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Updated 12-Unit Apartment Building
For Sale
Contact for pricing
Pending

20 N Belvedere Blvd, Memphis, TN 38104

Renovated multifamily property with varied layouts and established short-term rental operations.

Property SizeContact for details
Days on Market140

Property Features for 20 N Belvedere Blvd

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 12
Listing Agency: Woodyard Realty Corporation
Listed By: Steve Woodyard · License #TN 217464
Source: Crexi
Added: Apr 13 Changed: Aug 30 Last Checked: Aug 30 at 4:38AM

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.

This updated apartment building contains 12 units with a mix of studio, one-bedroom, and two-bedroom floor plans. Recent improvements support both furnished short-term rental operations and conventional multifamily occupancy, while the varied layouts broaden the property’s residential appeal.

The property is situated in Midtown Memphis near major healthcare employment centers, including St. Jude Children’s Research Hospital and Regional One Health. The surrounding area includes more than 30,000 medical jobs, along with restaurants, retail, and Overton Park within the broader walkable neighborhood setting.

Key Highlights

  • 12‑unit apartment building with studio, one‑bedroom, and two‑bedroom layouts
  • Fully updated units
  • Previously operated as a short‑term rental property

Property Analytics

Current Use

Belvedere Suites Travel Agency

Suggested Use

Top Pick Electrical Service HVAC Service Home Appliance Store Pet Grooming Service (Bike/Boat/Book/etc) Store Grocery & Convenience 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

12
Residential units

Location Intelligence

Trade Area within ½ mile

1,803
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 - Renovated multifamily property with varied layouts and established short-term rental operations.
Where is this apartment building located?
The property is located at 20 N Belvedere Blvd Memphis, TN.
What are key features of this property?
This property features: 12‑unit apartment building with studio, one‑bedroom, and two‑bedroom layouts; Fully updated units; Previously operated as a short‑term rental property
(901) 767-1998 Call to check price and availability
More about this property
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