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19-Unit Multifamily Portfolio
For Sale
$1,568,000

32 N BELVEDERE Blvd, Memphis, TN 38104

Multi-Family, Memphis, TN

Property Size946 SF
Price / SF$1,657
Days on Market135

Property Features for 32 N BELVEDERE Blvd

General Information

Property type Residential Multi Family
Property subtype Other
Subdivision BELVEDERE GARDENS
Standard status Active
Size 946 SF

Taxes and HOA fees

Tax Annual Amount 622

Amenities

washer/dryer connections

Building Details

Year built 1962
Listing Agency: Crye-Leike, Inc., REALTORS
Listed By: Tyler Tapley · License #296080
Added: Apr 20 Changed: Aug 23 Last Checked: Sep 1 at 6:06PM
MLS# 10219684

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 multifamily offering comprises 19 individual units with a combined 42 bedrooms and 19 bathrooms. The unit mix includes five three-bedroom residences, thirteen two-bedroom residences, and one one-bedroom residence. Built in 1962, the properties have been maintained with ongoing repairs and upgrades as needed.

An existing management company oversees the portfolio and is prepared to continue management. Only one unit was vacant as of April 2026. On-site features include parking and washer/dryer connections, supporting the day-to-day operation of the rental units. The properties are located in Memphis, Tennessee, within ZIP Code 38104.

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
  • Only one unit was vacant as of April 2026

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 - Memphis rental portfolio with varied unit layouts, on-site parking, and washer/dryer connections.
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; Only one unit was vacant as of April 2026
More about this property
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