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

Multi Family Home for sale in South 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 South Memphis, TN:

Great investment opportunity with strong upside potential. This partially renovated duplex features modern updates throughout, with most much work already completed. Both units offer refreshed kitchens and bathrooms, updated interiors that provide a strong foundation for finishing the project. With just a few final touches needed, this property is ideal for investors looking for rental income or a value-add opportunity close to everyday amenities. A smart addition to any portfolio.

Multi Family Home for sale in South Memphis, TN:

Excellent investment opportunity! This triplex offers three separate living units, each with its own charm and income potential. The main level features a 2-bedroom, 1-bath unit with a comfortable layout and easy access to the shared outdoor areas. Upstairs, you’ll find a 1-bedroom, 1-bath unit with a private side entrance—ideal for added privacy or tenant convenience. In addition, there’s a detached garage with a 1-bedroom, 1-bath apartment above, offering even more flexibility for rental income or guest accommodations. Each unit is individually designed to maximize livability and function while keeping maintenance simple. Whether you’re expanding your rental portfo

Multi Family Home for sale in South Memphis, TN:

PLEASE READ ENTIRE DESCRIPTION. Awesome chance to convert to student housing for Univ. of Memphis! The area is booming right now and this type of unit is very rare. New septic in2022; various ext. /int. repairs, including unit turns!  Utility billback in place on existing leases. Large attic and basement for possible expansion into nice units. Front building has 4 units and rear building has 2 units. Units 1 & 2 have been combined into one large 3/2 unit and is rented as such right now, but can be split into a 2/1 and 1/1 for 7 units. 2/6 units occupied, bringing in $2145(rents)+$350(utilities)/month. Fixed up, this place should be bringing in $72,000+/year (+charged utilities on

Multi Family Home for sale in South Memphis, TN:

Located in a solid rental area, this 4-plex property offers excellent income potential. The property features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, making it a versatile addition to any investment portfolio. One of the 2-bedroom units was previously rented to a Section 8 tenant for $945 per month, demonstrating strong rental demand. With full occupancy, this property has the potential to generate $3,200+ in monthly income. Conveniently situated near Downtown Memphis, Midtown, and major freeway access, this property provides easy access to dining, shopping, and employment centers. Don’t miss this great opportunity to own an income-producing multi-family property!

Multi Family Home for sale in South Memphis, TN:

Solid brick Duplex in the historic Orange Mound community! Each side has 2br and 1 bath, window units for ac and wall heaters. One side occupied at $775 with a long term tenant, the other side is vacant and will need some finishing touches with flooring and paint. Please do not disturb tenants and make all offers contingent upon inspection. Also in a reasonable vicinity to schools, Orange Mound Library and Orange Mound Community Center.