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Three-Unit Triplex
New
For Sale
$275,000

37 S MCLEAN Blvd, Memphis, TN 38104

Multi-Family, Memphis, TN

Property Size3,507 SF
Price / SF$78.41
Days on Market5

Property Features for 37 S MCLEAN Blvd

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning RU-4
Subdivision IDLEWILD
Standard status Active
Size 3,507 SF

Taxes and HOA fees

Tax Annual Amount 1577

Amenities

Hardwood floors
CA/CH
laundry
high ceilings

Building Details

Year built 1908
Listing Agency: Sowell, Realtors
Listed By: Sue King
Added: Oct 1 Changed: Oct 3 Last Checked: Oct 5 at 1:06AM
MLS# 10231731

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.

Built in 1908, this 3,507-square-foot triplex contains three apartments: a two-bedroom, one-bath unit; a one-bedroom, one-bath unit; and a three-bedroom, one-and-a-half-bath unit. Interior features include hardwood flooring, updated kitchens and baths, and central air and heat. Laundry is noted in the one-bedroom apartment. The property is being sold as-is and requires repairs.

The property shares a gated driveway with 42 S. McLean, with parking available. Zoning is RU-4.

Key Highlights

  • Three apartments totaling 3,507 square feet
  • Unit mix: 2‑bedroom/1‑bath, 1‑bedroom/1‑bath, and 3‑bedroom/1.5‑bath
  • Built in 1908; zoned RU‑4

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 apartments provide a varied bedroom mix, with shared driveway access and parking.
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 apartments totaling 3,507 square feet; Unit mix: 2‑bedroom/1‑bath, 1‑bedroom/1‑bath, and 3‑bedroom/1.5‑bath; Built in 1908; zoned RU‑4
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