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    Shelby County, TN Residential Income Properties for Sale

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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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    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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    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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    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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    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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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    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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    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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    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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    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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    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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    Renovated Two-Unit Duplex
    Renovated Two-Unit Duplex

    3054 WAYNOKA Ave, Memphis, TN 38111

    $209,900
    1,350 sqft

    Renovated interiors include updated kitchens, bathrooms, flooring, windows, and lighting.

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    Renovated Duplex
    Renovated Duplex

    2261 HUNTER Ave, Memphis, TN 38108

    $110,000
    1,056 sqft

    Two-unit residential income property with both units leased and professional management in place.

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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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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    1178 N EVERGREEN St, Memphis, TN 38108

    $300,000
    3,600 sqft

    Brick multifamily property with consistent two-bedroom layouts and a mix of occupied and available units.

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    Occupied Income-Producing Duplex
    Occupied Income-Producing Duplex

    3133 NATHAN Ave, Memphis, TN 38112

    $170,000
    1,676 sqft

    Two residential units are leased, with a roof and water heater replaced or installed approximately 2 years ago.

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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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    Apartment Building with Five Duplexes
    Apartment Building with Five Duplexes

    244 RICHMOND Ave, Memphis, TN 38106

    $325,000
    6,552 sqft

    Own 11 rental units on one parcel, including five duplexes and a detached single-family home.

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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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    Renovated 2-Unit Duplex
    Renovated 2-Unit Duplex

    893 PEARCE St, Memphis, TN 38107

    $150,000
    1,072 sqft

    Brick income property renovated in 2023 with central heat and air.

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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 Vacancy
    Renovated Duplex with Vacancy

    961 N DUNLAP St, Memphis, TN 38107

    $144,900
    2,102 sqft

    Two-unit property with one leased residence and a renovated vacant unit available for occupancy.

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    Renovated Duplex with Central HVAC
    Renovated Duplex with Central HVAC

    6436 Oak Park Dr, Memphis, TN 38134

    $385,000
    2,312 sqft

    Two updated units feature built-in appliances and central heating and air conditioning.

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    Renovated Duplex
    Renovated Duplex

    1351 AUSTIN St, Memphis, TN 38108

    $129,900
    1,508 sqft

    Two-unit residential property with occupied units and professional management in place.

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    Shelby County, TN Residential Income Properties Market Trends and Statistics

    Explore 241 residential income properties for sale in Shelby County, TN, showcased through 241 active listings on our real estate platform. These investment opportunities span a total of 929,838 square feet of properties for sale, with an estimated market value of $161,227,646.

    Sale prices for residential income properties in Shelby County, TN start at $30,000, averaging $778,877, 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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    Featured Shelby County Real Estate Agencies

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

    KELLER WILLIAMS®
    930 S White Station Rd Memphis, TN 38117
    Phone: 19012617900
    www.kw.com
    Coldwell Banker Collins-Maury
    6263 Poplar Ave, Suite 220 Memphis, TN
    Phone: 19012598550
    Berkshire Hathaway HomeServices Taliesyn Realty
    465 Jack Kramer Drive - Suite 1 Memphis, TN 38117
    Phone: 19014664000
    www.bhhstaliesyn.com

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