Multi Family homes for sale & real estate in Downtown Memphis, TN

Multi Family Home for sale in Downtown Memphis, TN:

Excellent value in a wonderful Central Gardens location! Five units in a friendly neighborhood environment, rarely a vacancy and highly sought after, this building is a winner! DRIVE BY ONLY!! DO NOT DISTURB THE TENANTS!! Make your offer contingent on inspections. This is a property you will be happy to have as part of your portfolio!

Multi Family Home for sale in Downtown Memphis, TN:

Fully renovated income producing property. There are 4 units that are all currently occupied. The 2BR/1BA is $785/month. The other 1BR/1BA units are $750/month. All units have been updated with new floors, fresh paint, new appliances, updated electrical and updated sewer to the street. New roof on the building. No showings without accepted offer. Write an offer contingent on viewing/inspections. Please do not disturb tenants.

Multi Family Home for sale in Downtown Memphis, TN:

Cash flowing rental property (duplex) for sale. Brick exterior and updated in many ways. Roof is about 3 years old. Other recent improvements: windows, new plumbing, updated electrical, 2 new water tanks, new HVAC, paint LVP flooring and more. Both side of this duplex are currently rented at $730 and $700 ($1430 total) so this is not quite a 1% rule but it is very close. This is a situation where showings can only be arranged after an accepted offer (contingent upon inspection or walk through. ) Property is walking distance to shopping and transit. Tenants pay all utilities. Appliances stay with the property.

Multi Family Home for sale in Downtown Memphis, TN:

Don't miss this opportunity to add a property to your rental portfolio. Great rental area and this property is located near all types of commerce and industry. No blind offers and no wholesaler or assignment of contract offers will be accepted.

Multi Family Home for sale in Downtown Memphis, TN:

This renovated fourplex offers an immediate income stream with one unit currently leased for $600 per month. An excellent opportunity for investors looking to expand their portfolio in a strong rental market. With one unit occupied and three available, there is a clear path to increasing the property's overall cash flow. The potential for significant rental income and the low purchase price make this a compelling asset for both new and experienced investors. This is a fantastic chance to acquire a turnkey property with established income and room for growth. Contact the listing agent today to schedule a private viewing. Do not disturb the current tenants.

Multi Family Home for sale in Downtown Memphis, TN:

Fantastic investment opportunity in the Shelby area. This 4br/2 bath Duplex is in the 38106 area. With a monthly rental amount of $370 & $615/month. MTM and other unit lease ends on 2/28/26. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.