14-Unit Apartment
New
For Sale
Contact for pricing
1861 CORNING AVE, Memphis, TN 38127
Multifamily property with consistent two-bedroom, one-bathroom unit layouts and established tenant occupancy.
Property Size13,365 SF
Price / SF$52.30
Days on Market7
Property Features for 1861 CORNING AVE
General Information
Standard status
Active
Size
13,365 SF
Class
C
Property subtype
Multifamily
Occupancy
93%
Net Operating Income
$52,443
Units
Unit Mix
14 x 2BR/1BA
Multifamily Units
14
Building Details
Year Built
1964
Stories
1
Units
14
Tenancy
Multi
Listing Agency:
Grand Point Realty LLC
Listed By:
Dylan Patel · License #360361
Source:
Crexi
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 11 at 7:14AM
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 Grand Point Realty LLC
Investment Insights
Based on property information with market context.
This apartment building at 1861 Corning Avenue in Memphis contains 14 residential units totaling 13,365 square feet. Every unit is configured with two bedrooms and one bathroom, creating a consistent layout across the property. Built in 1964, the asset offers an established multifamily configuration with 13 units currently rented and one unit available.
The property is located in Memphis, Tennessee, and reports 93% occupancy. Its uniform unit mix and existing tenant base provide a straightforward operating profile for multifamily ownership. The available unit and current occupancy details offer a clear view of the property’s present leasing status.
The property is located in Memphis, Tennessee, and reports 93% occupancy. Its uniform unit mix and existing tenant base provide a straightforward operating profile for multifamily ownership. The available unit and current occupancy details offer a clear view of the property’s present leasing status.
Key Highlights
- 14‑unit apartment building with 13 of 14 units rented
- All units feature 2 bedrooms and 1 bathroom
- 13,365 SF multifamily property
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
Explore this area
Business Placement
Demographics for 38127, TN
40,679
Population
17,560
Households
2.3
Avg Household Size
33
Median Age
11%
College-Educated
83%
High-School Grad
37.8 sq mi
ZIP Area
1,076
Density / Sq Mi
$37,768
Median Household Income
$31,790
Median Earnings
$1,104
Median Rent
$82,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with consistent two-bedroom, one-bathroom unit layouts and established tenant occupancy.
Where is this apartment building located?
The property is located at 1861 CORNING AVE Memphis, TN.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 14‑unit apartment building with 13 of 14 units rented; All units feature 2 bedrooms and 1 bathroom; 13,365 SF multifamily property
