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21-Unit Townhome-Style Apartment Building
For Sale
$650,000

4390 Kamali Court, Memphis, TN 38128

Townhome-style apartments feature washer and dryer connections, individual water shutoff valves, and central heat and air setup.

Property SizeContact for details
Days on Market259

Property Features for 4390 Kamali Court

General Information

Standard status Active
Property subtype Multi-Family / Apartment Complex

Property Condition

Severity Major Repairs Needed
Evidence 5 units are fully gutted

Units

Unit Mix 21 x 2BR/1.5BA
Multifamily Units 21

Taxes and HOA fees

Annual Taxes $9,260

Amenities

Tile, Vinyl Floor
Flat, Roll

Building Details

Year Built 1960
Listing Agency: Keller Williams
Listed By: Leslie Pickett · License #S-55847
Source: Compass
Added: Dec 14, 2025 Changed: Aug 30 Last Checked: Aug 30 at 1:23AM

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 Keller Williams

Investment Insights

Based on property information with market context.

Located at 4390 Kamali Court in Memphis, Tennessee, this 21-unit apartment property is configured in a townhome-style layout. Each residence includes 2 bedrooms, 1 1/2 baths, tile and vinyl flooring, central heat and air setup without condensers, and a closet with stackable washer and dryer connections. Individual water shutoff valves are provided in every unit.

Five units are fully gutted, and the property is being sold as is. Ownership pays for water, trash service, and exterior lighting. The improvements were built in 1960 and feature flat and roll roofing. The property is identified by ZIP code 38128.

Key Highlights

  • 21 townhome‑style units, each with 2 bedrooms and 1 1/2 baths
  • Five units are fully gutted
  • Central heat and air setup; condensers are not installed

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Building Supply Parking Lot & Garage Skin Care Clinic

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

21
Residential units

Location Intelligence

Trade Area within ½ mile

375
Businesses Nearby

Demographics for 38128, TN

43,197
Population
18,388
Households
2.3
Avg Household Size
32
Median Age
15%
College-Educated
85%
High-School Grad
23.6 sq mi
ZIP Area
1,830
Density / Sq Mi
$43,166
Median Household Income
$32,429
Median Earnings
$1,150
Median Rent
$123,900
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 - Townhome-style apartments feature washer and dryer connections, individual water shutoff valves, and central heat and air setup.
Where is this apartment building located?
The property is located at 4390 Kamali Court 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: 21 townhome‑style units, each with 2 bedrooms and 1 1/2 baths; Five units are fully gutted; Central heat and air setup; condensers are not installed
More about this property
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