Six-Unit Apartment
For Sale
$299,900
736 RICHMOND Ave, Memphis, TN 38106
MULTI_FAMILY - Memphis, TN
Property Size3,888 SF
Price / SF$77.13
Days on Market136
Property Features for 736 RICHMOND Ave
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Subdivision
GAITHER
Standard status
Active
Size
3,888 SF
Taxes and HOA fees
Tax Annual Amount
669
Building Details
Year built
1965
Listing Agency:
Fast Track Realty, LLC
(901) 767-8770
Listed By:
Jonathan Nunez · License #349008
(901) 453-8455
Added: Mar 18
Changed: Jul 31
Last Checked: Jul 31 at 9:06PM
MLS# 10217072
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.
Six-unit multifamily property at 736 Richmond Ave in Memphis, TN 38106, built in 1965. The building contains six 2-bedroom, 1-bath units totaling 3,888 SF. Each unit has individual utilities.
Based on current leasing status, four units are occupied (including Unit #3 on Section 8) and two units are not occupied. Units #1, #3, and #5 have been renovated, with Unit #5 listed as rent ready. Unit #2 was recently vacated and freshly painted. Unit #4 was renovated about two years ago and remains in good condition. Unit #6 has a long-term tenant.
Heating includes gas wall heaters in four units and newer hardwired electric heaters in two units.
Based on current leasing status, four units are occupied (including Unit #3 on Section 8) and two units are not occupied. Units #1, #3, and #5 have been renovated, with Unit #5 listed as rent ready. Unit #2 was recently vacated and freshly painted. Unit #4 was renovated about two years ago and remains in good condition. Unit #6 has a long-term tenant.
Heating includes gas wall heaters in four units and newer hardwired electric heaters in two units.
Key Highlights
- Six 2‑bed/1‑bath units totaling 3,888 SF with individual utilities
- Unit #5 is rent ready; Unit #2 is vacant and freshly painted
- Units #1, #3, and #5 renovated; Unit #4 renovated about two years ago
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
363
Businesses Nearby
Explore this area
Business Placement
Demographics for 38106, TN
22,394
Population
11,630
Households
1.9
Avg Household Size
41
Median Age
12%
College-Educated
83%
High-School Grad
10.4 sq mi
ZIP Area
2,153
Density / Sq Mi
$29,818
Median Household Income
$30,101
Median Earnings
$915
Median Rent
$66,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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 - Six 2-bed/1-bath units totaling 3,888 SF with individual utilities and a mix of renovated and vacant units.
Where is this apartment building located?
The property is located at 736 RICHMOND Ave Memphis, TN.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Six 2‑bed/1‑bath units totaling 3,888 SF with individual utilities; Unit #5 is rent ready; Unit #2 is vacant and freshly painted; Units #1, #3, and #5 renovated; Unit #4 renovated about two years ago
