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    Memphis, TN Triplexes for Sale

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    Southaven, MS Olive Branch, MS Horn Lake, MS Nesbit, MS Walls, MS Piperton, TN Lake Cormorant, MS Jackson, MS
    Triplex Income Property
    Updated: May 11
    Triplex Income Property

    1577 COURT Ave, Memphis, TN 38104

    $374,500
    3,408 sqft
    Income‑producing triplex: Live in one unit and rent out the other two.
    Prime Midtown location: Centrally located with easy access to Downtown Memphis, East Memphis, and the interstate.
    House hacking opportunity: Significantly reduce your housing costs by renting out part of your property.
    Strong rental market: High demand for rentals in this area ensures consistent income.
    Convenient access to shopping.
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    This listing looks promising.

    Here's a quick look at some key insights for

    1577 COURT Ave, Memphis, TN 38104

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    • Est. Cap Rate

      7.7%
      Above avg (5.9%)

    • Est. NOI

      $29K
      Annual

    • Price @ 7% Cap

      $411K
      Above asking

    • Property Type

      Single Family Residence
      Built 1910
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    Triplex with Mixed Unit Sizes
    Updated: May 7
    Triplex with Mixed Unit Sizes

    1954 MANILA Ave, Memphis, TN 38114

    $465,000
    Immediate rental income from two tenant‑occupied units.
    Triplex configuration: one 1 bed/1 bath unit and two 2 bed/1 bath units.
    One vacant unit available for owner‑occupancy or setting market rental rate.
    Investment opportunity with strong income potential.
    Convenient location.
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    Memphis Triplex Investment Opportunity
    Memphis Triplex Investment Opportunity

    1531 Court Ave, Memphis, TN 38104

    $370,000
    2,580 sqft

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

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    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 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.

    Two-Lot Multifamily Building
    Two-Lot Multifamily Building

    775 & 785 Christie Street, Dyersburg, TN 38024

    $94,900
    3,945 sqft 0.82 AC lot

    For sale multifamily building totaling 3,945 sq ft on two adjoining lots totaling 0.82 acres.

    View details
    Downtown Triplex with Parking
    Downtown Triplex with Parking

    Corinth, MS 38834

    $89,000
    2,022 sqft

    Three 1-bedroom, 1-bath units on a corner location offer on-site parking for residents.

    View details
    Downtown Triplex Investment Property
    Downtown Triplex Investment Property

    811 Graham St, Corinth, MS 38834

    $89,000
    2,022 sqft

    Three one-bedroom, one-bath units with dedicated parking, positioned on a downtown corner for rental-ready occupancy.

    View details
    Four-Unit Multifamily Investment Package
    Four-Unit Multifamily Investment Package

    4 Unit Investment Package, Dyersburg, TN 38024

    $145,000

    Four-unit package includes a mix of occupied and vacant units with provided HVAC or window AC/heat and connection to public sewers.

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    Memphis, TN Triplexes Market Trends and Statistics

    Explore 3 triplexes for sale in Memphis, TN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 5,988 square feet of properties for sale, with an estimated market value of $744,500.

    Sale prices for three-family homes in Memphis, TN start at $370,000, averaging $372,250, and reaching up to $374,500 — 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 60
    Apartment buildings 35
    Short term rental properties 10
    Quadplexes 9
    Triplexes 3

    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
    38104 $375K
    38114 $465K

    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 pricing trends across core commercial property types 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.

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    Most Searched ZIP Codes in Memphis, TN

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    • 38114

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