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    Memphis, TN Residential Income Properties for Sale

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    263 properties
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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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    Four-Unit Memphis Apartment Building
    Updated: Oct 20
    Four-Unit Memphis Apartment Building

    25 N TUCKER St, Memphis, TN 38104

    $642,000
    5,104 sqft
    Four residential units in a 5,104‑square‑foot building
    Built in 1920
    Current leases have terms of 1–2 years
    Offered as a package with 33 N Tucker St
    A five‑minute bike ride to the Shell, Brooks Museum, Overton Park, and the zoo
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    Four-Unit Residential Property
    Four-Unit Residential Property

    33 N TUCKER St, Memphis, TN 38104

    $642,000
    5,104 sqft

    The Midtown property offers 5,104 square feet across a four-unit residential building.

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    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    Four-Unit Multifamily Property
    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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    Duplex with Garage Apartment
    Duplex with Garage Apartment

    289 KENILWORTH Pl, Memphis, TN 38112

    $575,000
    3,576 sqft

    Each residence has its own interior laundry room, with a detached garage and attached office space also on site.

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    16-Unit Apartment Building
    16-Unit Apartment Building

    1707 ONTARIO Ave, Memphis, TN 38127

    $1,295,000
    27,776 sqft

    All residences have two bedrooms, and significant renovations were completed in 2022.

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    46-Unit Apartment Portfolio
    46-Unit Apartment Portfolio

    3439 SOUTHERN Ave, Memphis, TN 38111

    $1,900,000
    7,000 sqft

    Six-building multifamily property near the University of Memphis.

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    14-Unit Apartment Building
    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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    Renovated Triplex
    Renovated Triplex

    743 SHOTWELL St, Memphis, TN 38111

    $264,900
    1,848 sqft

    The property pairs a three-bedroom apartment with two efficiency units, with two apartments currently leased.

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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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    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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    Two-Unit Duplex with Gated Parking
    Two-Unit Duplex with Gated Parking

    41 S MCLEAN Blvd, Memphis, TN 38104

    $200,000
    2,779 sqft

    Two separately rented residences include hardwood flooring, climate control, and dedicated laundry rooms.

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    Triplex with Updated Interiors
    Triplex with Updated Interiors

    37 S MCLEAN Blvd, Memphis, TN 38104

    $275,000
    3,507 sqft

    Three apartments offer varied layouts, with refreshed kitchens and baths across the units.

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    Four-Unit Quadplex
    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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    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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    Duplex with Guest House
    Duplex with Guest House

    1756 CRUMP Ave, Memphis, TN 38107

    $215,000
    1,388 sqft

    A detached garage and adjoining guest house add separate structures to the residential property.

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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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    Renovated Duplex
    Renovated Duplex

    3020 WAYNOKA Ave, Memphis, TN 38111

    $224,900
    1,350 sqft

    Each residence has two bedrooms and one bathroom, with updated kitchens and bathrooms.

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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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    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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    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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    Victorian Duplex
    Victorian Duplex

    328 N MCLEAN Blvd N, Memphis, TN 38112

    $429,900
    3,876 sqft

    Each residence has three bedrooms, two full baths, a half bath, a separate kitchen, and its own laundry area.

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    9-Unit Apartment Building
    9-Unit Apartment Building

    229 N Dunlap St, Memphis, TN 38105

    $1,250,000
    4,176 sqft 0.55 AC lot

    The property includes nine one-bedroom apartments, with eight units renovated and designated parking on the combined parcels.

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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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    Memphis, TN Residential Income Properties Market Trends and Statistics

    Explore 263 residential income properties for sale in Memphis, TN, showcased through 263 active listings on our real estate platform. These investment opportunities span a total of 1,044,646 square feet of properties for sale, with an estimated market value of $148,641,750.

    Sale prices for residential investment properties in Memphis, TN start at $30,000, averaging $614,222, and reaching up to $16,500,000 — 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 272
    Duplexes 159
    Apartment buildings 68
    Quadplexes 16
    Triplexes 11

    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
    38118 $155.8K
    38115 $168.5K
    38106 $203.3K
    38107 $209.1K

    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 Residential Income pricing trends 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.

    How Realmo verifies these figures

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    Popular Searches in Memphis, TN

    Popular Categories

    Most Searched ZIP Codes in Memphis, TN

    • 38104
    • 38111
    • 38107
    • 38112
    • 38108
    • 38114
    • 38122
    • 38106
    • 38109
    • 38126
    • 38127
    • 38105

    Featured Memphis Real Estate Agencies

    Realmo connects you with licensed Memphis CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Reedy & Company, REALTORS
    4701 Summer Ave Memphis, TN 38122
    Phone: (901) 683-4446
    www.reedyandcompany.net
    Hobson Realtors
    5384 Poplar #250 Memphis, TN 38119
    Phone: (901) 761-1622
    www.hobsonrealtors.com
    Crye Leike, Inc.
    6705 Winchester Rd Memphis, TN 38115
    Phone: (901) 550-2891
    www.crye-leike.com
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