Tennessee Multifamily properties for sale

Updated: Oct 26

19-Unit Apartment Property

1778 Fort Henry Drive, Kingsport, TN 37664

$1,400,000

8,236 sqft 1.12 AC lot

19 existing units across four buildings, including a detached three‑bedroom, two‑bath residence
Potential to complete 11 unfinished units, bringing the property to 30 units, subject to verification and approvals
Sixteen of 18 units in Buildings 1 and 2 leased as of September 22, 2026; residence held vacant
Approximately 100 feet of Fort Henry Drive frontage and 180 feet of Memorial Court frontage
Approximately 35 parking spaces; public water, sewer, and electricity

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Updated: Oct 27

17-Unit Apartment Building

2215 Buffalo Tr, Morristown, TN 37814

$1,200,000

9,503 sqft 1.95 AC lot

17 apartment units in a 9,503‑square‑foot building
1.95‑acre property with on‑site parking
Water and electric service separately metered; tenants pay charges
Built in 1935; capital improvements completed over the past 36 months
Near Walmart, local shops, restaurants, Cherokee Lake, US‑11E, and I‑81

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Four-Unit Townhome Quadplex

1502 E 13th Street, Chattanooga, TN 37404

$998,000

4,880 sqft 0.30 AC lot

Completed in 2022, the property includes off-street parking and alley access.

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Mixed-Use Property with Restaurant

7386 Mount Carmel Rd, Decaturville, TN 38329

$650,000

6,400 sqft 1.38 AC lot

6,400-square-foot property combines a grocery market, family restaurant, billiards room, apartments, outdoor seating, and equipment storage.

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4-Unit Quadplex

9105 Woodpark Lane, Knoxville, TN 37923

$699,900

5,656 sqft 0.25 AC lot

Four residences offer two distinct bedroom and bathroom layouts in West Knoxville.

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Mobile Home and RV Park Portfolio

401, 412 Pippin Rd, Cookeville, TN 38501

$785,500

7,000 sqft 2.20 AC lot

Two properties combine mobile homes, an RV space, rental lots, and a site-built residence.

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Five-Unit Apartment Building

5129 Bluff City Highway, Bluff City, TN 37618

$599,000

8,000 sqft 0.57 AC lot

Income-producing multifamily property with varied unit layouts, private utility responsibility, and washer/dryer hookups throughout.

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Four-Unit Multifamily Property

33 N Tucker St, Memphis, TN 38104

$642,000

5,104 sqft

The property is offered as-is alongside 25 N Tucker St in Memphis’s Midtown area.

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Quadplex and Duplex Portfolio

6672 Roan Creek Road, Butler, TN 37640

$989,000

7,435 sqft 3.31 AC lot

All residences have two-bedroom, one-bathroom layouts and individual washer and dryer hookups.

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Mixed-Use Building with Apartments

305 S Church St., Livingston, TN 38570

$575,000

5,760 sqft 0.09 AC lot

Street-level commercial space is paired with three upstairs rental apartments and a rear gravel parking area.

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Five-Unit Apartment Building

11279 Nashville Hwy, Baxter, TN 38544

$599,998

6,400 sqft 1.20 AC lot

Multifamily property with varied unit layouts, a detached storage building, and plumbing and water-heater upgrades.

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Mobile Home and RV Park

401 Pippin Rd, Cookeville, TN 38501

$570,500

7,000 sqft 2.20 AC lot

Park property with mobile homes, an RV space, a tiny home, and additional rental sites.

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16-Unit Apartment Building Portfolio

204 E Watauga Avenue, Johnson City, TN 37601

$1,590,000

8,942 sqft

Fully occupied multifamily portfolio with professional management and updated apartment interiors.

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14-Unit Apartment Building

478 E Georgia Ave, Memphis, TN 38126

$925,000

8,750 sqft

Fourteen two-bedroom apartments have undergone substantial interior rehabilitation, including replacement electrical and plumbing systems.

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Three-Story Triplex with Generator

1557 CENTRAL Ave, Memphis, TN 38104

$589,000

5,778 sqft

Corner-lot property with distinct floor plans on each level and a full-home generator.

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Two-Home Multifamily Property

306 & 310 Teague Lane, Sevierville, TN 37862

$4,300,000

14,507 sqft

Two custom residences share city water, sewer, and natural gas service in a wooded Sevierville setting.

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Five-Unit Townhome Apartment Building

903 S Main St, Springfield, TN 37172

$1,290,000

6,712 sqft

Newly built townhome apartments offer modern finishes and walkable downtown access.

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Apartment Building with Renovation Space

116 Highland Avenue, Church Hill, TN 37642

$749,900

2,304 sqft

Eight one-bedroom apartments are complemented by rear space in varying stages of completion.

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Three-Story Triplex with Generator

1557 Central Ave, Memphis, TN 38104

$589,000

5,778 sqft

Historic multifamily property with separate floor layouts and architectural detailing on a corner lot in Central Gardens.

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28-Unit Apartment Building

303 S Poplar St, Paris, TN 38242

$1,800,000

15,750 sqft 0.78 AC lot

Residents have access to on-site laundry, while office and maintenance areas support property operations.

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8-Unit Apartment Buildings

356 Beechcroft Road, Spring Hill, TN 37174

$1,990,000

8,528 sqft 1.01 AC lot

Four duplex structures provide individually configured residences with in-unit refrigeration, laundry equipment, and access to everyday services.

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Historic Triplex with Parking

835 Tremont Street, Chattanooga, TN 37405

$500,000

2,953 sqft 0.23 AC lot

Three updated rental units with private outdoor areas, basement storage, and access to rear parking.

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Four-Unit Quadplex

25 N Tucker St, Memphis, TN 38104

$642,000

5,104 sqft

Current occupants hold leases with terms ranging from one to two years.

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Mixed-Use Office and Apartment Property

306 W Broad St, Livingston, TN 38570

$585,000

8,735 sqft 0.59 AC lot

Two office suites and three upstairs apartments create a combined commercial and residential configuration.

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Tennessee Multifamily Properties Market Trends and Statistics

Explore 1167 multifamily properties for sale in Tennessee, showcased through 1167 active listings on our real estate platform. These investment opportunities span a total of 4,962,253 square feet of properties for sale, with an estimated market value of $865,512,759.

Sale prices for multifamily properties in Tennessee start at $30,000, averaging $811,925, and reaching up to $35,250,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.