New Multifamily Investment
For Sale
$224,000
259 Maryland Avenue, Memphis, TN 38126
Four-unit property with immediate income and growth potential.
Property SizeContact for details
Days on Market143
Property Features for 259 Maryland Avenue
General Information
Standard status
Active
Property subtype
Multi-Family / Fourplex
Taxes and HOA fees
Annual Taxes
$3,443
Amenities
Vinyl Floor
Other (See REMARKS)
Composition
Building Details
Year Built
1958
Listing Agency:
Renshaw Company, REALTORS
(901) 484-0478
Listed By:
Caleb Parr · License #340494
(901) 484-0478
Source:
Compass
Added: Mar 23
Changed: Aug 8
Last Checked: Jul 16 at 7:34AM
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 Renshaw Company, REALTORS
Investment Insights
Based on property information with market context.
This professionally managed, newly built four-unit investment property is located in a rapidly developing area of Memphis. The property features modern construction, including a new roof. The building comprises one two-bedroom unit and three studio apartments. Currently, two units are leased for a total of $1925, providing immediate income. The remaining two units are ready to be marketed at an estimated $875 per month. With full occupancy, the property is projected to generate strong cash flow and attractive returns for investors interested in newer multifamily assets in Memphis.
Key Highlights
- Professionally managed, newly built four‑unit investment property.
- Immediate income from two leased units generating $1925 total.
- Potential for increased income with two vacant units ready to be leased at approximately $875/month each.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
Explore this area
Business Placement
Demographics for 38126, TN
5,717
Population
3,260
Households
1.8
Avg Household Size
32
Median Age
14%
College-Educated
82%
High-School Grad
1.9 sq mi
ZIP Area
3,009
Density / Sq Mi
$30,825
Median Household Income
$32,396
Median Earnings
$794
Median Rent
$59,000
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?
Quadplex - Four-unit property with immediate income and growth potential.
Where is this quadplex located?
The property is located at 259 Maryland Avenue Memphis, TN.
What is the asking price?
The asking price for this property is $224,000.
What are key features of this property?
This property features: Professionally managed, newly built four‑unit investment property.; Immediate income from two leased units generating $1925 total.; Potential for increased income with two vacant units ready to be leased at approximately $875/month each.
