Memphis, TN Multifamily Homes & Duplexes for Sale

• 

  

  /2

  $145,000

  • 8 Beds
  • 4 Baths
  • 2,784 Sq Ft

  1240 Ethel St, Memphis, TN 38114

  Great investment opportunity! Each unit offers 3 bedrooms and 2 bathrooms. Some repairs are needed to bring these spacious units to their full potential, making them ideal for any investor portfolio. Inspection day Nov 1, 2025 10-11:30 am This unit can be sold individually or as a package with 1239 Ethel and 1218 Ethel.

  

  Rasheedah Jones

  Dreamteam Realty Co

  (901) 665-7724

  1240 Ethel St, Memphis, TN 38114
• Explore Memphis

• 

  

  

  /10

  $105,000

  • 2 Beds
  • 1 Bath
  • 1,080 Sq Ft

  761 Whitney Ave, Memphis, TN 38127

  

  Austin Hall

  Evernest Too, LLC

  (901) 675-6150

  761 Whitney Ave, Memphis, TN 38127
• 

  

  

  /7

  $195,000

  • 4 Beds
  • 2 Baths
  • 1,804 Sq Ft

  1360 Chadwick Cir, Memphis, TN 38114

  Duplex – Excellent Cash Flow Near Cooper-Young, Seller Financing Available! Duplex located just south of the highly desirable Cooper-Young district, offering reliable income and long-term upside in one of Memphis’s most active rental markets. Both units are currently leased, generating a combined rent of $2,185 per month, delivering excellent cash flow from day one. (Seller pays utilities for one

  

  Walter Jones

  BEST Real Estate Company

  (901) 657-3239

  1360 Chadwick Cir, Memphis, TN 38114
• 

  

  

  /9

  $149,000

  • 4 Beds
  • 1,512 Sq Ft

  279 W Person Ave, Memphis, TN 38109

  Triplex + Two Extra Lots – Seller Financing! Excellent income-producing property located in the heart of Memphis. This opportunity includes the main triplex plus two adjacent lots, offering additional value and long-term potential for development or expansion. Two units are currently rented for a combined $1,490 per month, and the third unit is being marketed for $695, bringing total potential

  

  Walter Jones

  BEST Real Estate Company

  (901) 883-6567

  279 W Person Ave, Memphis, TN 38109
• 

  

  

  /40

  $749,000

  • 5 Beds
  • 4.5 Baths
  • 4,732 Sq Ft

  6433 Lebarrett Cove, Memphis, TN 38120

  OPEN-SAT- 11/08-2:30-4:00 Looking for your dream home in River Oaks! This 5br-4.5 gorgeous beauty checks all the boxes! Thoughtfully updated/renovated with stunning chef's kitchen + oversized island-48 inch custom soft close cabinets +fabulous granite to boot. A master suite that is so well designed with separate adjoining office/exercise room and an incredible ensuite that is gorgeous with

  

  Steve Boysen

  Crye-Leike, Inc., REALTORS

  (901) 621-8585

  6433 Lebarrett Cove, Memphis, TN 38120
• 

  

  /4

  $95,000

  • 2 Beds
  • 2 Baths
  • 1,080 Sq Ft

  853 N Dunlap St, Memphis, TN 38107

  Excellent investment opportunity! This fully occupied duplex features two 1BR/1BA units, each with long-term tenants and steady rental income. Recent improvements include a new roof, offering peace of mind for years to come. Conveniently located just minutes from Downtown Memphis and with easy access to major expressways and amenities, this property is positioned for continued growth and value.

  

  Rasheedah Jones

  Dreamteam Realty Co

  (901) 621-8159

  853 N Dunlap St, Memphis, TN 38107
• 

  

  /40

  $525,000

  • 6 Beds
  • 4 Baths
  • 4,398 Sq Ft

  1464 Peabody Ave, Memphis, TN 38104

  This exceptional duplex, designed for optimal flow, features well-placed bedrooms and bathrooms. It exudes character with unique architectural details, spacious living areas, and a large kitchen. Located just five minutes from the medical and dental schools, and ten minutes from the University of Memphis Law School, it’s ideally situated. The upstairs unit offers three bedrooms, two bathrooms, a

  

  Leigh Martin

  Hobson, REALTORS

  (901) 599-2570

  1464 Peabody Ave, Memphis, TN 38104
• 

  /2

  $145,000

  • 4 Beds
  • 4 Baths
  • 2,130 Sq Ft

  3450 Austinwood Dr, Memphis, TN 38118

  Add this duplex to your rental portfolio. One unit is currently rented at $775 on a month to month. The vacant unit has been renovated with new hot water tanks, and new roof, facia, and siding all around property, fresh paint, floors and plumbing completed.

  

  Keino Spring

  Harris & Harris Realty Group

  (901) 657-2252

  3450 Austinwood Dr, Memphis, TN 38118
• 

  /2

  $145,000

  • 8 Beds
  • 4 Baths
  • 2,784 Sq Ft

  1218 Ethel St, Memphis, TN 38114

  Great investment opportunity! Each unit offers 3 bedrooms and 2 bathrooms. Some repairs are needed to bring these spacious units to their full potential, making them ideal for any investor portfolio. Inspection day Nov. 1, 2025, 10am-11:30 am. All offers must include proof of funds. This unit can be sold individually or as a package with 1239 Ethel and 1218 Ethel.

  

  Rasheedah Jones

  Dreamteam Realty Co

  (901) 563-5042

  1218 Ethel St, Memphis, TN 38114
• 

  /2

  $145,000

  • 6 Beds
  • 4 Baths
  • 2,833 Sq Ft

  1239 Ethel St, Memphis, TN 38114

  Great investment opportunity! Each unit offers 3 bedrooms and 2 bathrooms. Some repairs are needed to bring these spacious units to their full potential, making them ideal for any investor portfolio. Inspection Day Nov. 1, 2025 10-11:30 am. All offers must include proof of funds. This unit can be sold individually or as a package with 1240 Ethel and 1218 Ethel.

  

  Rasheedah Jones

  Dreamteam Realty Co

  (901) 676-7313

  1239 Ethel St, Memphis, TN 38114
• 

  

  /19

  $154,900

  • 3 Beds
  • 2 Baths
  • 1,341 Sq Ft

  1131 Rozelle St, Memphis, TN 38106

  Investor Opportunity! Cash-flowing, tenant-occupied three-bed, two-bath home in Memphis, Tennessee. Recently updated throughout with modern finishes, newer flooring, and refreshed paint. Spacious living area, functional kitchen with updated appliances, and comfortable bedrooms Perfect for investors seeking turnkey rental income. TENANT RIGHTS! Property is tenant occupied- please do not disturb

  Scott Tomlinson eXp Realty

  1131 Rozelle St, Memphis, TN 38106
• 

  /2

  $135,000

  • 3 Beds
  • 2 Baths
  • 1,295 Sq Ft

  3255 Macon Rd, Memphis, TN 38122

  Great investment opportunity in a strong rental area of Memphis. This well-maintained duplex offers two separate units. One unit has two bedrooms and one bath and is currently rented for $775 per month. The other unit has one bedroom and one bath and is listed for rent at $575 per month. Both have been updated recently. Ideal for investors seeking solid cash flow or for an owner occupant looking

  Michael Valenza eXp Realty, LLC

  3255 Macon Rd, Memphis, TN 38122
• 

  

  /14

  $115,000

  • 2 Beds
  • 2 Baths
  • 1,420 Sq Ft

  3717 Deer Forest Dr, Memphis, TN 38115

  Great tenant occupied home! Rent is $1,100/mo. Leased until July 2026. Two large bedrooms - one upstairs and one down. Screened-in patio overlooking fenced-in backyard. Backs up to trees = privacy! Large spaces, fireplace, soaring ceilings! Water Heater 2020, Roof ~2015.

  Brandon Smith Smith Family Real Estate, LLC

  3717 Deer Forest Dr, Memphis, TN 38115
• 

  

  /13

  $129,900

  • 2 Beds
  • 2 Baths
  • 1,437 Sq Ft

  6369 Kirby Downs Dr, Memphis, TN 38115

  Great tenant occupied home. Rent is $1,100/month. Lease until October 2026. Single story home, large great room, spacious 2br/2ba home with newer roof and HVAC system. Water heater is 2014. Kitchen opens up to eating area and living room. Fenced-in backyard with deck, 1 car garage. Large sitting/office area in primary bedroom.

  Brandon Smith Smith Family Real Estate, LLC

  6369 Kirby Downs Dr, Memphis, TN 38115
• 

  

  /23

  $179,900

  • 3 Beds
  • 2 Baths
  • 2,018 Sq Ft

  755 N Avalon St, Memphis, TN 38107

  Great duplex in the Vollintine-Evergreen Historic District. The downstairs unit features two bedrooms, an office and one bathroom. Original stained trim and hardwood floors. Fresh interior paint. The upstairs unit is accessed through a separate entrance on the side of the house. It features one bedroom, a large office that could be a second bedroom, and one bathroom. Roof is from 2017. Live

  Robert Grisham Bluff City Realty Group, LLC

  755 N Avalon St, Memphis, TN 38107
• 

  

  /4

  $68,000

  • 2 Beds
  • 1 Bath
  • 784 Sq Ft

  642 Lagrange Park Cove, Memphis, TN 38111

  INVESTORS ONLY! Tenant occupied property being marketed to investors. This can be a great addition to your rental portfolio. Property is Professionally managed by Mid South Home Rentals. Currently rented at $795/mo. ONLINE VIDEO AVAILABLE UPON REQUEST. No sign. PLEASE DO NOT APPROACH OR DISTURB TENANT. Make all offers contingent on an interior inspection. No wholesalers, no assignments, seller is

  Tyler Tapley Crye-Leike, Inc., REALTORS

  642 Lagrange Park Cove, Memphis, TN 38111
• 

  

  /22

  $190,000

  • 9 Beds
  • 6 Baths
  • 2,683 Sq Ft

  3206 Cookie Cove, Memphis, TN 38118

  Fantastic investment opportunity in Memphis, TN. This beautiful 6br/4 bath Duplex is in the 38118 area. All windows replaced with insulated double pane. Call Agent for more info. DO NOT DISTURB THE TENANT!

  Cynthia Murrell The Regal Group

  3206 Cookie Cove, Memphis, TN 38118
• 

  

  /32

  $325,000

  • 4 Beds
  • 2 Baths
  • 2,455 Sq Ft

  552 Summitt St, Memphis, TN 38104

  Charming Duplex in Prime Midtown Location. Fantastic opportunity, just a short walk to Overton Square and surrounded by restaurants and nightlife. The downstairs unit is freshly painted with brand-new hardwood floors, light fixtures, and fans. The exterior has just been painted, and there are brand-new decks upstairs and downstairs, along with a freshly replaced fence. The upstairs unit is

  Tammy Bunnell Crye-Leike, Inc., REALTORS

  552 Summitt St, Memphis, TN 38104
• 

  /2

  $126,900

  • 3 Beds
  • 2 Baths
  • 1,200 Sq Ft

  6539 Wimble Rd, Memphis, TN 38134

  INVESTORS ONLY! Tenant occupied property being marketed to investors. This can be a great addition to your rental portfolio. Property is Professionally managed by Mid South Home Rentals. Currently rented at $1,350/mo. This home was renovated in early 2025. ONLINE VIDEO AVAILABLE UPON REQUEST. No sign. PLEASE DO NOT APPROACH OR DISTURB TENANT. Make all offers contingent on an interior inspection.

  Tyler Tapley Crye-Leike, Inc., REALTORS

  6539 Wimble Rd, Memphis, TN 38134
• 

  

  /28

  $200,000

  • 3 Beds
  • 2.5 Baths
  • 1,357 Sq Ft

  8346 Honey Dew Cove, Cordova, TN 38016

  Welcome to your new 3-bedroom 2.5 bath home on a peaceful & quiet cove in Cordova. Seller has done everything for you, and you just need to move in. New Cedar wood fence, painted throughout, floored attic, quartz counter tops, Pela windows, new siding, all appliances stay, security system, along with the mounted 55 in. television to remain. This home features a covered patio to enjoy your morning

  Angelita Parham KAIZEN Realty, LLC

  8346 Honey Dew Cove, Cordova, TN 38016
• 

  

  /31

  $333,900

  • 3 Beds
  • 2 Baths
  • 2,179 Sq Ft

  7693 Killdeer Ln, Cordova, TN 38016

  Stunning 1 story low maintenance home on beautifully landscaped corner lot in cove. Bonus room can serve as sunroom, office, play room...many uses. New appl, quartz counter, & tile floor-remodeled approx 2 years old. Beautiful back yard with deck. Split bedroom plan. Carpet in bedrooms 2, 3 & hall that is new. Custom built closets in all bedrooms and 5 large custom cabinets in garage with drawers

  JILL BERRY J.D. Marks, Inc., REALTORS

  7693 Killdeer Ln, Cordova, TN 38016
• 

  

  /36

  $350,000

  • 5 Beds
  • 3.5 Baths
  • 2,800 Sq Ft

  35 Oslo Cove, Cordova, TN 38018

  Nestled under the mature trees of the highly sought after Walnut Grove Lake neighborhood, this stone with Vinyl Siding home is so well appointed it will work for all types of family needs. The living areas are all spacious and warm with carpet in LR, DR, Office and 3 of the 5 bedrooms (5th BR may serve as a large Bonus or Flex Room). There are 3 and 1⁄2 half baths, newer roof, and both HVAC Units

  Craig Britt Crye-Leike, Inc., REALTORS

  35 Oslo Cove, Cordova, TN 38018
• 

  

  /15

  $250,000

  • 4 Beds
  • 1 Bath
  • 1,770 Sq Ft

  936 Brownlee Rd, Memphis, TN 38116

  Welcome to 936 Brownlee Rd, a 4-bedroom, 1-bath home offering 1,770 sq ft of potential in the heart of Whitehaven. This property is ideal for investors or savvy buyers looking for their next renovation project. The home features a spacious layout, attached garage, and sits in a convenient location near shopping, dining, and easy expressway access, making it a great long-term rental or flip

  Arlexus Holmes BHHS Taliesyn Realty

  936 Brownlee Rd, Memphis, TN 38116
• 

  

  /13

  $58,000

  • 2 Beds
  • 2 Baths
  • 984 Sq Ft

  1524 Tayner St, Memphis, TN 38108

  Fixer upper in North Memphis perfect for investors or home owners looking to supplement income! One side is occupied at $450 month to month and other side is vacant and in need of tlc. Please don’t disturb tenants and make offers contingent upon inspection.

  Duane Kinnard Tri-Leake Realty

  1524 Tayner St, Memphis, TN 38108
• 

  

  /10

  $175,000

  • 4 Beds
  • 2 Baths
  • 1,400 Sq Ft

  1344 Hyde Park Blvd, Memphis, TN 38108

  Fully renovated VACANT duplex—ideal for house hackers or investors! Fresh paint, new flooring, and brand-new mini split system. Interior/Exterior and Neighborhood Drive up video available with 3d floorplan. Utilities on and move in ready! Includes a one-year home warranty. No wholesaler/assignment contracts accepted.

  Allison Brents 901, REALTORS

  1344 Hyde Park Blvd, Memphis, TN 38108
• 

  

  /26

  $175,000

  • 4 Beds
  • 2 Baths
  • 2,746 Sq Ft

  1429 Greendale Ave, Memphis, TN 38127

  SPACIOUS!! Bring your buyers to see this 4BR, 2BA home. Beautiful brick exterior with large covered front porch. Large rooms, Living/Dining combo, large eat-in kitchen and Bonus TV Room. All on one floor...carpet thru-out! Perfect home for entertaining.

  John Payne BEST Real Estate Company

  1429 Greendale Ave, Memphis, TN 38127
• 

  

  /10

  $99,000

  • 3 Beds
  • 1 Bath
  • 1,021 Sq Ft

  493 Tonawanda Cove, Memphis, TN 38109

  This great investor opportunity is located in a quiet cove in the Westwood area. The vacant 3-bedroom, 1-bath home will be sold AS-IS. The unit will need a little TLC to get it into market shape but the detached "double" garage that is over 644 square feet is something to see.

  James Johnson Crestcore Realty, LLC

  493 Tonawanda Cove, Memphis, TN 38109
• 

  /2

  $140,000

  • 3 Beds
  • 2 Baths
  • 1,171 Sq Ft

  4572 Summer Creek Cove, Memphis, TN 38141

  Income producing investment property currently tenant-occupied, month-to-month, bringing 1005.00 per month in rent. Great addition to any portfolio! No showings without an accepted offer.

  Flor Bernal Crye-Leike, Inc., REALTORS

  4572 Summer Creek Cove, Memphis, TN 38141
• 

  

  /8

  $299,798

  • 6 Beds
  • 3 Baths
  • 2,900 Sq Ft

  3212 Whitney Ave, Memphis, TN 38128

  DON'T MISS IT!! ..... Come home to this spacious, newly renovated 6 BR beauty. Located in historic SCENIC HILLS, this property features a LIKE NEW ROOF, FRESH INTERIOR PAINT, some NEW APPLIANCES, updated LIGHTING and FLOORING (Glistening Hardwood Floors throughput), and MORE!!

  Gerald Williams KAIZEN Realty, LLC

  3212 Whitney Ave, Memphis, TN 38128
• 

  

  /6

  $186,450

  • 3 Beds
  • 2.5 Baths
  • 1,456 Sq Ft

  3921 Chelsea Hill Dr, Memphis, TN 38128

  Don't miss this fully renovated home located in a quiet cove in MOVE-IN CONDITION. Home features a NEW APPLIANCES (Stove - Dishwasher - Microwave), NEW ROOF, FRESH PAINT (Interior and Exterior), covered parking, updated lighting and MORE! ALL offers are welcome! Closing cost support and 1 YR Warranty available with reasonable offers CALL TODAY!!

  Gerald Williams KAIZEN Realty, LLC

  3921 Chelsea Hill Dr, Memphis, TN 38128
• 

  

  /19

  $310,000

  • 4 Beds
  • 2 Baths
  • 2,238 Sq Ft

  8460 Buckhurst Rd, Cordova, TN 38016

  Welcome to 8460 Buckhurst Rd - a spacious 4-bedroom, 2 bath home full of charm! This well-maintained older home features a large great room, perfect for entertaining, a beautiful formal dining rm, kitchen and a welcoming foyer. Enjoy the expansive backyard with plenty of room to relax or garden. This home is all ready for move-in ease. Property is vacant and seller is very motivated. Bring all

  rosemary graham The Carter Group LLC, REALTORS

  8460 Buckhurst Rd, Cordova, TN 38016
• 

  

  /37

  $485,000

  • 4 Beds
  • 1,211 Sq Ft

  2006 Felix Ave, Memphis, TN 38104

  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

  Jeff Goff Keller Williams

  2006 Felix Ave, Memphis, TN 38104
• 

  

  /20

  $149,900

  • 3 Beds
  • 2.5 Baths
  • 1,901 Sq Ft

  5275 Scottsdale Ave Unit 9, Memphis, TN 38118

  Welcome to this beautifully remodeled townhouse, a true rare jewel offering over 1,900 square feet of thoughtfully designed living space. Step inside to discover three spacious bedrooms and two and a half baths, along with 2 distinct living areas that make this home truly special — a separate living room, dining room, and a cozy hearth room that adds warmth and charm you’ll fall in love with.

  Kenya Harrison Infinity Group REALTORS, Inc.

  5275 Scottsdale Ave Unit 9, Memphis, TN 38118
• 

  

  /28

  $140,000

  • 2 Beds
  • 2 Baths
  • 1,389 Sq Ft

  3710 Deer Crossing, Memphis, TN 38115

  This 2 Bedroom 2 Bath Home is in Turn Key condition. Two car garage. Loft Area Adds Nice Flex Space. 2 Story Foyer. Fireplace. New Flooring including Luxury LVP. New Interior Paint. New Refrigerator. All other Appliances are almost new. Built In Cabinets. Wet Bar. Sunroom. Wood Deck with Gazebo. Large Bedrooms. All Appliances Stay. New Hardware. Investor or Owner Occupant.

  Fancher Smith Keller Williams

  3710 Deer Crossing, Memphis, TN 38115
• 

  

  /5

  $30,000

  • 2 Beds
  • 1 Bath
  • 671 Sq Ft

  1253 Capital Dr, Memphis, TN 38107

  Great investment property. Needs full rehab Perfect for rental or rooming housing

  Travis Patterson C21 Patterson & Assoc. Real Es

  1253 Capital Dr, Memphis, TN 38107
• 

  

  /40

  $510,000

  • 9 Beds
  • 8,904 Sq Ft

  3160 Spottswood Ave, Memphis, TN 38111

  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

  Randall Weatherall Memphis Metro Realty

  3160 Spottswood Ave, Memphis, TN 38111
• 

  

  /22

  $129,900

  • 4 Beds
  • 2 Baths
  • 1,769 Sq Ft

  645 Mcwhirter Ave, Memphis, TN 38127

  Wonderful Duplex that is currently Vacant. NO CITY TAXES. ONLINE VIDEO AVAILABLE UPON REQUEST. This can be a great investment property for you. Could also live on one side and rent the other if wanted. Market rent is $900/side. Tenants pay all utilities. Each unit has new paint and is in rent-ready condition. RARE OPPERTUNITY (Not many duplexes in this area, can generate a lot of positive

  Tyler Tapley Crye-Leike, Inc., REALTORS

  645 Mcwhirter Ave, Memphis, TN 38127
• 

  

  /19

  $215,000

  • 4 Beds
  • 2 Baths
  • 1,956 Sq Ft

  3743 Given Ave, Memphis, TN 38122

  Great investment opportunity in a desirable area! This well-maintained duplex is listed at $215,000.00 and features two tenant-occupied units. Strong rental history and steady income make this an excellent addition to any investment portfolio.

  Flor Bernal Crye-Leike, Inc., REALTORS

  3743 Given Ave, Memphis, TN 38122
• 

  

  /34

  $264,000

  • 4 Beds
  • 3 Baths
  • 1,198 Sq Ft

  4161 Grey Rd, Memphis, TN 38108

  The One You've Waiting For! Excellent Location-2 HOMES/1 PARCEL-Separately Metered-MAIN HOUSE/ 2 BR 2 Baths- BACK HOUSE/ 2 BR 1Bath- Complete Renovation-ALL NEW SYSTEMS Electrical/Plumbing/HVAC-NEW WINDOWS-NEW SIDING-NEW KITCHENS/BATHS/FINISHES-SS AppliancesPlaced Before Closing-Large Fenced Lot w-Circular Driveway-Covered Parking-Steps from Kingsbury Elementary-Perfect for Owner Occupant (Live

  Melody Bourell Marx-Bensdorf, REALTORS

  4161 Grey Rd, Memphis, TN 38108
• 

  

  /19

  $214,900

  • 2 Beds
  • 2 Baths
  • 1,497 Sq Ft

  3264 Dogwood Ln, Memphis, TN 38116

  Move-in ready and beautifully decorated, this charming 2-bedroom, 2-bath home in the heart of Whitehaven offers space, comfort, and style! Featuring a separate living room, formal dining room, and a cozy den that opens to a side patio—perfect for entertaining or relaxing. The remodeled kitchen flows seamlessly into the den and includes all appliances—refrigerator, washer, and dryer stay! Freshly

  Kizzy Neder Lawrence Johnson, REALTORS

  3264 Dogwood Ln, Memphis, TN 38116

Showing Results 1 - 40, Page 1 of 5

Why Live in Memphis

Memphis stands as the birthplace of Blues, Soul, and Rock 'n' Roll, with legendary music landmarks like Sun Studio, where Elvis Presley and Johnny Cash recorded their earliest hits. The city's rich cultural heritage comes alive through attractions like Graceland, Elvis's iconic mansion, and the National Civil Rights Museum at the Lorraine Motel. Beale Street pulses with live music venues, while outdoor spaces like the 4,500-acre Shelby Farms Park and the Mississippi River waterfront at Tom Lee Park provide natural escapes. The culinary scene features standout restaurants such as Central BBQ, known for hickory-smoked ribs, and Gus's Fried Chicken, a regional icon serving Southern spicy fried chicken.

The Memphis housing market presents diverse options across distinct neighborhoods. Single-family homes in Midtown Memphis have a median price of $310,000, while similar properties in Cooper-Young reach $311,000. Downtown Memphis single-family homes show a median price of $265,000. The median price for townhomes throughout Memphis is $399,000, while one-bedroom condos typically sell for a median price of $161,000.

Memphis maintains a cost of living 10.3% below the national average. A family with school-age children needs approximately $95,000 annually to live comfortably, while single renters require about $55,000. The property tax rate in Shelby County sits at 1.03%, with no state income tax and a combined sales tax rate of 9.56%. Monthly grocery costs average $1,600 for families and $700 for singles. The city's educational landscape includes highly rated institutions like White Station High School serving multiple neighborhoods and private schools such as Hutchison School and Memphis University School. The University of Memphis and Rhodes College add to the academic environment.

Learn more about living in Memphis

Home Trends in Memphis, TN

On average, homes in Memphis, TN sell after 58 days on the market compared to the national average of 53 days. The median sale price for homes in Memphis, TN over the last 12 months is $200,000, up 5% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$200,000

Median Single Family Sale Price

$201,500

Median Townhouse Sale Price

$409,950

Median 2 Bedroom Sale Price

$154,450

Median 1 Bedroom Sale Price

$150,000

Average Price Per Sq Ft

$134

Number of Homes for Sale

2,303

Last 12 months Home Sales

6,074

Months of Supply

4.50

Median List Price

$215,000

Median Change From 1st List Price

4%

Median Home Sale Price YoY Change

5%