Germantown, TN Multifamily Properties for Sale

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Southaven, MS Olive Branch, MS Horn Lake, MS Walls, MS Lake, MS Nesbit, MS Piperton, TN Lake Cormorant, MS

244 properties

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Updated: Aug 31

46-Unit Apartment Portfolio

3439 SOUTHERN Ave, Memphis, TN 38111

$1,900,000

7,000 sqft

46 apartment units across six buildings
Unit mix includes 35 two‑bedroom, one‑bath units and 11 one‑bedroom, one‑bath units
81 total bedrooms and 46 bathrooms
Within walking distance of the University of Memphis
Buildings constructed in 1966

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Updated: Apr 24

Renovated Townhome Apartment Community

1961-1970 REMBERT Pl, Memphis, TN 38104

$1,600,000

1,116 sqft

Renovation completed in 2019; improvements include windows, roof, flooring, granite countertops, and stainless steel appliances
Each residence features 2 beds/2.5 baths with two upper‑level bedrooms and full baths
2 dedicated parking spaces per residence with asphalt parking and updated exterior lighting
Gated townhome‑style apartment community at 1961‑1970 REMBERT Pl, Memphis, TN 38104
RU‑3 zoning with no HOA or deed restrictions

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Side-by-Side Duplex with Central HVAC

1022 UNIVERSITY St, Memphis, TN 38107

$224,900

2,880 sqft

Two residential units offer three-bedroom layouts, separate driveways, and individual central heating and air conditioning.

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46-Unit Apartment Portfolio

3439 Southern Ave, Memphis, TN 38111

$1,900,000

7,000 sqft

Multifamily asset within walking distance of the University of Memphis.

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19-Unit Multifamily Portfolio

32 N BELVEDERE Blvd, Memphis, TN 38104

$1,568,000

946 sqft

Memphis rental portfolio with varied unit layouts, on-site parking, and washer/dryer connections.

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Brick Duplex with Central HVAC

557 BERCLAIR Rd, Memphis, TN 38122

$159,900

1,552 sqft

Two-bedroom units offer a fully occupied residential income configuration with individual one-bath layouts.

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5-Unit Garden Apartment Building

1025 S WELLINGTON St, Memphis, TN 38126

$292,500

3,772 sqft

Garden apartment property with updated roof, plumbing, electrical, and mechanical systems.

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Apartment Buildings with Recent Improvements

1239 Agnes Pl, Memphis, TN 38104

$550,000

6,777 sqft

Two-building multifamily property with six renovated units and updated electrical service.

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Renovated Two-Unit Duplex

3054 WAYNOKA Ave, Memphis, TN 38111

$209,900

1,350 sqft

Renovated interiors include updated kitchens, bathrooms, flooring, windows, and lighting.

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Renovated Duplex

2261 HUNTER Ave, Memphis, TN 38108

$110,000

1,056 sqft

Two-unit residential income property with both units leased and professional management in place.

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11-Unit Multifamily Property

244 Richmond Ave, Memphis, TN 38106

$325,000

6,552 sqft

Five duplexes and a detached residence occupy one parcel, with separate living, kitchen, and bedroom areas in the one-bedroom units.

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Occupied Income-Producing Duplex

3133 NATHAN Ave, Memphis, TN 38112

$170,000

1,676 sqft

Two residential units are leased, with a roof and water heater replaced or installed approximately 2 years ago.

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Apartment Building with Five Duplexes

244 RICHMOND Ave, Memphis, TN 38106

$325,000

6,552 sqft

Own 11 rental units on one parcel, including five duplexes and a detached single-family home.

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Renovated 6-Unit Apartment Building

957 S Wellington St, Memphis, TN 38126

$589,000

4,212 sqft

Renovated multifamily property with six two-bedroom units and updated building systems.

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Renovated 2-Unit Duplex

893 PEARCE St, Memphis, TN 38107

$150,000

1,072 sqft

Brick income property renovated in 2023 with central heat and air.

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Renovated Duplex with Vacancy

961 N DUNLAP St, Memphis, TN 38107

$144,900

2,102 sqft

Two-unit property with one leased residence and a renovated vacant unit available for occupancy.

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Tenant-Occupied Duplex with Parking

1517 Court Ave, Memphis, TN 38104

$345,000

2,588 sqft

Two leased residences feature updated interiors, separate kitchens, fenced outdoor space, and driveway parking near Midtown.

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Renovated Duplex

155-157 N MERTON St, Memphis, TN 38112

$226,000

1,725 sqft

Updated two-unit residential property with a straightforward income-property layout.

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Historic Multifamily Property

925 N Parkway Pky, Memphis, TN 38105

$209,900

4,080 sqft

A 1915-built multifamily property in Memphis’s Galloway Park area.

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Renovated Duplex

1351 AUSTIN St, Memphis, TN 38108

$129,900

1,508 sqft

Two-unit residential property offering four bedrooms and two bathrooms in Memphis.

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Side-by-Side Duplex

1022 University St, Memphis, TN 38107

$224,900

2,880 sqft

Two residential units feature separate driveways, central HVAC, and three-bedroom layouts across two levels.

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Corner-Lot Duplex

1092 N EVERGREEN St, Memphis, TN 38107

$189,000

2,280 sqft

Two-unit property with central heating and cooling, newer windows, and one vacant unit available for viewing.

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New Duplex with Modern Interiors

643 Kent St, Memphis, TN 38111

$299,000

2,385 sqft

Planned two-unit property with contemporary finishes, low-maintenance exterior materials, and a spacious primary suite.

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Renovated Duplex with New Roof

1621 OAKWOOD St, Memphis, TN 38108

$149,000

1,151 sqft

Two units feature updated kitchens, bathrooms, flooring, windows, and water heaters.

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Germantown, TN Multifamily Properties Market Trends and Statistics

Explore 244 multifamily properties for sale in Germantown, TN, showcased through 244 active listings on our real estate platform. These investment opportunities span a total of 913,889 square feet of properties for sale, with an estimated market value of $149,651,911.

Sale prices for multifamily properties in Germantown, TN start at $30,000, averaging $775,398, and reaching up to $23,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 42K

Population Growth (5Y) +2.5%

Median Household Income $147,307

College Educated 69.7%

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Shelby County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Shelby County

Residential Income

Property Size Breakdown

The majority of commercial real estate listings in Germantown fall within the 100,000+ square foot range.

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