Multi Family homes for sale & real estate in 38106, TN

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ABOUT THIS HOME
Multi Family Home for sale in 38106, TN:
This duplex was converted in a church. It can be converted back to a duplex. Property need a new roofand additional cosmetic work. Great investment for a rental

$65,000

5 beds2 baths— sq ft

1314 S Willett St, Memphis, TN 38106

Built 1952 • Listed 43 days

VIDEO TOUR

ABOUT THIS HOME
Multi Family Home for sale in 38106, TN:
Two doors are always better than one! This brick duplex sits nicely on a corner lot. One side is rented at $685 and the lease ends 05/01/2027. The other side is vacant and ready to rent! It is also being marketed to rent for $685. There is a property management company in place. Close on this one and immediately start receiving rental income! Located minutes from downtown, midtown and expressway. Call today for more information!

$85,000

2 beds2 baths— sq ft

1672 Clancy St, Memphis, TN 38106

Brick duplex • Close to midtown • Rental income

ABOUT THIS HOME
Multi Family Home for sale in 38106, TN:
Own 11 rental units on a single parcel, consisting of five duplexes and one detached single family home. This unique investment offers immediate cash flow with exceptional value add potential. The property includes ten 1 bedroom, 1 bath units with separate living rooms, kitchens, and bedroom. The sixth building has been converted into a single family residence, providing added flexibility. With renovations, improved management, and lease up efforts, a savvy investor can increase occupancy, raise rents, boost net operating income, and significantly enhance the property's value. Whether you're looking to expand your portfolio or build long term wealth, this is a rare opportunity to unlock str

$325,000

2 beds2 baths— sq ft

244 Richmond Ave Unit 1-6, Memphis, TN 38106

Rare opportunity • Separate kitchens • Renovations

ABOUT THIS HOME
Multi Family Home for sale in 38106, TN:
PRICE IMPROVEMENT. This renovated fourplex offers an immediate income stream with two units currently leased for $600 per month each. An excellent opportunity for investors looking to expand their portfolio in a strong rental market. 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.

$200,000

4 beds— baths— sq ft

1086 S Bellevue Blvd, Memphis, TN 38106

Built 1909 • Listed 166 days

ABOUT THIS HOME
Multi Family Home for sale in 38106, TN:
INVESTORS ONLY! Turnkey, cash-flowing duplex generating $1,460/month with long-term, reliable tenants in place. Unit 508 rents for $650 (tenant since 12/1/2018; lease through 11/30/2026). Unit 510 rents for $810 (tenant since 12/1/2023; lease through 12/31/2026). Both tenants are current with excellent payment history. Renovated in 2018 with a new roof, HVAC, water heater, and cosmetic updates. Professionally managed, maintenance report and tenant ledgers available upon request. Please do not disturb tenants.

$144,900

4 beds2 baths— sq ft

508 E Dison Ave, Memphis, TN 38106

Built 1947 • Listed 147 days

Property at 1493 Gaither St, Memphis, TN 38106

$255,000

— beds— baths2,850 sq ft

1493 Gaither St, Memphis, TN 38106

Listing provided by REALTRACS as Distributed by MLS Grid

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ABOUT THIS HOME
Multi Family Home for sale in 38106, TN:
Appraisal can be provided with an accepted contract. Both roofs replaced 2023 & 2024, all rotted wood removed and painted 2023. Upgraded weather head and breaker box for rear building in 2026. We have renovated 6 unit. Replace fire escape on main building rear exit. Do not disturb tenants.

$550,000

6 beds— baths— sq ft

1239 Agnes Pl, Memphis, TN 38104

Breaker box • Replace fire escape • Roofs replaced

FLOOR PLAN

ABOUT THIS HOME
Multi Family Home for sale in 38106, TN:
Freshly renovated and ready for its next chapter! This 2-bedroom, 1-bath home offers an updated interior with a practical layout and comfortable living spaces throughout. The recent renovations make this property a great option for buyers looking for a move-in ready home without the hassle of taking on a major renovation. Adding to its investment potential, the property also features a separate unit located behind the main home that is currently tenant occupied, offering an existing rental opportunity. Whether you're looking for a place to call home while benefiting from additional rental income or an investor searching for your next addition to your portfolio, 564 W Peebles Rd offers flexi

$115,000

3 beds2 baths— sq ft

564 W Peebles Rd, Memphis, TN 38109

Practical layout • Separate unit • Updated interior

ABOUT THIS HOME
Multi Family Home for sale in 38106, TN:
Centrally located near Downtown Memphis, LeMoyne-Owen College, and the Stax Museum, this 5-Unit Garden apartment is sure to impress! New iron stairs on both ends were replaced March 2024. New roof, plumbing, electrical, and mechanical work completed January 2022. Currently 80% occupied. Annual scheduled rents of $38,820, with potential of $42,000 annual rents. Investors only, please call for more information!

$292,500

10 beds— baths— sq ft

1025 S Wellington St, Memphis, TN 38126

New plumbing • Centrally located • New iron stairs

ABOUT THIS HOME
Multi Family Home for sale in 38106, TN:
Large duplex that is priced to sell! Current owner has made some exterior repairs/upgrades while owning the property (new interior paint, rotted wood repair, and installed a roof). .. but interior will need major repairs. Once rehabbed this could be a tremendous money maker. This home is on a nice street and is begging for your personal touch! Cash offers only. Please do all inspections up front. No wholesalers, no assignments.

$30,000

6 beds4 baths— sq ft

1049 S Willett Ave, Memphis, TN 38114

Rotted wood repair • Installed a roof • New interior paint

ABOUT THIS HOME
Multi Family Home for sale in 38106, TN:
Great multi-unit investment opportunity! Duplex and single-family home on one parcel, both currently occupied. Please do not disturb tenants. Sold as a package with 3010 S. Third St.

$300,000

8 beds3 baths— sq ft

178 E Peebles Rd, Memphis, TN 38109

Built 1941 • Listed 27 days

ABOUT THIS HOME
Multi Family Home for sale in 38106, TN:
Terrific opportunity to own this duplex and the one next to it! Each side is 1 bedroom & 1 bathroom plus a den area (total of 2 bedrooms and 2bathrooms per duplex) plus seller is selling the duplex next door as well (1744-1746 Kansas). You can buy all four doors/dwellings for an outstanding price. Solid brick construction which means low maintenance exterior. Cash offers only. Estimated market rents are $600-$750 per door. ONLINE VIDEO AVAILABLE UPONREQUEST. It appears all utilities are separated but please confirm.

$76,500

2 beds2 baths— sq ft

1748 Kansas Ave, Memphis, TN 38109

Built 1950 • Listed 28 days

Property at 1744 Kansas Ave, Memphis, TN 38109, 2 beds, 2 baths

$76,500

2 beds2 baths— sq ft

1744 Kansas Ave, Memphis, TN 38109

Property at 1053 Fleece Pl, Memphis, TN 38104, 4 beds, 2 baths

$184,900

4 beds2 baths— sq ft

1053 Fleece Pl, Memphis, TN 38104

Property at 1333 Harbert Ave, Memphis, TN 38104, 6 beds, 2 baths

$320,000

6 beds2 baths— sq ft

1333 Harbert Ave, Memphis, TN 38104

Property at 1503 Eastmoreland Ave, Memphis, TN 38104, 4 beds, 3 baths

$409,000

4 beds3 baths— sq ft

1503 Eastmoreland Ave, Memphis, TN 38104

Property at 2022 Courtland Pl, Memphis, TN 38104, 4 beds, 2 baths

$295,000

4 beds2 baths— sq ft

2022 Courtland Pl, Memphis, TN 38104

Property at 2305 Madison Ave, Memphis, TN 38104, 6 beds, 3 baths

$400,000

6 beds3 baths— sq ft

2305 Madison Ave, Memphis, TN 38104

Property at 2301 Madison Ave, Memphis, TN 38104, 6 beds, 3 baths

$400,000

6 beds3 baths— sq ft

2301 Madison Ave, Memphis, TN 38104

Property at 766 Roland St, Memphis, TN 38104, 4 beds, 3 baths

$399,000

4 beds3 baths— sq ft

766 Roland St, Memphis, TN 38104

Property at 1352 S Cooper St, Memphis, TN 38114, 4 beds, 2 baths

$195,000

4 beds2 baths— sq ft

1352 S Cooper St, Memphis, TN 38114

Property at 1609-1611 Hugenot St, Memphis, TN 38114, 4 beds, 2 baths

$140,000

4 beds2 baths— sq ft

1609-1611 Hugenot St, Memphis, TN 38114

Property at 585 E Parkway Pkwy #6, Memphis, TN 38104, 36 beds

$1,980,000

36 beds— baths— sq ft

585 E Parkway Pkwy #6, Memphis, TN 38104

Property at 1954 Manila Ave, Memphis, TN 38114, 5 beds

$465,000

5 beds— baths— sq ft

1954 Manila Ave, Memphis, TN 38114

Property at 661 St Paul Ave, Memphis, TN 38126, 14 beds

$529,000

14 beds— baths— sq ft

661 St Paul Ave, Memphis, TN 38126

Property at 518 Harahan Rd, Memphis, TN 38109, 4 beds, 3 baths

$135,000

4 beds3 baths— sq ft

518 Harahan Rd, Memphis, TN 38109

Multi Family Homes for Sale in 38106

There are currently 6 multi family homes for sale in 38106 at a median listing price of $122K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in 38106 stay on the market for 119 days. This map is refreshed with the newest listings in 38106 every 15 minutes.

In the past month, 19 homes have been sold in 38106. In addition to houses in 38106, there was also 1 condo, 0 townhouses, and 12 multi-family units for sale in 38106 last month. 38106 is a minimally walkable zip code in Tennessee with a Walk Score of 37. 38106 is home to approximately 26,937 people and 7,609 jobs. Find your dream home in 38106 using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in 38106 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 38106. If you're looking to sell your home in the 38106 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 38106 with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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Based on information submitted to the MLS GRID as of Tue Sep 01 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Multi Family homes for sale & real estate in 38106, TN

Multi Family Homes for Sale in 38106

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