Triplex Investment
For Sale
$165,000

1664 South Lauderdale Street, Memphis, TN 38106

Freshly renovated triplex in South Memphis with rental income potential and access to public transportation and shopping.

Days on Market70

Property Features for 1664 South Lauderdale Street

General Information

Standard status Active
Property subtype Multi-Family / Triplex

Additional Details

Multifamily Units 3

Building Details

Year Built 1960
Listing Agency: Assured Real Estate Services
Listed By: Rodney Porter
Source: Compass
Added: May 23 Changed: Jul 22 Last Checked: Jul 26 at 11:36AM

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 Assured Real Estate Services

Investment Insights

Based on property information with market context.

This freshly renovated tri plex offers an income-oriented residential setup designed for investors seeking a turn-key property. The home is described as recently updated and is positioned as a strong rental income opportunity.

Situated in the South Memphis area, the property is located in a mature neighborhood and provides access to public transportation and shopping. It is also characterized as being centrally located within the area.

As a tri plex, the property is configured as a three-unit residential income asset and is presented for sale at an investor-focused level.

Key Highlights

  • Freshly renovated triplex in South Memphis
  • Year built: 1960
  • Vinyl floors

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Building Supply

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

246
Businesses Nearby

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

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 - Freshly renovated triplex in South Memphis with rental income potential and access to public transportation and shopping.
Where is this triplex located?
The property is located at 1664 South Lauderdale Street Memphis, TN.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Freshly renovated triplex in South Memphis; Year built: 1960; Vinyl floors
More about this property
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