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Southern Place Apartment Building
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3465 Southern Avenue, Memphis, TN 38111

Established multifamily property with the option to acquire individually or alongside a five-property apartment portfolio.

Property Size61,335 SF
Price / SF$27.19
Days on Market15

Property Features for 3465 Southern Avenue

General Information

Standard status Active
Size 61,335 SF
Property subtype Multifamily

Building Details

Year Built 1985
Year Renovated 2026
Buildings 2
Stories 2
Units 23
Listing Agency: Woodyard Realty Corporation
Listed By: Steve Woodyard · License #TN 217464
Source: Crexi
Added: Jul 28 Changed: Aug 11 Last Checked: Aug 10 at 8:01AM

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 Woodyard Realty Corporation

Investment Insights

Based on property information with market context.

Southern Place Apartments is a 61,335-square-foot apartment building at 3465 Southern Avenue in Memphis, Tennessee. Constructed in 1985, the property is offered as an individual acquisition or as part of a larger apartment portfolio that includes Brister Place, University Highlands, Carnes Manor, and Casa del Rey.

The property is identified within the University of Memphis and East Memphis submarkets. Portfolio buyers may pursue all five properties together, while individual acquisition provides a separate path to ownership of Southern Place Apartments.

Key Highlights

  • 61,335‑square‑foot apartment building
  • Built in 1985
  • Located at 3465 Southern Avenue in Memphis, TN 38111

Property Analytics

Current Use

University District Apartment Building

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply Kitchen & Bath Showroom Big Box & Wholesale Store Garden Center

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

709
Businesses Nearby

Demographics for 38111, TN

40,533
Population
20,084
Households
2
Avg Household Size
34
Median Age
38%
College-Educated
89%
High-School Grad
9.8 sq mi
ZIP Area
4,136
Density / Sq Mi
$52,806
Median Household Income
$33,449
Median Earnings
$1,077
Median Rent
$165,200
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?
Apartment building - Established multifamily property with the option to acquire individually or alongside a five-property apartment portfolio.
Where is this apartment building located?
The property is located at 3465 Southern Avenue Memphis, TN.
What is the asking price?
The asking price for this property is $1,667,500.
What are key features of this property?
This property features: 61,335‑square‑foot apartment building; Built in 1985; Located at 3465 Southern Avenue in Memphis, TN 38111
(901) 767-1998 Call to check price and availability
More about this property
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