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    Shelby County, TN Residential Income Properties for Sale

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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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    Apartment Conversion Opportunity
    Apartment Conversion Opportunity

    6020 Shelby Oaks Drive, Memphis, TN 38134

    $2,000,000
    41,280 sqft

    Vacant hospitality property with an apartment redevelopment concept, including a newly installed roof and existing elevator infrastructure.

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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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    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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    Low-Rise Garden Apartment Community
    Low-Rise Garden Apartment Community

    737 Court Avenue, Memphis, TN 38105

    $700,000
    3,362 sqft

    Faulkner Court Apartments is a low-rise garden-style apartment community for sale in central Memphis near major attractions.

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    Upper/Lower Duplex with Patios
    Upper/Lower Duplex with Patios

    1337 HARBERT Ave, Memphis, TN 38104

    $339,900
    3,178 sqft

    Upper and lower units each offer three bedrooms, one bath, and a private patio with long-term leases in place.

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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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    Renovated Multifamily Community in Midtown
    Renovated Multifamily Community in Midtown

    170 North Hollywood Street, Memphis, TN 38112

    $5,900,000
    49,222 sqft

    Renovated 52-unit multifamily property in Midtown Memphis.

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    New Construction Duplex
    New Construction Duplex

    3025 WAYNOKA Ave, Memphis, TN 38111

    $269,900
    1,738 sqft

    Turnkey new-build duplex with two 2-bedroom, 1-bath units, featuring LVP floors and granite countertops.

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    Mixed-Use Religious Duplex Property
    Mixed-Use Religious Duplex Property

    1293 LAMAR AVE, Memphis, TN 38104

    $1,200,000
    1,614 sqft 0.82 AC lot

    Duplex fronting a major corridor with adjoining church and meeting facilities, offering flexible space for community and commercial uses.

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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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    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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    Apartment Complex Near University
    Apartment Complex Near University

    665 E Pontotoc Ave, Memphis, TN 38126

    $649,000
    5,600 sqft

    Apartment complex near universities with redevelopment potential.

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    Renovated Duplex Investment
    Renovated Duplex Investment

    1352 S COOPER St, Memphis, TN 38114

    $205,000
    1,656 sqft

    Renovated duplex with two current tenants and documented lease terms through 2027.

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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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    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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    8-Unit Multifamily Property
    8-Unit Multifamily Property

    291 Greenlaw Ave, Memphis, TN 38105

    $749,000
    7,042 sqft

    Eight two-bedroom units with central heating and air are offered in this for-sale multifamily property.

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    Updated Central Gardens Duplex
    Updated Central Gardens Duplex

    1503 EASTMORELAND Ave, Memphis, TN 38104

    $409,000
    3,264 sqft

    Duplex with two fully rented units, each recently renovated with updated kitchens and finishes.

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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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    Fully Renovated Duplex Opportunity
    Fully Renovated Duplex Opportunity

    3588 BOWEN Ave, Memphis, TN 38122

    $190,000
    1,594 sqft

    Turnkey duplex with two renovated two-bedroom, one-bath units for flexible owner-occupancy or rental income.

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    Shelby County, TN Residential Income Properties Market Trends and Statistics

    Explore 173 residential income properties for sale in Shelby County, TN, showcased through 173 active listings on our real estate platform. These investment opportunities span a total of 647,544 square feet of properties for sale, with an estimated market value of $165,988,113.

    Sale prices for residential income properties in Shelby County, TN start at $44,900, averaging $1,070,891, 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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