Residential Income

Memphis, TN Residential Income 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
252 properties
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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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Three-Story Triplex with Generator
Updated: Sep 5
Three-Story Triplex with Generator

1557 CENTRAL Ave, Memphis, TN 38104

$589,000
5,778 sqft
Triplex configuration across three stories
5,778 square feet of building area
Full‑home generator serving all three stories
Corner lot in Central Gardens
Built in 1925
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Historic Duplex With Detached Garage
Historic Duplex With Detached Garage

289 KENILWORTH Pl, Memphis, TN 38112

$615,000
3,576 sqft

Two-level duplex with separate in-unit laundry rooms and a detached garage with attached apartment or office space.

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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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Three-Story Triplex with Generator
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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Apartment Building
Apartment Building

175 STONEWALL St, Memphis, TN 38104

$1,990,000
42,840 sqft

Marketing imagery illustrates a potential stabilized appearance rather than the property's present condition.

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Renovated Townhome Apartment Community
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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Historic 6-Unit Apartment Building
Historic 6-Unit Apartment Building

1261 CENTRAL Ave, Memphis, TN 38104

$500,000
2,748 sqft

Built in 1917, this Midtown Memphis property offers a studio-to-two-bedroom unit mix.

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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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Multifamily Property Near Campus
Multifamily Property Near Campus

3604 MIDLAND Ave, Memphis, TN 38111

$350,000
2,584 sqft

Former fraternity house with a circular driveway near the University of Memphis.

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8-Unit Apartment Building
8-Unit Apartment Building

1292 COURT Ave, Memphis, TN 38104

$449,900
5,184 sqft

Studio and one-bedroom, one-bath layouts include occupied units alongside partially renovated apartments requiring completion.

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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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Duplex with New Roof
Duplex with New Roof

3654 KEARNEY Ave, Memphis, TN 38111

$175,000
1,536 sqft

Two leased units offer an income-producing residential property with professional management and window-unit cooling.

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Brick Duplex
Brick Duplex

3219 CHOCTAW Ave, Memphis, TN 38111

$144,900
1,692 sqft

Tenant-occupied two-unit property with one bedroom and one bathroom in each residence.

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Historic Apartment Building
Historic Apartment Building

1261 Central Ave, Memphis, TN 38104

$500,000
2,748 sqft

Multifamily property with a varied unit mix in a designated historic district.

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Brick Duplex Property
Brick Duplex Property

3793 HELEN ANN Dr, Memphis, TN 38127

$129,900
1,634 sqft

Tenant-occupied duplex offering a four-bedroom, two-bathroom configuration in Memphis.

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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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Renovated 10-Unit Apartment Property
Renovated 10-Unit Apartment Property

3917 Dunn Ave, Memphis, TN 38111

$846,284
7,200 sqft

Updated multifamily asset with modernized systems, in-unit laundry, and refreshed kitchen finishes.

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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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8-Unit Apartment Building
8-Unit Apartment Building

1292 Court Ave, Memphis, TN 38104

$449,900
5,184 sqft

Multifamily property with a balanced studio and one-bedroom unit mix, including partially renovated apartments.

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Updated Duplex with Hardwood Floors
Updated Duplex with Hardwood Floors

823 DICKINSON St, Memphis, TN 38107

$205,000
1,607 sqft

Ranch-style duplex with kitchen-closet washer and dryer connections and one side available for showing.

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Two-Unit Duplex with Detached Garage
Two-Unit Duplex with Detached Garage

289 Kenilworth Pl, Memphis, TN 38112

$615,000
3,576 sqft

Up-and-down units offer separate in-unit laundry rooms and retained appliances.

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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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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 With Detached Residence
Renovated Duplex With Detached Residence

658 HILLCREST St, Memphis, TN 38112

$199,900
1,164 sqft

Two updated residences offer separate living spaces, including a detached rear home with its own electrical meter.

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Memphis, TN Residential Income Properties Market Trends and Statistics

Explore 252 residential income properties for sale in Memphis, TN, showcased through 252 active listings on our real estate platform. These investment opportunities span a total of 977,002 square feet of properties for sale, with an estimated market value of $179,953,450.

Sale prices for residential income properties in Memphis, TN start at $30,000, averaging $806,966, 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

Multifamily properties 258
Duplexes 152
Apartment buildings 69
Quadplexes 10
Triplexes 10

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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