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Triplex with New Roof
For Sale
$250,000

370 South Fenwick Road, Memphis, TN 38111

Three-unit property with hardwood and tile finishes, pitched roofing, and established long-term tenancy.

Property SizeContact for details
Days on Market232

Property Features for 370 South Fenwick Road

General Information

Standard status Active
Property subtype Multi-Family / Triplex

Taxes and HOA fees

Annual Taxes $4,565

Amenities

Hardwood Throughout, Tile
Composition, Pitched

Building Details

Year Built 1958
Tenancy Multi
Listing Agency: Woodyard Realty Corp
Listed By: Worth Woodyard · License #356099
Source: Compass
Added: Jan 12 Changed: Aug 31 Last Checked: Aug 30 at 12:39AM

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 Corp

Investment Insights

Based on property information with market context.

This three-unit residential income property was built in 1958 and includes hardwood and tile interior finishes. The building has a pitched composition roof that has been replaced, providing a recent improvement to the structure.

The property is located at 370 South Fenwick Road in Memphis, Tennessee, and is occupied by long-term tenants. Its current use is legally nonconforming and requires a special use permit, a key consideration for prospective purchasers. The asset is being offered for sale with showings arranged through the agent.

Key Highlights

  • Triplex built in 1958
  • New composition roof with pitched design
  • Hardwood and tile interior finishes

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Bakery Parking Lot & Garage Carpet & Flooring Store Restaurant

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

513
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
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit property with hardwood and tile finishes, pitched roofing, and established long-term tenancy.
Where is this triplex located?
The property is located at 370 South Fenwick Road Memphis, TN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Triplex built in 1958; New composition roof with pitched design; Hardwood and tile interior finishes
More about this property
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