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    Memphis, TN Residential Income Properties for Sale

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    Southaven, MS Olive Branch, MS Horn Lake, MS Nesbit, MS Walls, MS Piperton, TN Lake Cormorant, MS Jackson, MS
    167 properties
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    Historic Duplex with Balconies
    Updated: Jul 22
    Historic Duplex with Balconies

    1333 HARBERT Ave, Memphis, TN 38104

    $320,000
    3,199 sqft
    Historic duplex built in 1927 with 6 total bedrooms and 2 bathrooms
    Each unit offers 3 bedrooms, a renovated bath, and an updated kitchen
    Spacious living room with built‑in shelving plus a separate dining room in each unit
    Appliance package in each unit includes washer and dryer
    Private balconies/patio and newer central heat and air
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    This listing looks promising.

    Here's a quick look at some key insights for

    1333 HARBERT Ave, Memphis, TN 38104

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    • Est. Cap Rate

      8.4%
      Above avg (5.9%)

    • Est. NOI

      $27K
      Annual

    • Price @ 7% Cap

      $385K
      Above asking

    • Property Type

      Duplex
      Built 1927
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    Updated Four-Unit Apartment Building
    Updated: Jul 9
    Updated Four-Unit Apartment Building

    259 MARYLAND Ave, Memphis, TN 38126

    $224,000
    4,662 sqft
    4‑unit building built in 1958 with three 1BD/1BA units and one 2BD/1BA unit
    All units recently updated with new flooring, updated cabinetry, and modern finishes
    New roof installed
    Window security bars with interior release mechanisms installed
    One unit currently occupied at $825/month; remaining three units are vacant and cleared
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    Gated Townhome Community in Memphis
    Gated Townhome Community in Memphis

    1961-1970 REMBERT Pl, Memphis, TN 38104

    $1,650,000
    1,116 sqft

    Fully occupied, renovated townhomes near Overton Square. Perfect for investors.

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    Turnkey Duplex with Covered Parking
    Turnkey Duplex with Covered Parking

    82 N REMBERT St, Memphis, TN 38104

    $575,000
    3,147 sqft

    Newer duplex built in 2022 with two dedicated covered parking spaces per unit.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Updated Central Gardens Duplex
    Updated Central Gardens Duplex

    1503 Eastmoreland Ave, Memphis, TN 38104

    $409,000
    3,264 sqft

    Right unit renovated in 2024 and left unit in 2025, with both sides currently fully rented.

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    19-Unit Multifamily Apartment Building
    19-Unit Multifamily Apartment Building

    32 N BELVEDERE Blvd, Memphis, TN 38104

    $1,568,000
    946 sqft

    Professionally managed 19-unit property with parking and washer/dryer connections, available for bulk purchase.

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    Multifamily Portfolio with 11 Units
    Multifamily Portfolio with 11 Units

    244 RICHMOND Ave, Memphis, TN 38106

    $325,000
    6,552 sqft

    Single-parcel property with five duplexes and one detached single-family residence, totaling 11 rental units.

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    Brick Duplex Investment Property
    Brick Duplex Investment Property

    2043 LAMAR Ave, Memphis, TN 38114

    $139,900
    2,005 sqft

    Corner-lot brick duplex with covered parking and central heat and air, fully rehabbed with one unit prepared for rent.

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    Remodeled Fourplex Garden Apartments
    Remodeled Fourplex Garden Apartments

    334 North McLean Boulevard, Memphis, TN 38112

    $885,000
    5,800 sqft

    Four occupied garden apartments with newly remodeled kitchens and central heat and air plus off-street private parking.

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    Turnkey Renovated Duplex Property
    Turnkey Renovated Duplex Property

    1621 OAKWOOD St, Memphis, TN 38108

    $150,000
    1,151 sqft

    Fully renovated duplex offers two updated units with modern finishes, bringing a move-in-ready option for rental buyers.

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    Turnkey Duplex Income Property
    Turnkey Duplex Income Property

    155-157 N MERTON St, Memphis, TN 38112

    $236,000
    1,725 sqft

    Fully renovated duplex with two 2-bedroom, 1-bath units and current monthly rental income.

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    Four-Unit Residential Income Property
    Four-Unit Residential Income Property

    3468 Bowen Avenue, Memphis, TN 38122

    $199,900
    1,296 sqft

    Duplex with two rear ADUs, with three units currently rented and one unit recently rehabbed for lease.

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    New Construction Two-Unit Duplex
    New Construction Two-Unit Duplex

    3074 WAYNOKA Ave, Memphis, TN 38111

    $269,900
    1,738 sqft

    Under-construction duplex with two units, each featuring two bedrooms and one bathroom, with modern interior finishes.

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    Well-Maintained Duplex
    Well-Maintained Duplex

    217 N MCLEAN Blvd, Memphis, TN 38112

    $399,000
    3,860 sqft

    Well-maintained duplex in a historic district, offering income property ownership in a convenient Memphis area.

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    Six-Unit Multifamily Investment
    Six-Unit Multifamily Investment

    736 Richmond Avenue, Memphis, TN 38106

    $320,000
    3,888 sqft

    Six 2-bedroom, 1-bath units feature individual utilities, with four units currently rented and two vacant.

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    Two-Unit Duplex with Granite Countertops
    Two-Unit Duplex with Granite Countertops

    3025 WAYNOKA Ave, Memphis, TN 38111

    $269,900
    1,738 sqft

    New construction two-unit duplex with two 2-bedroom, 1-bath units, LVP flooring, and granite countertops.

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    Large Multifamily Property Near FedEx
    Large Multifamily Property Near FedEx

    179 Vance Avenue, Memphis, TN 38103

    $999,000
    9,000 sqft

    Two-unit multifamily property with parking near FedEx Forum.

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    Well-Maintained Duplex for Sale
    Well-Maintained Duplex for Sale

    766 ROLAND St, Memphis, TN 38104

    $399,000
    2,895 sqft

    Two-family duplex with bright hardwood interiors and neutral kitchens, offering scheduled combined rents above $3,000 monthly.

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    Renovated Quadplex with Central HVAC
    Renovated Quadplex with Central HVAC

    2033 Young Avenue, Memphis, TN 38104

    $826,995
    3,585 sqft

    Fully renovated quadplex featuring a studio, two 1BR units, and a 3BR unit with central HVAC across all units.

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    Fully Occupied Fourplex
    Fully Occupied Fourplex

    520 N MCNEIL St, Memphis, TN 38112

    $375,000
    3,202 sqft

    Fourplex with fully occupied units, offering a straightforward residential income setup near Crosstown Concourse.

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    Historic Duplex with Two 3BR Units
    Historic Duplex with Two 3BR Units

    243-245 North Avalon Street, Memphis, TN 38112

    $375,000
    3,990 sqft

    Historic brick duplex offers two spacious 3-bedroom, 2-bath units with hardwood floors and covered front porch.

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    Renovated Duplex With Current Tenants
    Renovated Duplex With Current Tenants

    1352 S COOPER St, Memphis, TN 38114

    $205,000
    1,656 sqft

    Renovated duplex with two income-producing units and active tenant leases, professionally managed for day-to-day oversight.

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    Four-Unit Residential Income Property
    Four-Unit Residential Income Property

    2053 Linden Avenue, Memphis, TN 38104

    $410,000
    2,279 sqft

    Four-unit multifamily with three 1-bedroom units and one studio, located near Midtown among single-family homes.

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    Duplex Income Property
    Duplex Income Property

    703 N EVERGREEN St, Memphis, TN 38107

    $315,000
    3,469 sqft

    Two-unit duplex with hardwood floors, large living areas, and natural light at a Memphis Midtown address.

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    Memphis, TN Residential Income Properties Market Trends and Statistics

    Explore 167 residential income properties for sale in Memphis, TN, showcased through 167 active listings on our real estate platform. These investment opportunities span a total of 629,974 square feet of properties for sale, with an estimated market value of $131,611,214.

    Sale prices for residential income properties in Memphis, TN start at $44,900, averaging $1,020,241, 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 169
    Duplexes 75
    Apartment buildings 61
    Quadplexes 15
    Short term rental properties 15

    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 $134K
    38118 $198K
    38106 $198.4K
    38122 $202.9K
    38108 $267.5K

    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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    Most Searched ZIP Codes in Memphis, TN

    • 38104
    • 38112
    • 38107
    • 38114
    • 38106
    • 38111
    • 38108
    • 38109
    • 38126
    • 38105
    • 38122
    • 38103

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