178-Unit Apartment
New
For Sale
$4,800,000
2271 Airways Blvd, Memphis, TN 38114
Apartment property near Memphis International Airport and interstate access, with 25% occupancy and substantial repositioning needs.
Property SizeContact for details
Days on Market6
Property Features for 2271 Airways Blvd
General Information
Standard status
Active
Occupancy
25%
Additional Details
Highway Access
Yes
Multifamily Units
178
Building Details
Year Built
1973
Listing Agency:
Braden, Braden & Braden LLC
(901) 881-2070
Listed By:
Jackie Braden · License #363196
Source:
Bryanrealty
Added: Aug 25
Changed: Aug 28
Last Checked: Aug 29 at 12:01PM
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 Braden, Braden & Braden LLC
Investment Insights
Based on property information with market context.
This multifamily property contains 178 apartment units and was built in 1973. Current occupancy is 25%, presenting a largely vacant operating profile for a buyer evaluating the property’s existing condition and future operations.
The property is located on Airways Blvd in Memphis, near Memphis International Airport and an interstate. Its unit count, construction vintage, and current occupancy define the asset’s primary underwriting considerations.
The property is located on Airways Blvd in Memphis, near Memphis International Airport and an interstate. Its unit count, construction vintage, and current occupancy define the asset’s primary underwriting considerations.
Key Highlights
- 178 apartment units
- 25% occupied
- Built in 1973
Property Analytics
Property Profile
Current Use
Lease Details
178
Residential units
25%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
268
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment property near Memphis International Airport and interstate access, with 25% occupancy and substantial repositioning needs.
Where is this apartment building located?
The property is located at 2271 Airways Blvd Memphis, TN.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: 178 apartment units; 25% occupied; Built in 1973
