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    Memphis, TN Triplexes for Sale

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    Southaven, MS Olive Branch, MS Horn Lake, MS Walls, MS Lake, MS Nesbit, MS Piperton, TN Lake Cormorant, MS
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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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    Craftsman-Style Triplex
    Updated: Sep 27
    Craftsman-Style Triplex

    2380 PARKWAY Pl, Memphis, TN 38112

    $285,000
    2,309 sqft
    Three‑unit configuration: one 2‑bedroom/1‑bath residence and two efficiency apartments
    Built in 1925; 2,309 square feet
    Each efficiency apartment has a kitchen and bathroom
    Large flex room, hardwood floors, fireplace, and built‑in bookcases
    Covered front porch and rear deck
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    Triplex with Mixed Unit Layout
    Triplex with Mixed Unit Layout

    3569 DOUGLASS Ave, Memphis, TN 38111

    $280,000
    1,514 sqft

    Three residences offer a varied bedroom and bathroom mix within a compact multifamily property.

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    See hot listings in Memphis

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    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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    Residential Triplex
    Residential Triplex

    1577 COURT Ave, Memphis, TN 38104

    $374,500
    3,408 sqft

    Three-unit residential property offering an owner-occupant configuration with two additional units for rental use.

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    Triplex with Mixed Unit Layout
    Triplex with Mixed Unit Layout

    1954 MANILA Ave, Memphis, TN 38114

    $449,900

    Three-unit residential property with an established occupancy profile and one unit available for inspection.

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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Craftsman Triplex
    Craftsman Triplex

    2380 Parkway Pl, Memphis, TN 38112

    $285,000
    2,309 sqft

    Three residences comprise a two-bedroom unit and two efficiency apartments, with separate kitchens and bathrooms in each.

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    Triplex with Detached Garage Apartment
    Triplex with Detached Garage Apartment

    2006 Felix Avenue, Memphis, TN 38104

    $259,900
    7,536 sqft

    Three separate living units include a detached garage apartment and distinct access arrangements.

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    Triplex With Varied Unit Mix
    Triplex With Varied Unit Mix

    3569 Douglass Ave, Memphis, TN 38111

    $280,000
    1,514 sqft

    Three residential units offer a combination of two-, three-, and one-bedroom layouts in Memphis.

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    Memphis Triplex Investment Opportunity
    Memphis Triplex Investment Opportunity

    1531 Court Ave, Memphis, TN 38103

    $355,000
    2,580 sqft

    Triplex in 38104, currently operating as short-term rental.

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    Renovated Vacant Triplex
    Renovated Vacant Triplex

    1353 Harbert Ave, Memphis, TN 38104

    $340,000

    Three-unit residential property with updated major systems, private outdoor space, and rear off-street parking.

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    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 11 Active listings in Memphis, TN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Brick Triplex with Three Units
    Brick Triplex with Three Units

    2210 Clark Street, Jonesboro, AR 72401

    $319,900
    2,380 sqft 0.32 AC lot

    Three two-bedroom units provide a consistent residential income configuration with one bathroom per unit.

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    Remodeled Triplex
    Remodeled Triplex

    308 S 12Th Ave, Paragould, AR 72450

    $269,900
    2,912 sqft 0.16 AC lot

    Three-unit residential income property with two refreshed units and consistent floor plans throughout.

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    Triplex with Updated Units
    Triplex with Updated Units

    308 S 12Th Ave, Paragould, AR 72450

    $269,900
    2,912 sqft

    Matching layouts and refreshed finishes create a consistent residential configuration across the property.

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    All-Brick Triplex
    All-Brick Triplex

    2210 Clark Street, Jonesboro, AR 72401

    $319,900
    2,380 sqft

    Three two-bedroom units provide one bath each, stained concrete floors, and a broad appliance package.

    View details

    Memphis, TN Triplexes Market Trends and Statistics

    Explore 11 triplexes for sale in Memphis, TN, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 32,726 square feet of properties for sale, with an estimated market value of $4,087,300.

    Sale prices for three-family homes in Memphis, TN start at $259,900, averaging $371,572, and reaching up to $589,000 — 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 152
    Apartment buildings 72
    Quadplexes 11
    Triplexes 11
    Short term rental properties 10

    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
    38111 $280K
    38112 $309.9K
    38103 $357K
    38104 $430.5K
    38114 $449.9K

    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 Residential Income pricing trends 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.

    How Realmo verifies these figures

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    Popular Searches in Memphis, TN

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    Most Searched ZIP Codes in Memphis, TN

    • 38104
    • 38111
    • 38112
    • 38103
    • 38114

    Featured Memphis Real Estate Agencies

    Realmo connects you with licensed Memphis 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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