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Triplex with Two Extra Lots
For Sale
$149,000

279 West Person Avenue, Memphis, TN 38109

Three-unit property accompanied by two adjacent lots.

Property SizeContact for details
Days on Market378

Property Features for 279 West Person Avenue

General Information

Standard status Active
Property subtype Multi-Family / Triplex

Taxes and HOA fees

Annual Taxes $555

Amenities

Other (See Remarks)
Shingle/Shake

Building Details

Year Built 1913
Listing Agency: BEST Real Estate Company
Listed By: Walter Jones
Source: Compass
Added: Aug 19, 2025 Changed: Aug 29 Last Checked: Aug 31 at 1:04AM

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 BEST Real Estate Company

Investment Insights

Based on property information with market context.

This triplex property includes the main three-unit building and two adjacent lots at 279 West Person Avenue in Memphis, Tennessee. The additional parcels are part of the offering and provide separately identified land alongside the residential structure.

Built in 1913, the building has a shingle/shake exterior and an interior feature noted as “Other (See Remarks).” Two of the three units are currently rented, while the third unit is being marketed. The property is located in Memphis ZIP code 38109.

Key Highlights

  • Three‑unit residential property with two adjacent lots
  • Two of three units are currently rented
  • Third unit is being marketed

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Dental Office Spa & Massage Center HVAC Service Hair Salon Restaurant

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

176
Businesses Nearby

Demographics for 38109, TN

42,437
Population
18,881
Households
2.2
Avg Household Size
40
Median Age
14%
College-Educated
87%
High-School Grad
59.7 sq mi
ZIP Area
711
Density / Sq Mi
$36,934
Median Household Income
$30,780
Median Earnings
$1,000
Median Rent
$76,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit property accompanied by two adjacent lots.
Where is this triplex located?
The property is located at 279 West Person Avenue Memphis, TN.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Three‑unit residential property with two adjacent lots; Two of three units are currently rented; Third unit is being marketed
More about this property
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