Listing Agency: Crye-Leike Commercial Memphis

Listed By: Jeffrey Moore · License #TN 250330 Show Phone

Source: Crexi

Added: Sep 21 Changed: Sep 24 Last Checked: Sep 26 at 6:38AM

Report an Issue

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 Crye-Leike Commercial Memphis

Investment Insights

Based on property information with market context.

Located at 261 Keel Ave in Memphis, this multifamily property offers two-bedroom residences. Laundry appliances are included, and the building has a new roof.

Key Highlights

• Every residence has two bedrooms
• Laundry appliances included
• New roof

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Kitchen & Bath Showroom Big Box & Wholesale Store Spa & Massage Center Bakery Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

645

Businesses Nearby

Explore this area Business Placement

Demographics for 38107, TN

15,655

Population

8,093

Households

1.9

Avg Household Size

37

Median Age

24%

College-Educated

87%

High-School Grad

5.4 sq mi

ZIP Area

2,899

Density / Sq Mi

$36,393

Median Household Income

$34,958

Median Earnings

$999

Median Rent

$128,600

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Dollar Tree NNN Retail Property

1246 Lamar Ave, Memphis, TN 38104

$1,193,000

8,320 SF

View details

Historic Mixed-Use Property

126 Monroe Ave, Memphis, TN 38103

$875,000

10,187 SF

View details

Freestanding Retail Redevelopment Building

2029 Union Avenue, Memphis, TN 38104

$525,000

7,094 SF

View details

Second-Generation Restaurant

153 E Ge Patterson Ave, Memphis, TN 38103

$550,000

4,493 SF

View details

Freestanding Office Units

2004 Exeter, Memphis, TN 38138

$599,000

2,000 SF

View details

Freestanding Retail Building with Offices

5685 Quince Road, Memphis, TN 38119

$2,500,000

13,416 SF

View details

Two-Story Office Building

3320 Austin Peay Hwy, Memphis, TN 38128

$1,299,000

20,710 SF

View details

Flex Space with Grade Doors

3212 Jean Dr, Memphis, TN 38118

$580,000

11,066 SF

View details

Four-Tenant NNN Retail Center

2094 Frayser Blvd, Memphis, TN 38127

$524,285

2,950 SF

View details

Manufacturing Property with Cranes

1199 Thomas St, Memphis, TN 38107

$1,500,000

109,340 SF

View details

Two-Level Restaurant Condominium

95 S Main St, Memphis, TN 38103

$694,000

3,065 SF

View details

46-Unit Apartment Portfolio

3439 SOUTHERN Ave, Memphis, TN 38111

$1,900,000

7,000 SF

View details

Frequently Asked Questions

What type of property is this?

Multifamily property - Each residence has a two-bedroom layout and laundry appliances.

Where is this multifamily property located?

The property is located at 261 Keel Ave Memphis, TN.

What is the asking price?

The asking price for this property is $792,000.

What are key features of this property?

This property features: Every residence has two bedrooms; Laundry appliances included; New roof