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    Memphis, TN Residential Income Properties for Sale

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    Southaven, MS Olive Branch, MS Horn Lake, MS
    115 listings
    East Memphis Multifamily Investment Opportunity
    $914,900
    7,232 SF
    East Memphis Multifamily Investment Opportunity

    160 HAYDEN Pl, Memphis, TN 38111

    Renovated 10-unit property near Walnut Grove Road.
    • Immediate cash flow: Generating over $8,600 per month in rental income.
    • Newly renovated 10‑unit multifamily property.
    • High occupancy rate: Approximately 80% occupied.
    • Value‑add potential through lease‑up and rent optimization.
    • Highly accessible location near major employment centers, shopping, dining, and transportation.
    Updated: May 29
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    Gated Townhome Community in Memphis
    $1,650,000
    1,116 SF
    Gated Townhome Community in Memphis

    1961-1970 REMBERT Pl, Memphis, TN 38104

    Fully occupied, renovated townhomes near Overton Square. Perfect for investors.
    • 100% Occupied & Fully Renovated (2019): Immediate income generation with modern updates.
    • Prime Location: Heart of Midtown Memphis, near Overton Square, Overton Park, Memphis Zoo, and the Medical District.
    • No HOA or Deed Restrictions: Ideal for long‑term or short‑term rentals (Airbnb).
    • Gated Community: Enhanced security and privacy for residents.
    • Unit Features: 2 beds/2.5 baths with updated kitchens (granite, stainless steel), new flooring, and dedicated parking.
    Updated: Apr 24
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    19-Unit Multifamily Apartment Building
    $1,568,000
    946 SF
    19-Unit Multifamily Apartment Building

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

    32 N BELVEDERE Blvd, Memphis, TN 38104

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    Well-Maintained Duplex for Sale
    $399,000
    2,895 SF
    Well-Maintained Duplex for Sale

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

    766 ROLAND St, Memphis, TN 38104

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    Move-In Ready Central Gardens Duplex
    $329,000
    2,532 SF
    Move-In Ready Central Gardens Duplex

    Move-in ready duplex with separately metered units, updated finishes, and generous outdoor space for flexible living.

    1983 HARBERT Ave, Memphis, TN 38104

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    Midtown Triplex Income Opportunity
    $374,900
    3,408 SF
    Midtown Triplex Income Opportunity

    Three-unit triplex configuration offers a house-hack option with rental income potential in a central Midtown setting.

    1577 COURT Ave, Memphis, TN 38104

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    Turnkey Duplex with Long-Term Tenants
    $165,000
    3,033 SF
    Turnkey Duplex with Long-Term Tenants

    Two leased units with 2018 renovations and in-place tenants through 2026 in Memphis, TN.

    5429 JASMINE Cv, Memphis, TN 38115

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    Historic Craftsman Duplex in Midtown
    $450,000
    3,998 SF
    Historic Craftsman Duplex in Midtown

    1916 duplex in Memphis' Historic Evergreen District.

    201 STONEWALL St, Memphis, TN 38112

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    Multifamily Apartment Building with Gated Parking
    $380,000
    3,166 SF
    Multifamily Apartment Building with Gated Parking

    Five-unit apartment complex with gated parking and on-site laundry, offering rental stability and an owner-occupant option.

    1515 MADISON Ave, Memphis, TN 38104

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    Historic Hewn-Stone Duplex
    $295,000
    3,738 SF
    Historic Hewn-Stone Duplex

    1920s duplex with hardwood floors and spacious units featuring five bedrooms and three bathrooms, offered for sale as-is.

    173 N WILLETT St, Memphis, TN 38104

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    Renovated Duplex with Two Leases
    $215,000
    1,656 SF
    Renovated Duplex with Two Leases

    Renovated duplex with two current tenants and staggered lease expirations through 2027.

    1352 S COOPER St, Memphis, TN 38114

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    Memphis Garden Apartment Building
    $299,400
    3,772 SF
    Memphis Garden Apartment Building

    Five-unit apartment building near Downtown Memphis, recently renovated.

    1025 S WELLINGTON St, Memphis, TN 38126

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    Memphis Duplex with Leased Units
    $189,900
    1,606 SF
    Memphis Duplex with Leased Units

    Turnkey duplex generating income with long-term tenants in place.

    3151 HIGHLAND PARK Pl, Memphis, TN 38111

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    Renovated Fourplex Near Liberty Park
    $499,000
    2,850 SF
    Renovated Fourplex Near Liberty Park

    Newly renovated fourplex near Cooper-Young and Liberty Park development.

    1072 S BARKSDALE St, Memphis, TN 38114

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    Memphis Multifamily Property For Sale
    $120,000
    Memphis Multifamily Property For Sale

    Multifamily property with upgrades and rental income potential.

    564 W PEEBLES Rd, Memphis, TN 38109

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    Townhome-Style Multifamily Community
    $650,000
    20,956 SF
    Townhome-Style Multifamily Community

    Renovation-ready 21-unit multifamily with two-bedroom layouts and in-unit washer/dryer connections.

    4390 KAMALI Ct, Memphis, TN 38128

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    Refreshed 4-Plex Next to Park
    $275,000
    2,700 SF
    Refreshed 4-Plex Next to Park

    Updated 4-plex with income potential near park in Memphis.

    1493 GAITHER St, Memphis, TN 38106

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    Renovated Duplex with Two 2BR Units
    $309,900
    1,853 SF
    Renovated Duplex with Two 2BR Units

    Renovated duplex offering two updated 2-bedroom units with laundry, kitchen, and inviting front porch.

    949 S COX St, Memphis, TN 38104

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    Two-Unit Duplex with Shared Yard
    $300,000
    2,496 SF
    Two-Unit Duplex with Shared Yard

    A well-maintained duplex with two 2-bedroom units and shared fenced backyard, including one rent-ready vacancy.

    5659 HINTON Pl, Memphis, TN 38119

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    Memphis Duplex Investment Opportunity
    $274,000
    2,808 SF
    Memphis Duplex Investment Opportunity

    Tenant-occupied duplexes near Crosstown Concourse, a prime investment location.

    1319 PEACH Ave, Memphis, TN 38104

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    Fully Renovated Duplex for Sale
    $200,000
    1,594 SF
    Fully Renovated Duplex for Sale

    Turnkey duplex with two 2-bedroom, 1-bath units, offering flexibility for owner-occupant living or leasing both sides.

    3588 BOWEN Ave, Memphis, TN 38122

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    Two-Unit Duplex Income Property
    $178,900
    2,025 SF
    Two-Unit Duplex Income Property

    Well maintained duplex with recent major updates, offering one unit ready to show and another currently rented.

    3312 POWELL Ave, Memphis, TN 38122

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    Cash-Flowing Duplex in Memphis
    $144,900
    1,694 SF
    Cash-Flowing Duplex in Memphis

    Turnkey duplex generating $1,460/month with long-term tenants.

    508 E DISON Ave, Memphis, TN 38106

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    Occupied Duplex Investment Opportunity
    $185,000
    2,709 SF
    Occupied Duplex Investment Opportunity

    Duplex in Memphis, TN with tenants and professional management.

    996 UNIVERSITY St, Memphis, TN 38107

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    Memphis, TN Residential Income Properties Investment Opportunities Market Analysis

    Explore 115 residential income properties for sale in Memphis, TN, showcased through 115 active listings on our real estate platform. These investment opportunities span a total of 475,941 square feet of properties for sale, with an estimated market value of $46,301,099.

    Sale prices for residential income properties in Memphis, TN start at $44,900, averaging $617,347, and reaching up to $12,000,000 — 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 117
    Duplexes 55
    Apartment buildings 36
    Short term rental properties 10
    Quadplexes 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 $120K
    38118 $125K
    38127 $129.8K
    38106 $160.2K
    38122 $210.3K

    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
    • 38106
    • 38107
    • 38111
    • 38103
    • 38114
    • 38126
    • 38112
    • 38122
    • 38108
    • 38115
    • 38127

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