Raleigh Multifamily Homes & Duplexes for Sale

/22
$169,000
- 3 Beds
- 2 Baths
- 1,000+ Sq Ft
2568 Parkview Dr, Memphis, TN 38128

Welcome to this charming and fully renovated 3-bedroom, 2-bathroom home that effortlessly combines modern elegance with comfortable living. As you step inside, you’ll immediately notice the bright and open floor plan, thoughtfully designed to create a welcoming atmosphere filled with natural light. Every inch of this home has been meticulously updated with high-quality finishes and attention to

Brooke Boone Harris & Harris Realty Group

2568 Parkview Dr, Memphis, TN 38128
/7
$204,500
- 5 Beds
- 2.5 Baths
- 1,600+ Sq Ft
4709 Old Raleigh Millington Rd, Memphis, TN 38128

RARE 5 BR property in Raleigh - Don't Miss It! Freshly renovated home features ALL NEW FLOORING - fresh INTERIOR and EXTERIOR PAINT - NEW HVAC System - NEW Windows and more! Seller providing a $2500 Appliance package (STOVE - DISHWASHER - GARBAGE DISPOSAL).

Gerald Williams KAIZEN Realty, LLC

4709 Old Raleigh Millington Rd, Memphis, TN 38128
/5
$116,000
- 3 Beds
- 2 Baths
- 1,000+ Sq Ft
2811 E Hickory Bluff, Memphis, TN 38128

Investors only! Wonderful tenant occupied property that can be added to your rental portfolio! Currently rented at $895 and seller is selling multiple properties on this street (all are on Hickory Bluff)! These are attached units but no HOA! No neighbor on one side, one story flat, all bedrooms down large yard! No sign in yard. Seller selling multiple properties (can buy individually or in bulk).

Tyler Tapley Crye-Leike, Inc., REALTORS

2811 E Hickory Bluff, Memphis, TN 38128
/2
$110,000
- 2 Beds
- 1.5 Baths
- 1,000+ Sq Ft
2792 E Hickory Bluff, Memphis, TN 38128

Welcome to 2792 East Hickory Bluff—a charming 2-bedroom, 1.5-bath home well-suited for both homeowners and investors. This well-maintained property features a spacious living area with natural light, a bright kitchen with ample storage, and comfortable bedrooms. Amenities include air conditioning, ceiling fans, climate control, heat, vinyl floors, mirrors, and window coverings. The large yard

James Wachob Foundation Property Management

2792 E Hickory Bluff, Memphis, TN 38128
/2
$389,000 New Construction
- 4 Beds
- 3.5 Baths
- 2,600+ Sq Ft
2756 Epping Crest Dr, Memphis, TN 38128

Nestled on the north side of Memphis, Raleigh is a vibrant neighborhood in Shelby County District 6 with a rich history and growing community spirit. This area boasts a unique landscape defined by rolling hills, mature oak and elm trees, and stunning foliage, especially during the fall.

T.J. Kebede Grand Point Realty, LLC

2756 Epping Crest Dr, Memphis, TN 38128

Tennessee Memphis Raleigh

Why Live in Raleigh

Raleigh, a growing suburb in northeast Memphis, is experiencing revitalization with major employers like Amazon and Nike strengthening the community. The neighborhood features a mix of ranch-style, split-level, and colonial revival homes, many 40 to 50 years old with fenced-in backyards and carports. Newer traditional homes with open floorplans are also available. Raleigh's residential streets are shaded by oak trees, and the area includes small lakes such as Otter and Beaver Lake, offering waterfront views. Located about 13 miles from Downtown Memphis, Raleigh is near Interstate 40, providing access to Memphis, Nashville, and Knoxville. Public transportation is available via Route 11 of the Memphis Area Transit Authority Bus, and Memphis International Airport is about 20 miles away. The commercial hub along Austin Peay Highway includes regional fast-food chains, local favorites like Donut Man and Southern Hands, and big-box stores such as Aldi. Green spaces are plentiful, with Harry C Pierotti Park offering tennis and basketball courts, a playground, and the Raleigh Community Center, which features an outdoor pool and various programs. The Raleigh Springs Civic Center includes a pond, a skate park, and the Raleigh Library. Outdoor activities extend to the Wolf River Greenway and Epping Lake, popular for biking and fishing. Raleigh is served by the Shelby County School District, with several public and charter school options available. The neighborhood also hosts annual events like the Block Party for Peace, fostering a strong sense of community.

Learn more about living in Raleigh

Home Trends in Raleigh, TN

On average, homes in Raleigh, Memphis sell after 49 days on the market compared to the national average of 51 days. The median sale price for homes in Raleigh, Memphis over the last 12 months is $164,900, up 11% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$164,900

Median Single Family Sale Price

$169,050

Median Townhouse Sale Price

$196,200

Median 2 Bedroom Sale Price

$95,000

Average Price Per Sq Ft

$106

Number of Homes for Sale

Last 12 months Home Sales

216

Months of Supply

3.40

Median List Price

$173,900

Median Change From 1st List Price

Median Home Sale Price YoY Change

11%

How to Buy a Home How to Finance a Home How to Sell a Home

In Raleigh, there are currently 5 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes ranging from $110,000 to $389,000, there's something for every budget. As of July, 2025 the median home price in Raleigh, Memphis is $173,900, while the average sale price is $162,449, providing insight into local market trends. On average, multi-family homes spend 49 days on the market before being sold. Multi-family homes encompass various property types, including duplexes, triplexes, fourplexes, and apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're interested in a duplex for a starter investment or an apartment complex for a larger-scale venture, there are investment properties available to suit your needs. Explore the range of multi-family homes for sale in Raleigh, Memphis.

Raleigh Types of Homes for Sale

Raleigh Real Estate Listings

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