Search
85-Unit Townhome Rental Community
For Sale
Contact for pricing

3967 S 3rd St, Memphis, TN 38109

Gated rental community on nine acres featuring duplex-like townhomes with private backyard space for each side.

Lot Size9.30 Acres
Days on Market158

Property Features for 3967 S 3rd St

General Information

Standard status Active
Lot size 9.30 Acres
Property subtype LAND

Units

Unit Mix 18 x 2BR, 67 x 3BR
Multifamily Units 85
Listing Agency: Braden, Braden & Braden LLC
Listed By: Curtis Braden · License #TN-284224
Source: Moodyscre
Added: Feb 23 Changed: Jul 31 Last Checked: Jul 31 at 6:13AM

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 Braden, Braden & Braden LLC

Investment Insights

Based on property information with market context.

Farm Hills Estate is a gated rental community comprising 85 townhomes on nine acres. The townhomes are duplex-like structures, with an entire unit on each side, and are designed to give residents private outdoor space, including backyards for grilling or enjoying nature.

Unit mix includes 18 two-bedrooms and 67 three-bedrooms. The community is located only three miles from Graceland Mansion and within a short walk to Levi Elementary.

The property’s configuration and unit variety make it well-suited for households looking for a townhome-style layout within a gated environment, with options across two- and three-bedroom floor plans.

Key Highlights

  • Gated rental community with 85 townhomes on nine acres
  • Duplex‑like townhome design with an entire unit on each side
  • Private backyard space for residents on each side

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply Restaurant Big Box & Wholesale Store Auto Repair Shop Spa & Massage Center Hair Salon

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

85
Residential units

Location Intelligence

Trade Area within ½ mile

1,566
Businesses Nearby

Demographics for 38109, TN

42,437
Population
18,881
Households
2.2
Avg Household Size
40
Median Age
14%
College-Educated
87%
High-School Grad
59.7 sq mi
ZIP Area
711
Density / Sq Mi
$36,934
Median Household Income
$30,780
Median Earnings
$1,000
Median Rent
$76,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Gated rental community on nine acres featuring duplex-like townhomes with private backyard space for each side.
Where is this apartment building located?
The property is located at 3967 S 3rd St Memphis, TN.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Gated rental community with 85 townhomes on nine acres; Duplex‑like townhome design with an entire unit on each side; Private backyard space for residents on each side
(901) 301-3691 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message