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Evergreen Terrace Apartment Building
For Sale
$3,200,000

1796 Poplar Avenue, Memphis, TN 38104

Multi-residence property renovated in 2020 with an established Midtown setting.

Property SizeContact for details
Days on Market71

Property Features for 1796 Poplar Avenue

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 28

Building Details

Year Built 1924
Year Renovated 2020
Buildings 2
Units 28
Listing Agency: Woodyard Realty Corporation
Listed By: Lea Heilig · License #TN #291983
Source: Woodyardrealty
Added: Jun 25 Changed: Aug 31 Last Checked: Sep 2 at 3:50PM

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.

Evergreen Terrace Apartments is a 28-residence apartment property at 1796 Poplar Avenue in Memphis, Tennessee. Originally completed in 1924, the building underwent renovation in 2020, combining historic construction with more recent improvements.

The property is situated in Midtown Memphis, providing a recognizable urban setting for an apartment building of this scale. Its established address and 28-residence configuration define the asset, while the 2020 renovation provides a clear reference point for its current condition and ownership review.

Key Highlights

  • 28 residences in an apartment building
  • Renovated in 2020
  • Built in 1924

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Acupuncture Home Appliance Store HVAC Service (Bike/Boat/Book/etc) Store Carpet & Flooring 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

28
Residential units

Location Intelligence

Trade Area within ½ mile

1,394
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 - Multi-residence property renovated in 2020 with an established Midtown setting.
Where is this apartment building located?
The property is located at 1796 Poplar Avenue Memphis, TN.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 28 residences in an apartment building; Renovated in 2020; Built in 1924
More about this property
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