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Memphis, 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
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46-Unit Apartment Portfolio
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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Renovated Townhome Apartment Community
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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8-Unit Apartment Building
8-Unit Apartment Building

1292 COURT Ave, Memphis, TN 38104

$449,900
5,184 sqft

Apartment property with studio and one-bedroom units, including partially renovated residences and materials for completion.

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See what stands out in Shelby County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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46-Unit Apartment Portfolio
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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Side-by-Side Duplex with Central HVAC
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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19-Unit Multifamily Portfolio
19-Unit Multifamily Portfolio

32 N BELVEDERE Blvd, Memphis, TN 38104

$1,533,000
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
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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Apartment Buildings with Recent Improvements
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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5-Unit Garden Apartment Building
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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Renovated Two-Unit Duplex
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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11-Unit Multifamily Property
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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Renovated Duplex
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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Occupied Income-Producing Duplex
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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Renovated 6-Unit Apartment Building
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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Apartment Building with Five Duplexes
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 2-Unit Duplex
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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Tenant-Occupied Duplex with Parking
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 with Vacancy
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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Historic Multifamily Property
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
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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New Duplex with Modern Interiors
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
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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Renovated Duplex with Updated Systems
Renovated Duplex with Updated Systems

2412 Vollintine Ave, Memphis, TN 38108

$220,900
1,505 sqft

Two-unit residential income property with recent renovations, one occupied side, and one vacant unit available for showing.

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Corner-Lot Duplex
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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Memphis, TN Multifamily Properties Market Trends and Statistics

Explore 245 multifamily properties for sale in Memphis, TN, showcased through 245 active listings on our real estate platform. These investment opportunities span a total of 923,038 square feet of properties for sale, with an estimated market value of $148,677,811.

Sale prices for multifamily properties in Memphis, TN start at $30,000, averaging $762,450, 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

Duplexes 140
Apartment buildings 80
Quadplexes 13
Triplexes 10
Short term rental properties 9

Demographics Overview

Population 718K
Population Growth (5Y) -3.1%
Median Household Income $61,271
College Educated 18.4%

High-Yield Neighborhoods for Investment

Identify Memphis submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
38109 $103.7K
38127 $112K
38118 $159.8K
38115 $168.5K
38106 $172K

Taxes & Financing

Tax Rate (average for all types) 5.80%
Property Tax per SF $85.96 per SF
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 Memphis fall within the 100,000+ square foot range.

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