14-Unit Apartment
1861 Corning Ave, Memphis, TN 38127
For Sale
$700,000
Multifamily property with consistent two-bedroom, one-bathroom unit layouts and established tenant occupancy.
Property SizeContact for details
Days on Market98
Property Features for 1861 Corning Ave
General Information
Standard status
Property subtype
Occupancy
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
Grand Point Realty, LLC
Listed By:
Dylan Patel · License TN #360361
(901) 826-8712
Source:
Bryanrealty
Added: Aug 8
Changed: Oct 25
Last Checked: Oct 7 at 1:09PM
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
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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
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Lease Details
14
Residential units
93%
Occupancy
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
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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
$82,500
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Memphis, TN
Properties on Market for Apartment buildings in Memphis
Vacancy Rate% for Multifamily in South region
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 $700,000.
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
