11-Unit Multifamily
For Sale
$325,000
244 Richmond Ave, Memphis, TN 38106
Five duplexes and a detached residence occupy one parcel, with separate living, kitchen, and bedroom areas in the one-bedroom units.
Property Size6,552 SF
Price / SF$49.60
Days on Market36
Property Features for 244 Richmond Ave
General Information
Standard status
Active
Size
6,552 SF
Property subtype
Multi-Family
Units
Unit Mix
10 x 1BR/1BA, 1 x single family residence
Multifamily Units
11
Building Details
Year Built
1940
Buildings
6
Listing Agency:
Marx-Bensdorf, Realtors
Listed By:
John Quinn · License #3298267
(901) 591-8100
Source:
Johnquinnrealestate
Added: Jul 29
Changed: Sep 1
Last Checked: Sep 1 at 6:29PM
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 Marx-Bensdorf, Realtors
Investment Insights
Based on property information with market context.
This multifamily property comprises 11 rental units across five duplexes and one detached single-family home on a single parcel. Ten units are configured as one-bedroom, one-bath residences, each with separate living room, kitchen, and bedroom areas. The remaining building has been converted to a single-family residence. Built in 1940, the property contains 6,552 square feet of building area.
The property is located at 244 Richmond Ave in Memphis, Tennessee. Its mix of duplex buildings and a detached home creates a varied residential configuration within one holding, with the ten matching one-bedroom units providing a consistent layout across the duplex component.
The property is located at 244 Richmond Ave in Memphis, Tennessee. Its mix of duplex buildings and a detached home creates a varied residential configuration within one holding, with the ten matching one-bedroom units providing a consistent layout across the duplex component.
Key Highlights
- 11 rental units on a single parcel
- Five duplexes plus one detached single‑family home
- Ten 1 bedroom, 1 bath units with separate living rooms, kitchens, and bedrooms
Property Analytics
Property Profile
Current Use
Lease Details
11
Residential units
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Explore this area
Business Placement
Demographics for 38106, TN
22,394
Population
11,630
Households
1.9
Avg Household Size
41
Median Age
12%
College-Educated
83%
High-School Grad
10.4 sq mi
ZIP Area
2,153
Density / Sq Mi
$29,818
Median Household Income
$30,101
Median Earnings
$915
Median Rent
$66,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Five duplexes and a detached residence occupy one parcel, with separate living, kitchen, and bedroom areas in the one-bedroom units.
Where is this multifamily property located?
The property is located at 244 Richmond Ave Memphis, TN.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 11 rental units on a single parcel; Five duplexes plus one detached single‑family home; Ten 1 bedroom, 1 bath units with separate living rooms, kitchens, and bedrooms
