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South Main Multifamily Home for Sale

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    $1,699,000

    • 7 Beds
    • 9,000 Sq Ft

    508 S Main St, Memphis, TN 38103

    2 BUILDINGS AT 508-510 S MAIN ST - 508 S. Main: Approx. 9,400 sf. It is a 3 story building with finished basement office space and rooftop observation room and deck - 1st floor is retail space. 2nd floor is a 2 bedroom 2 bath apartment. 3rd Floor is a 2 bedroom 2 bath apartment. 510 S Main: Approx. 4,700 sf. It is a 2 story building- 1st floor is retail in the front and a studio apartment in the

    Chris Garland Crye-Leike, Inc., REALTORS

    508 S Main St, Memphis, TN 38103

Why Live in South Main

South Main in Memphis, also known as the South Main Historic District, is a neighborhood with a rich cultural atmosphere and a strong sense of community. Residents often meet and socialize while walking around, creating a true neighborhood feel. The area is home to significant landmarks such as the National Civil Rights Museum and the Arcade Restaurant, Memphis's oldest eatery. Art remains a vital part of the community, with galleries like Urevbu Contemporary and Artspace, and local shops displaying works by local artists. Dining options include Gus’s World Famous Fried Chicken and Loflin Yard, while groceries can be found at South Point Grocery. For transportation, residents have access to the Memphis Area Transit Authority (MATA) trolley and bus services, Amtrak at Memphis Central Station, and Memphis International Airport, which is about 11 miles away. Parks along the Mississippi River, such as the newly refurbished Tom Lee Park, offer recreational opportunities, and the Big River Crossing provides a scenic pedestrian bridge into Arkansas. Cultural attractions include the Blues Hall of Fame and the historic Orpheum Theatre. Housing in South Main consists mainly of condos, both new and renovated, with some single-family homes in the South Bluff gated community. Regular events like the RiverArtsFest and South Main Trolley Night, along with the Memphis Farmers Market, provide plenty of things to do for residents and visitors alike.

Home Trends in South Main, TN

Housing Trends

Median Sale Price
$320,000
Median Single Family Sale Price
$407,750
Median Townhouse Sale Price
$428,000
Median 2 Bedroom Sale Price
$299,500
Median 1 Bedroom Sale Price
$222,300
Average Price Per Sq Ft
$247
Number of Homes for Sale
72
Last 12 months Home Sales
76
Months of Supply
11.40
Median List Price
$374,900
Median Change From 1st List Price
6%
Median Home Sale Price YoY Change
18%
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