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9-Unit Apartment Building

229 N Dunlap St, Memphis, TN 38105

For Sale
$1,250,000

The property includes nine one-bedroom apartments, with eight units renovated and designated parking on the combined parcels.

Property Size4,176 SF
Lot Size0.55 Acres
Price / SF$299.33
Days on Market52

Property Features for 229 N Dunlap St

General Information

Standard status Active
Size 4,176 SF
Lot size 0.55 Acres
Property subtype Multi-Family

Site & Location

Neighborhood Memphis Medical District Collaborative

Units

Unit Mix 9 x 1BR/1BA
Multifamily Units 9

Building Details

Year Built 1956
Buildings 1
Listing Agency: Broker South Realty
Listed By: The Eric Crutcher Sales Team
Source: Doorstep-realty
Added: Sep 24 Changed: Nov 12 Last Checked: Nov 12 at 7:00AM

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 Broker South Realty

Rey
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Investment Insights

Based on property information with market context.

This 9-unit apartment property contains 4,176 square feet, with each residence configured as a one-bedroom, one-bathroom unit. Eight apartments have been renovated with updated electrical breakers, cabinetry, central heat, electric utilities, LVP flooring, PEX plumbing, tile tub surrounds, toilets, vanities, water heaters, and windows. Firewalls separate each group of three units, and the roof was replaced 4-5 years ago. Designated parking is included.

The building and adjacent parcel comprise 23,958 square feet of land. The property is located across from Le Bonheur Children's Hospital in Memphis.

Key Highlights

  • 9 apartments, each configured as a one‑bedroom, one‑bathroom unit
  • 4,176‑square‑foot building on 23,958 square feet of combined land
  • Eight of nine units renovated

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

9
Residential units

Location Intelligence

Trade Area within ½ mile

2,501
Businesses Nearby

Demographics for 38105, TN

6,232
Population
4,145
Households
1.5
Avg Household Size
39
Median Age
22%
College-Educated
81%
High-School Grad
1.7 sq mi
ZIP Area
3,666
Density / Sq Mi
$29,316
Median Household Income
$34,969
Median Earnings
$928
Median Rent
$75,400
Median Home Value
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Market

Average Price Trend$/SF for Apartment buildings in Memphis, TN

$316 Jul
$316 Aug
$266 Sep
$239 Oct

Properties on Market for Apartment buildings in Memphis

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - The property includes nine one-bedroom apartments, with eight units renovated and designated parking on the combined parcels.
Where is this apartment building located?
The property is located at 229 N Dunlap St Memphis, TN.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 9 apartments, each configured as a one‑bedroom, one‑bathroom unit; 4,176‑square‑foot building on 23,958 square feet of combined land; Eight of nine units renovated
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