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Colonial Village Apartment Building
For Sale
$2,200,000

2227 Airways Boulevard, Memphis, TN 38114

Established multifamily asset built in 1963 near major employers.

Property SizeContact for details
Days on Market68

Property Features for 2227 Airways Boulevard

General Information

Standard status Active
Property subtype Multifamily

Building Details

Year Built 1963
Units 42
Listing Agency:
Listed By: Bryan Sisk · License #TN #330010
Source: Woodyardrealty
Added: Jun 25 Changed: Aug 30 Last Checked: Aug 30 at 3:07PM

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 Bryan Sisk

Investment Insights

Based on property information with market context.

Colonial Village Apartments is an apartment-building property at 2227 Airways Boulevard in Memphis, Tennessee. Built in 1963, the asset is classified within the multifamily property sector.

The property is situated near major employers including FedEx, Nike, and Smith and Nephew.

Key Highlights

  • Apartment‑building property at 2227 Airways Boulevard, Memphis, TN 38114
  • Built in 1963
  • Near FedEx, Nike, and Smith and Nephew

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Nail Salon Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

284
Businesses Nearby

Demographics for 38114, TN

23,559
Population
12,252
Households
1.9
Avg Household Size
38
Median Age
14%
College-Educated
82%
High-School Grad
7.6 sq mi
ZIP Area
3,100
Density / Sq Mi
$32,080
Median Household Income
$28,570
Median Earnings
$897
Median Rent
$79,000
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 - Established multifamily asset built in 1963 near major employers.
Where is this apartment building located?
The property is located at 2227 Airways Boulevard Memphis, TN.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Apartment‑building property at 2227 Airways Boulevard, Memphis, TN 38114; Built in 1963; Near FedEx, Nike, and Smith and Nephew
More about this property
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