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Six-Unit Historic Apartment Building
For Sale
$599,000

1781 Peabody Avenue, Memphis, TN 38104

A 1922 property with dedicated resident parking near dining, entertainment, and employment centers.

Property SizeContact for details
Days on Market67

Property Features for 1781 Peabody Avenue

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 6

Building Details

Year Built 1922
Units 6
Listing Agency: Woodyard Realty Corporation
Listed By: Worth Woodyard · License #356099
Source: Woodyardrealty
Added: Jun 25 Changed: Aug 29 Last Checked: Aug 29 at 11:50PM

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.

Built in 1922, this six-unit apartment property combines historic character with a residential income configuration. The building includes period architectural details and dedicated parking for residents.

The property is in Memphis’s Central Gardens neighborhood, with access to the dining, nightlife, theaters, bars, and restaurants associated with Overton Square and Cooper-Young. Its location also places it near the Medical District and Downtown employment centers.

Key Highlights

  • Six‑unit apartment property built in 1922
  • Located in Memphis’s historic Central Gardens neighborhood
  • Period architectural character and vintage details

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Home Appliance Store HVAC Service (Bike/Boat/Book/etc) Store Nursing Home Pet Grooming Service Storage Facility

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

6
Residential units

Location Intelligence

Trade Area within ½ mile

1,414
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 - A 1922 property with dedicated resident parking near dining, entertainment, and employment centers.
Where is this apartment building located?
The property is located at 1781 Peabody Avenue Memphis, TN.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Six‑unit apartment property built in 1922; Located in Memphis’s historic Central Gardens neighborhood; Period architectural character and vintage details
More about this property
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