Residential Income

Memphis, TX Residential Income Properties for Sale

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Brick Duplex with Rear Carport
Updated: May 8
Brick Duplex with Rear Carport

1217 Montgomery Street, Memphis, TX 79245

$40,000
1,404 sqft 0.12 AC lot
0.12‑acre lot size
1,404 SF duplex
Brick exterior with composition roof
Built in 1930
Carport parking with covered spaces in the rear
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Memphis, TX, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Brick Quadplex on Corner Lot
Brick Quadplex on Corner Lot

110 BROADWAY Avenue, Groom, TX 79039

$145,000
2,600 sqft

Four occupied apartments offer a mix of one- and two-bedroom floor plans.

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Four-Unit Apartment Property
Four-Unit Apartment Property

110 Broadway Avenue, Groom, TX 79039

$145,000
2,600 sqft

Corner-lot quadplex with a varied unit mix and all apartments currently occupied.

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Historic Mixed-Use Building
Historic Mixed-Use Building

141 N Main Street, Childress, TX 79201

$485,000
0.13 AC lot

Corner property in downtown Childress combines retail, office, residential, and basement space within a historic district.

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RV Park with 55 RV Spots
RV Park with 55 RV Spots

1604 C NW, Childress, TX 79201

$3,700,000
5.29 AC lot

RV park with 55 total sites and both 30- and 50-amp service.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Cleared Double Lot Near Lake
Cleared Double Lot Near Lake

32-33 Mollybee Drive, Howardwick, TX 79226

Contact for pricing
0.23 AC lot

Ready-to-build 0.23-acre lot near Greenbelt Lake.

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Development Tract Split by Railroad
Development Tract Split by Railroad

TBD Country Club Drive, Childress, TX 79201

$470,000
94.00 AC lot

Large contiguous tract within city limits offering commercial/light industrial and residential development options.

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Development Land with Road Access
Development Land with Road Access

Farm To Market Road 2042, Childress, TX 79201

$390,500
71.00 AC lot

71-acre tract outside Childress city limits, in cultivation, with access from FM 2042 and 5th Street SW.

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Cleared Triple Lot in Recreation Area
Cleared Triple Lot in Recreation Area

Pampa Street lot: 493-495, Howardwick, TX 79226

Contact for pricing
0.23 AC lot

Ready-to-build, cleared land with municipal water access and paved road access in a lakeside recreation community.

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Memphis, TX Residential Income Properties Market Trends and Statistics

Explore 1 residential income properties for sale in Memphis, TX on our real estate platform. These investment opportunities span a total of 1,404 square feet of properties for sale, with an estimated market value of $40,000.

Sale prices for residential income properties in Memphis, TX average $40,000 — 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

Duplexes 1
Multifamily properties 1

Demographics Overview

Population 2,291
Population Growth (5Y) -4.5%
Median Household Income $46,667
College Educated 21.7%

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
79245 $40K

Taxes & Financing

Tax Rate (average for all types) 2.07%
Property Tax per SF $24.35 per SF
Tax Rate vs County Average 0.03 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Hall County

New Delisted

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