Shelby County, TN Multifamily Properties for Sale

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268 properties

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Updated: Aug 26

Apartment Buildings with Recent Improvements

1239 Agnes Pl, Memphis, TN 38104

$550,000

6,777 sqft

Two apartment buildings totaling 6,777 square feet
Six units have been renovated
Both roofs replaced in 2023 and 2024
Rotted wood removed and buildings painted in 2023
Rear building weather head and breaker box upgraded in 2026

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This listing looks promising.

Here's a quick look at some key insights for

1239 Agnes Pl, Memphis, TN 38104

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Est. Cap Rate

9.2%
Above avg (5.9%)
Est. NOI

$51K
Annual
Mortgage

$300K
Apr 2025
Last Sold

Apr 2025
$30K
Property Type

Garden Apt, Court Apt
Built 1923

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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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Renovated Townhome Apartment Community

1961-1970 REMBERT Pl, Memphis, TN 38104

$1,600,000

1,116 sqft

Gated multifamily property with updated finishes, dedicated parking, and flexible long- or short-term leasing potential.

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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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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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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

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 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 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

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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Historic Multifamily Property

925 N Parkway Pky, Memphis, TN 38105

$219,900

4,080 sqft

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

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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 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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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 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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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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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

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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Renovated Duplex with Vacant Unit

961 N Dunlap St, Memphis, TN 38107

$144,900

2,102 sqft

One unit is leased, while the second has been renovated and is available for showing.

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Renovated Duplex with New Roof

1621 OAKWOOD St, Memphis, TN 38108

$150,000

1,151 sqft

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

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5-Unit Garden Apartment Building

1025 S Wellington St, Memphis, TN 38126

$292,500

3,772 sqft

Garden-style multifamily property with recent building-system upgrades and current occupancy across its apartment units.

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New Construction Duplex

3074 WAYNOKA Ave, Memphis, TN 38111

$269,900

1,738 sqft

Two two-bedroom, one-bathroom units feature LVP flooring and granite countertops.

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Renovated Three-Bedroom Duplex

1333 Harbert Ave, Memphis, TN 38104

$320,000

3,199 sqft

Two spacious units combine refreshed interiors, private outdoor areas, and owner-occupant flexibility with existing rental income.

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Historic Two-Unit Duplex

1333 HARBERT Ave, Memphis, TN 38104

$320,000

3,199 sqft

Two residential units combine updated interiors, private outdoor areas, and newer central heating and air conditioning.

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Shelby County, TN Multifamily Properties Market Trends and Statistics

Explore 268 multifamily properties for sale in Shelby County, TN, showcased through 268 active listings on our real estate platform. These investment opportunities span a total of 943,434 square feet of properties for sale, with an estimated market value of $150,563,211.

Sale prices for multifamily properties in Shelby County, TN start at $30,000, averaging $784,183, 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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