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19-Unit Multifamily Portfolio
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32 N Belvedere Blvd, Memphis, TN 38104

Portfolio includes a varied bedroom mix, on-site parking, laundry connections, and ongoing property management.

Property Size872 SF
Price / SF$1,798
Days on Market135

Property Features for 32 N Belvedere Blvd

General Information

Standard status Active
Size 872 SF
Property subtype Multifamily
Occupancy 95%

Units

Unit Mix 5 x 3BR, 13 x 2BR, 1 x 1BR
Multifamily Units 19

Amenities

parking
washer/dryer connections

Building Details

Year Built 1962
Year Renovated 2025
Buildings 5
Stories 2
Units 19
Listing Agency: Crye-Leike, Inc., REALTORS
Listed By: Tyler Tapley · License #TN 296080
Source: Crexi
Added: Apr 20 Changed: Aug 30 Last Checked: Aug 30 at 8:30PM

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, Inc., REALTORS

Investment Insights

Based on property information with market context.

This multifamily portfolio comprises 19 individual units with a combined 42 bedrooms and 19 bathrooms. The unit mix includes five 3-bedroom residences, thirteen 2-bedroom residences, and one 1-bedroom residence. Each unit includes parking, while on-site washer and dryer connections support resident convenience. The properties were built in 1962 and have been maintained with ongoing upgrades and repairs as needed.

Located at 32 N Belvedere Blvd in Memphis, Tennessee, the portfolio is situated in Midtown Memphis. Professional management is already in place, and the existing management company is willing to continue serving the properties. As of April 2026, one unit was vacant, with the remaining units occupied.

Key Highlights

  • 19 individual units with 42 total bedrooms and 19 bathrooms
  • Unit mix includes five 3‑bedroom, thirteen 2‑bedroom, and one 1‑bedroom unit
  • Professionally managed portfolio with management company willing to continue

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Electrical Service Home Appliance Store HVAC Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Pet Grooming Service

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

Lease Details

19
Residential units

Location Intelligence

Trade Area within ½ mile

1,861
Businesses Nearby

Demographics for 38104, TN

22,584
Population
14,315
Households
1.6
Avg Household Size
38
Median Age
52%
College-Educated
93%
High-School Grad
5.0 sq mi
ZIP Area
4,517
Density / Sq Mi
$56,452
Median Household Income
$48,300
Median Earnings
$1,073
Median Rent
$301,100
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Multifamily property - Portfolio includes a varied bedroom mix, on-site parking, laundry connections, and ongoing property management.
Where is this multifamily property located?
The property is located at 32 N Belvedere Blvd Memphis, TN.
What is the asking price?
The asking price for this property is $1,568,000.
What are key features of this property?
This property features: 19 individual units with 42 total bedrooms and 19 bathrooms; Unit mix includes five 3‑bedroom, thirteen 2‑bedroom, and one 1‑bedroom unit; Professionally managed portfolio with management company willing to continue
(901) 871-1290 Call to check price and availability
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