Building Details

Year Built 1965

Buildings 1

Stories 2

Units 11

Listing Agency: Crye-Leike Commercial Memphis Show Phone

Listed By: Jeffrey Moore · License #TN 250330

Source: Crexi

Added: Mar 5 Changed: Aug 13 Last Checked: Aug 22 at 6:28PM

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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 Crye-Leike Commercial Memphis

Investment Insights

Based on property information with market context.

This multi-family property features eleven units and is situated next to the University of Memphis. The property offers a mix of units and has a size of 13634 square feet.

Key Highlights

• 11‑unit multi‑family property
• Located next to the University of Memphis
• Great mix of units, inform for details

Property Analytics

Property Profile

Current Use

Southernwoods Apartment Building Patteron Flats Apartment Building

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Kitchen & Bath Showroom Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

836

Businesses Nearby

Explore this area Business Placement

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Eleven-unit multi-family property located next to the University of Memphis.

Where is this apartment building located?

The property is located at 592 Patterson St Memphis, TN.

What is the asking price?

The asking price for this property is $957,000.

What are key features of this property?

This property features: 11‑unit multi‑family property; Located next to the University of Memphis; Great mix of units, inform for details