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21-Unit Townhome-Style Apartment Building
For Sale
$625,000

4390 KAMALI Ct, Memphis, TN 38128

Multi-Family, Memphis, TN

Property Size20,956 SF
Price / SF$29.82
Days on Market225

Property Features for 4390 KAMALI Ct

General Information

Property type Residential Multi Family
Property subtype Apartment
Subdivision HAMMOND ADDN TO RALEIGH
Standard status Active
Size 20,956 SF

Taxes and HOA fees

Tax Annual Amount 4726

Building Details

Year built 1960
Listing Agency: BHHS Taliesyn Realty · Berkshire Hathaway HomeServices
Listed By: Leslie Pickett · License #S-55847
Added: Jan 17 Changed: Aug 19 Last Checked: Aug 30 at 9:06AM
MLS# 10213072

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.

This 20,956-square-foot apartment property contains 21 townhome-style units, each arranged with two bedrooms and one-and-a-half bathrooms. The units include central heat and air setups without condensers, stackable washer and dryer closets with connections, and individual water shut-off valves. Five units are fully gutted, and the property is being offered as-is.

Built in 1960, the property is located at 4390 Kamali Ct in Memphis, Tennessee, within ZIP code 38128. The owner currently pays for water, trash service, and exterior lighting. The existing configuration and unfinished units provide a clear basis for renovation planning, subject to the buyer’s evaluation of the property’s condition.

Key Highlights

  • 21 townhome‑style apartment units with two bedrooms and 1.5 baths each
  • 20,956 SF property built in 1960
  • Five units are fully gutted; sale is as‑is

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 - Two-bedroom layouts include one-and-a-half baths, laundry connections, and individual water shut-off valves.
Where is this apartment building located?
The property is located at 4390 KAMALI Ct Memphis, TN.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 21 townhome‑style apartment units with two bedrooms and 1.5 baths each; 20,956 SF property built in 1960; Five units are fully gutted; sale is as‑is
More about this property
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