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    Shelby County, TN Residential Income Properties for Sale

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    Memphis, TN Nashville, TN Chattanooga, TN Knoxville, TN Jackson, TN Kingsport, TN Crossville, TN Cookeville, TN
    277 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 Quadplex
    Updated: Oct 20
    Four-Unit Quadplex

    25 N TUCKER St, Memphis, TN 38104

    $642,000
    5,104 sqft
    Four residential units
    5,104 square feet; built in 1920
    Leases in place with stated terms of 1–2 years; Unit 4 has a 2‑year lease
    Offered as‑is with 33 N Tucker St in a package sale
    Five‑minute bike ride to the Shell, Brooks Museum, Overton Park golf, and the zoo
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    4-Unit Quadplex
    4-Unit Quadplex

    33 N TUCKER St, Memphis, TN 38104

    $642,000
    5,104 sqft

    The four-unit property is being offered in a package with 25 N Tucker St.

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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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    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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    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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    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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    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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    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-Unit Residential Property
    Three-Unit Residential Property

    37 S MCLEAN Blvd, Memphis, TN 38104

    $275,000
    3,507 sqft

    Three occupied apartments offer a mix of one-, two-, and three-bedroom layouts in Midtown Memphis.

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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 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 Gated Parking
    Duplex with Gated Parking

    41 S MCLEAN Blvd, Memphis, TN 38104

    $200,000
    2,779 sqft

    Both occupied units offer two bedrooms, two bathrooms, hardwood flooring, and central air and heat.

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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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    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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    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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    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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    Updated 4-Unit Multifamily Property
    Updated 4-Unit Multifamily Property

    259 MARYLAND Ave, Memphis, TN 38126

    $215,000
    1,560 sqft

    Two leased apartments and two vacant units offer a mix of current occupancy and available space.

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    20-Unit Apartment Building
    20-Unit Apartment Building

    3721 Millbranch Rd, Memphis, TN 38116

    $1,538,000
    15,500 sqft

    Every residence has two bedrooms, and the property has an established rental history.

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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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    Four-Unit Multifamily Building
    Four-Unit Multifamily Building

    1034 Patton St, Memphis, TN 38106

    $695,000
    4,800 sqft

    The property is across from Gaston Community Center and Library, with three units being marketed for rent.

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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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    15-Unit Apartment Property
    15-Unit Apartment Property

    1088 National St, Memphis, TN 38122

    $1,066,000
    10,304 sqft

    The unit mix includes two-bedroom apartments and a separate three-bedroom house, all with central heating and air conditioning.

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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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    Shelby County, TN Residential Income Properties Market Trends and Statistics

    Explore 277 residential income properties for sale in Shelby County, TN, showcased through 277 active listings on our real estate platform. These investment opportunities span a total of 1,054,537 square feet of properties for sale, with an estimated market value of $152,008,150.

    Sale prices for residential investment properties in Shelby County, TN start at $30,000, averaging $603,206, 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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    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.

    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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