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Updated 3-Unit Triplex
New
For Sale
$275,000

37 S MCLEAN BLVD, Memphis, TN 38104

Three residences offer a varied bedroom mix, updated kitchens and baths, and shared driveway access.

Property Size3,507 SF
Days on Market6

Property Features for 37 S MCLEAN BLVD

General Information

Standard status Active
Size 3,507 SF
Property subtype Triplex

Property Condition

Severity Repairs Needed
Evidence In need of repairs

Units

Unit Mix 1 x 2BR/1BA, 1 x 1BR/1BA, 1 x 3BR/1.5BA
Multifamily Units 3

Building Details

Building Size 3,507 SF
Year Built 1908
Stories 2
Listing Agency: Sowell, Realtors
Listed By: Sue B King
Source: Justinblance.kw
Added: Oct 3 Changed: Oct 6 Last Checked: Oct 7 at 8:55AM

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 Sowell, Realtors

Investment Insights

Based on property information with market context.

Built in 1908, this 3,507-square-foot triplex contains two ground-floor apartments and one upstairs residence. The lower units have two bedrooms and one bath, and one bedroom and one bath, respectively; the upper apartment has three bedrooms and one and a half baths. Updated kitchens and baths, hardwood floors, and central air and heat are noted across the apartments. The upstairs unit also features high ceilings, while the second ground-floor unit includes laundry.

The property shares a gated driveway with 42 S. McLean and has parking. It is offered in as-is condition and requires repairs.

Key Highlights

  • Three‑unit property totaling 3,507 square feet
  • Bedroom and bath configurations: 2/1, 1/1, and 3/1.5
  • Built in 1908

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Dental Office Real Estate Agency Building Supply HVAC Service Auto Parts Store Electrical 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

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,606
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Triplex - Three residences offer a varied bedroom mix, updated kitchens and baths, and shared driveway access.
Where is this triplex located?
The property is located at 37 S MCLEAN BLVD Memphis, TN.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Three‑unit property totaling 3,507 square feet; Bedroom and bath configurations: 2/1, 1/1, and 3/1.5; Built in 1908
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