Multifamily Portfolio with 11
244 RICHMOND Ave Memphis, TN 38106
New
For Sale
$325,000
MULTI_FAMILY - Memphis, TN
Property Size6,552 SF
Price / SF$49.60
Days on Market2
Property Features for 244 RICHMOND Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2
Standard status
Active
Size
6,552 SF
Taxes and HOA fees
Tax Annual Amount
1717
Building Details
Year built
1940
Listing Agency:
eXp Realty, LLC
(888) 519-5113
Listed By:
Michael Valenza
(901) 335-7878
Added: Jul 27
Changed: Jul 28
Last Checked: Jul 28 at 3:06AM
MLS# 10227066
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 for-sale multifamily property features 11 rental units on a single parcel, made up of five duplexes and one detached single-family home. The unit mix includes ten 1-bedroom, 1-bath units, each with separate living rooms, kitchens, and bedrooms.
The sixth building is converted into a single-family residence, creating additional configuration flexibility within the overall income property.
Set up for an owner who wants to manage a diversified rental arrangement, the asset combines multiple duplex layouts with a detached home in one consolidated ownership.
The sixth building is converted into a single-family residence, creating additional configuration flexibility within the overall income property.
Set up for an owner who wants to manage a diversified rental arrangement, the asset combines multiple duplex layouts with a detached home in one consolidated ownership.
Key Highlights
- Own 11 rental units on one parcel: five duplexes plus one detached single‑family home
- Ten units are 1‑bedroom, 1‑bath with separate living rooms, kitchens, and bedrooms
- Sixth building is converted to a single‑family residence for added flexibility
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Single-parcel property with five duplexes and one detached single-family residence, totaling 11 rental units.
Where is this apartment building 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: Own 11 rental units on one parcel: five duplexes plus one detached single‑family home; Ten units are 1‑bedroom, 1‑bath with separate living rooms, kitchens, and bedrooms; Sixth building is converted to a single‑family residence for added flexibility
