Ripley Multifamily Investment
215 S WASHINGTON St Ripley, TN 38063
215 S WASHINGTON St, Ripley, TN, 38063
$110,000
For Sale
$110,000
COMMERCIAL - Ripley, TN
Days on Market138
Property Features for 215 S WASHINGTON St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
Taxes and HOA fees
- Tax Annual Amount
- 2261
Building Details
- Year built
- 1940
Listing agency
Unique Properties
(731) 635-3660
Listed by
Pamela Worley
(731) 413-0324
Added: Mar 5 Updated: May 28 at 2:48PM Checked: Jul 21 at 7:06AM
MLS# 10216355
Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily property in Ripley, Tennessee, presents an investment opportunity. Priced below market value due to needed repairs, the property still offers income potential. The corner building includes one current tenant paying $400 per month and two vacant units requiring extensive repairs. Building 2 has a long-term tenant with a monthly rent of $300. Building 3 is occupied by three tenants, generating monthly incomes of $800, $500, and $300, respectively. Prospective buyers can walk the property and view the exterior by appointment. Interior viewings are limited to after an offer is signed and accepted by all parties.
Key Highlights
- Priced below market value, presenting an exceptional investment opportunity.
- Existing rental income from multiple tenants across three buildings provides immediate returns.
- Opportunity for increased income through renovation of vacant units.
Property Analytics
Property Profile
Location Intelligence
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FAQs
What type of property is this?
Multifamily property - Multifamily property in Ripley, Tennessee with income potential.
Where is this multifamily property located?
The property is located at 215 S WASHINGTON St Ripley, TN.
What is the asking price?
The asking price for this property is $110,000.
What are key features of this property?
This property features: Priced below market value, presenting an exceptional investment opportunity.; Existing rental income from multiple tenants across three buildings provides immediate returns.; Opportunity for increased income through renovation of vacant units.
