Condominium Income
For Sale
$1,980,000
585 E PARKWAY PKY 6, Memphis, TN 38104
Concrete midtown condo community with 34 total units and an 18-unit HOA control interest offered for sale.
Property SizeContact for details
Days on Market64
Property Features for 585 E PARKWAY PKY 6
General Information
Standard status
Active
Property subtype
Multi-Family
Additional Details
Multifamily Units
34
Building Details
Year Built
1948
Buildings
3
Stories
2
Tenancy
Multi
Listing Agency:
Fayette Realty, LLC
Listed By:
Will Bowling
(901) 237-2606
Source:
Fayetterealtyllc.idxbroker
Added: Jul 6
Changed: Sep 1
Last Checked: Sep 7 at 4:45AM
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 Fayette Realty, LLC
Investment Insights
Based on property information with market context.
This for-sale condo income property is located in the Harbert Place community and is described as a classic midtown condominium setting with concrete construction and a courtyard-style layout. The offering involves an 18 out of 34 units interest, providing control of the HOA, and centers on multiple 2-bedroom, 1-bath condo units.
The property is tucked just off East Parkway in Memphis and is presented as having convenient access to restaurants, entertainment, downtown, and nearby campuses including CBU and the University of Memphis. An HOA is in place to support community maintenance.
Seller financing is also noted as available.
The property is tucked just off East Parkway in Memphis and is presented as having convenient access to restaurants, entertainment, downtown, and nearby campuses including CBU and the University of Memphis. An HOA is in place to support community maintenance.
Seller financing is also noted as available.
Key Highlights
- Concrete midtown condo community built in 1948 with 34 total units
- 18‑unit HOA control interest at 585 E Parkway South; 18 of 34 units provide HOA control
- Harbert Place community with a quiet, courtyard‑style setting
Property Analytics
Current Use
Lease Details
34
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,121
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Concrete midtown condo community with 34 total units and an 18-unit HOA control interest offered for sale.
Where is this apartment building located?
The property is located at 585 E PARKWAY PKY 6 Memphis, TN.
What is the asking price?
The asking price for this property is $1,980,000.
What are key features of this property?
This property features: Concrete midtown condo community built in 1948 with 34 total units; 18‑unit HOA control interest at 585 E Parkway South; 18 of 34 units provide HOA control; Harbert Place community with a quiet, courtyard‑style setting
