Multi Family homes for sale & real estate in 38159, TN

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ABOUT THIS HOME
Multi Family Home for sale in 38159, TN:
Price Reduced — Motivated Seller! This 5 unit offers investors an opportunity to acquire a well-positioned property in Memphis’ growing Uptown area. The units are 2BR with central heating and air, plus stove, refrigerator, washer and dryer— The property currently generates $4,255 per month in scheduled rents and is located near the expanding St. Jude campus, positioning the property to benefit from the increased demand for housing in the area. Drive by only please.

$457,000

10 beds1 bath— sq ft

706 N Fifth St, Memphis, TN 38107

5 unit • Built 1966 • Listed 12 days

ABOUT THIS HOME
Multi Family Home for sale in 38159, TN:
Investment property being sold AS IS.

$85,000

4 beds4 baths— sq ft

775 Leath St, Memphis, TN 38107

Built 1927 • Listed 26 days

ABOUT THIS HOME
Multi Family Home for sale in 38159, TN:
This 8-unit opportunity is located north of downtown in the Uptown area. St. Jude's huge expansion continues to create an increased demand for housing in the area. All units are 2BR's with stoves, refrigerators, washers and dryers. The scheduled monthly rents are 6,570. Rents are below market due to over 20 years of ownership. This provides an opportunity to increase rents without major capital improvements. The retiring owner is ready to do a deal with a serious buyer. Drive by only, please.

$784,000

16 beds1 bath— sq ft

261 Keel Ave, Memphis, TN 38107

Built 1968 • Listed 12 days

ABOUT THIS HOME
Multi Family Home for sale in 38159, TN:
Fully occupied multifamily investment opportunity just minutes from Downtown Memphis! This fourplex features four 2-bedroom/1-bath units with current scheduled rents totaling $3,275 per month/$39,300 annually. Recent improvements include the addition of washer/dryers for tenant convenience. The property also offers gated parking, with tenants responsible for electric, gas and trash and owner paying water. Conveniently located near shopping, dining and major highways with easy access to Downtown Memphis and the Bass Pro Pyramid. Offered at $399,999, this income-producing property provides an opportunity to add an established, fully occupied multifamily asset to your investment portfolio.

$394,999

8 beds1 bath— sq ft

750 Chelsea Ave, Memphis, TN 38107

Fourplex • Near dining • Near shopping

ABOUT THIS HOME
Multi Family Home for sale in 38159, TN:
Includes adjacent parcel # 051006 00011 (0.17 Ac) Positioned across from Le Bonheur Children’s Hospital, these two adjacent lots feature a 9-unit, 4,176 sq ft apartment building on 23,958 sq ft of total land, plentiful for developing more units, designated parking, etc. All units are 1B/1Ba, with 8/9 renovated and currently rented at $500 and $650, allowing for immediate cash flow and opportunity to continue forcing appreciation while increasing rents. Renovated units have new breakers, cabinetry, central heat, electric utilities, LVP flooring, PEX plumbing, tile tub surround, toilets, vanities, water heaters, windows, and a firewall between every 3 units, with the roof being replac

$1,250,000

9 beds1 bath— sq ft

229 N Dunlap St, Memphis, TN 38105

Central heat • Renovated units • New cabinetry

Property at 574-576 Mckinley St, Memphis, TN 38126, 4 beds, 2 baths

$170,000

4 beds2 baths— sq ft

574-576 Mckinley St, Memphis, TN 38126

Property at 734 Lane Ave, Memphis, TN 38105, 6 beds, 1 bath

$249,000

6 beds1 bath— sq ft

734 Lane Ave, Memphis, TN 38105

Property at 893 Pearce St, Memphis, TN 38107, 2 beds, 2 baths

$150,000

2 beds2 baths— sq ft

893 Pearce St, Memphis, TN 38107

Property at 961 N Dunlap St, Memphis, TN 38107, 4 beds, 3 baths

$144,900

4 beds3 baths— sq ft

961 N Dunlap St, Memphis, TN 38107

Property at 325 Greenlaw Ave, Memphis, TN 38105, 28 beds, 1 bath

$1,049,000

28 beds1 bath— sq ft

325 Greenlaw Ave, Memphis, TN 38105

Property at 869 Pearce St, Memphis, TN 38107, 4 beds, 2 baths

$150,000

4 beds2 baths— sq ft

869 Pearce St, Memphis, TN 38107

Property at 712 N Fifth St, Memphis, TN 38107, 10 beds, 1 bath

$444,900

10 beds1 bath— sq ft

712 N Fifth St, Memphis, TN 38107

Property at 661 St Paul Ave, Memphis, TN 38126, 14 beds, 1 bath

$529,000

14 beds1 bath— sq ft

661 St Paul Ave, Memphis, TN 38126

Property at 18 N Second St, Memphis, TN 38103, 6 beds

$885,000

6 beds— baths— sq ft

18 N Second St, Memphis, TN 38103

Property at 179 Vance Ave, Memphis, TN 38103, 6 baths

$750,000

Studio6 baths— sq ft

179 Vance Ave, Memphis, TN 38103

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NEW 10 HRS AGO

ABOUT THIS HOME
Multi Family Home for sale in 38159, 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

$185,000

8 beds1 bath— sq ft

226 E Alston Ave, Memphis, TN 38126

Fourplex in progress • Built 1930

ABOUT THIS HOME
Multi Family Home for sale in 38159, TN:
Reduced price !! This 10 unit offers an opportunity with immediate upside and limited capital improvement requirements. All units are spacious 2BR's featuring central heating and air, plus stoves, refrigerators, washers and dryers—amenities that help support stronger rental rates. The scheduled monthly rental income is 8270 per month. Retiring seller is ready to make a deal with a serious buyer !! Drive by only, please do not disturb residents.

$986,000

20 beds1 bath— sq ft

955 N Parkway Ave, Memphis, TN 38105

Built 1966 • Listed 13 days

ABOUT THIS HOME
Multi Family Home for sale in 38159, TN:
MOTIVATED SELLER !!!!! Investor Alert!! This tenant-occupied rental offers an opportunity to add another income-producing property to your portfolio. With 1 bedroom and 1 bath on each side, this duplex generates $1,150 a month in combined rental income. There are tenants already in place. Please do not disturb tenants. No showings without an accepted offer. Make offer contingent on inspection. NO wholesale, assignment or creative financing offers will be accepted. Financials available upon request.

$87,000

3 beds2 baths— sq ft

690 Barrett Pl, Memphis, TN 38107

Built 1946 • Listed 19 days

ABOUT THIS HOME
Multi Family Home for sale in 38159, TN:
Your opportunity to own a beautiful historic apartment building in the Annesdale Snowden Historic District in the heart of midtown. This building features 6 units ranging from studios to two bedrooms. Contact an agent today for more information or to schedule a viewing.

$470,000

4 beds1 bath— sq ft

1261 Central Ave, Memphis, TN 38104

Heart of midtown • Built 1917 • Listed 41 days

ABOUT THIS HOME
Multi Family Home for sale in 38159, 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 beds1 bath— sq ft

1239 Agnes Pl, Memphis, TN 38104

Breaker box • Replace fire escape • Roofs replaced

ABOUT THIS HOME
Multi Family Home for sale in 38159, TN:
Cash Flowing Duplex! Currently tenant occupied both sides for Unit 1 $997/month and Unit 2 $1074/month with VA tenants. HVAC system was replaced last year in both units. Don't miss out on this great opportunity.

$190,000

4 beds2 baths— sq ft

884 Breedlove St, Memphis, TN 38107

Built 1915 • Listed 115 days

Multi Family Homes for Sale in 38159

There are currently 15 multi family homes for sale in 38159. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. This map is refreshed with the newest listings in 38159 every 15 minutes.

Find your dream home in 38159 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 38159 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 38159. If you're looking to sell your home in the 38159 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 38159 with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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Multi Family homes for sale & real estate in 38159, TN

Multi Family Homes for Sale in 38159

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