Multi Family homes for sale & real estate in 38109, TN

Multi Family Home for sale in 38109, TN:

5,310 SF Mixed-Use Value-Add Opportunity right next to the Stax Museum of American Soul Music! Located at 1140 College St in a rapidly growing pocket of South Memphis. surrounded by new development. Features 3 commercial storefront units—each spacious enough to easily accommodate 2 rooms/offices—plus a rear residential home featuring 2 rooms, 1 bath, and a garage. Incredible 4-unit income potential for retail, offices, studios, or live/work concepts in historic Soulsville. Property requires a full rehab and is sold strictly AS-IS. Bring your vision and capitalize on one of Memphis’s most iconic cultural corridors!

Multi Family Home for sale in 38109, TN:

Income-producing duplex with upside at 2525 Rozelle! Each side offers 3 bedrooms and 1.5 baths, with central heat and air in both units. One side is fully leased at $1,100/month, and the vacant side is being actively marketed at the same rent, putting projected gross income at $2,200/month ($26,400/year) once stabilized. A solid fit for investors looking to add a cash-flowing, low-maintenance asset to their portfolio, or for an owner-occupant who wants to live in one side and let the other help cover the mortgage. Motivated seller. Bring your offers!

Multi Family Home for sale in 38109, TN:

Investment Opportunity! Fourplex in progress near downtown Memphis, conveniently located near the VA office. This approximately 3,055-square-foot property is designed for four 2-bedroom, 1-bath units, offering potential for multiple rental income streams. Seller reports approximately 80% framing completion, roof structure in place with shingles remaining, and plumbing rough-in and top-out completed and passed. Architectural plans are available for an additional $2,500. Seller also reports approval for a $20,000 DMC grant, subject to buyer verification of availability, eligibility, and terms. Seller estimates a potential finished value near $400,000. Buyer to independently verify square foot

Multi Family Home for sale in 38109, TN:

Explore the possibilities at 1417 Pillow Street! This Memphis multifamily property offers four bedrooms, two bathrooms, and approximately 2,196 square feet, providing an opportunity for buyers considering an investment property. Bring your vision and explore how this property could fit your goals.

Multi Family Home for sale in 38109, TN:

60% occupied with the 3 units currently being marketed for rent at $785, and the final one needing minor cosmetic items to be ready to market. There is huge potential with this one due to the proximity of the xAI plants in Southaven and Memphis. Furnished units are commanding a premium rent in the area with flexible leases! Conveniently located across from the Gaston Community Center and Library. This building appraised at $802k. This can also be purchased as a package with 11 other properties at $1.62 million. Total appraised value is $1.82 million for the entire package.

Multi Family Home for sale in 38109, TN:

This 20 unit has all 2 bedroom units. The property has a long-established rental history and scheduled rents of approximately $15,500 per month . Located minutes from Memphis International Airport and major FedEx and UPS employment hubs, the property is positioned near some of Memphis' most significant employment activity. The retiring owner is ready to make a deal and has reduced the price to generate serious activity. This is an opportunity for an experienced investor.