Updated Four-Unit Apartment
259 MARYLAND Ave Memphis, TN 38126
New
MULTI_FAMILY - Memphis, TN
Property size:
4,662 SFPrice / SF:
$48/SF- Added:
- Jul 9, 2026
- Days on Market:
- 1
- Last Refresh:
- Jul 9 at 11:06 pm
Property Features for 259 MARYLAND Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 4,662 SF
Taxes and HOA fees
- Tax Annual Amount
- 1757
Building Details
- Year built
- 1958
Listing agent Caleb Parr License #340494 (901) 484-0478
Listing office Renshaw Company, REALTORS 5865 Ridgeway Ctr. Pkwy, #101, Memphis, TN (901) 820-4367
Listing date Jul 9, 2026
MLS# 10225727
Listing URL
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 four-unit apartment building includes three 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit. The interiors have been recently updated with new flooring, updated cabinetry, and modern finishes throughout. The property also has a new roof. Window security bars with interior release mechanisms are installed, supporting tenant safety and property protection.
The building is located at 259 Maryland Ave in Memphis, TN 38126, in Shelby County. Per the seller’s remarks, the surrounding area is seeing new construction and development activity, and prospective buyers are encouraged to review the neighborhood conditions and nearby changes.
From an ownership standpoint, this is a straightforward 4-unit setup with a mix of unit sizes to support tenant demand. One unit is currently occupied at $825 per month, while the remaining three units are vacant and cleared, offering an operator the ability to position those units for new tenants following the start of ownership. The combination of recent interior updates and roof replacement may reduce near-term capital planning relative to properties that have not been refreshed.
The building is located at 259 Maryland Ave in Memphis, TN 38126, in Shelby County. Per the seller’s remarks, the surrounding area is seeing new construction and development activity, and prospective buyers are encouraged to review the neighborhood conditions and nearby changes.
From an ownership standpoint, this is a straightforward 4-unit setup with a mix of unit sizes to support tenant demand. One unit is currently occupied at $825 per month, while the remaining three units are vacant and cleared, offering an operator the ability to position those units for new tenants following the start of ownership. The combination of recent interior updates and roof replacement may reduce near-term capital planning relative to properties that have not been refreshed.
Key Highlights
- 4‑unit building built in 1958 with three 1BD/1BA units and one 2BD/1BA unit
- All units recently updated with new flooring, updated cabinetry, and modern finishes
- New roof installed
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit multifamily with updated interiors, a new roof, and three vacant units ready for immediate leasing.
Where is this quadplex located?
The property is located at 259 MARYLAND Ave 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: 4‑unit building built in 1958 with three 1BD/1BA units and one 2BD/1BA unit; All units recently updated with new flooring, updated cabinetry, and modern finishes; New roof installed
