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Triplex for Sale in Memphis, TN

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  • /27

    $375,000

    • 5 Beds
    • 2,580 Sq Ft

    1531 Court Ave, Memphis, TN 38104

    Very solid multi-family investment opportunity in 38104! This property is currently configured & operating as a triplex, though it is zoned as a duplex, presenting a unique opportunity for investors. The 1st unit features 2 beds/2 baths, the 2nd unit offers 2 beds/1 bath, and the 3rd unit includes 1 bed/1 bath. The property is presently being utilized as a short-term rental, generating strong

    Agent Photo

    Jordan Ray

    eXp Realty, LLC

    (901) 699-4915

    1531 Court Ave, Memphis, TN 38104
  • /21

    $295,000

    • 3 Beds
    • 1,848 Sq Ft

    743 Shotwell St, Memphis, TN 38111

    Triplex near University of Memphis. Completely renovated by licensed general contractor 1 year ago. Roof approx. 10 yrs old. New tankless water heaters, New HVAC in 3br unit, new kitchen cabinets, granite counters, new electrical outlet and switches throughout, panels brought up to code. All new plumbing including main water supply to meter. New lighting throughout, bathrooms updated with

    Linda Sowell Sowell, Realtors

    743 Shotwell St, Memphis, TN 38111
  • /2

    $179,900

    • 3 Beds
    • 2,225 Sq Ft

    2369 Lamar Ave, Memphis, TN 38114

    Discover a proven cash-flowing triplex at 2369 Lamar Ave, featuring three 1-bed, 1-bath units with past rents of $500, $550, and $600. This property has been one of the seller’s consistent cash cows, delivering steady returns in a high-demand rental corridor. With strong rental history, simple upkeep, and solid tenant appeal, this is the perfect addition to any buy-and-hold portfolio. Serious

    Jessica Wright Key Connect Group, LLC

    2369 Lamar Ave, Memphis, TN 38114
  • /37

    $425,000

    • 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
  • /19

    $149,999

    • 7 Beds
    • 3 Baths
    • 2,800+ Sq Ft

    1920 Oliver Ave, Memphis, TN 38104

    Endless Potential just blocks from Cooper-Young. This spacious 2,800 sq ft home offers numerous opportunities for investors and homeowners alike. Whether you're looking to keep it’s triplex living, rent by the room, explore renovations and the short-term rental market, or even redesign it as a custom single-family residence, the layout and location make it an ideal canvas for your vision. The

    Nick Bowen Keller Williams

    1920 Oliver Ave, Memphis, TN 38104
  • /2

    $13,500

    • Land
    • 0.12 Acre
    • $112,500 per Acre

    1538 Standridge St, Memphis, TN 38108

    Lot dimensions are 40x135, 0.124 acres, can accommodate up to a triplex. Professionally demolished, leveled, and ready for your ideas! Cash offers only, no contract assignments, and quick close preferred. Please do all due diligence before presenting an offer.

    Tyler Bowman Weichert, REALTORS-BenchMark

    1538 Standridge St, Memphis, TN 38108

Home Trends in Memphis, TN

Housing Trends

Median Sale Price
$205,000
Median Single Family Sale Price
$199,000
Median Townhouse Sale Price
$405,000
Median 2 Bedroom Sale Price
$150,000
Median 1 Bedroom Sale Price
$148,000
Average Price Per Sq Ft
$133
Number of Homes for Sale
2,395
Last 12 months Home Sales
6,691
Months of Supply
4.30
Median List Price
$209,900
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
8%
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