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Triplex for Sale in Memphis, TN

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  • /27

    $370,000

    $5K PRICE DROP
    • 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
  • /2

    $13,500

    • Land
    • 5,227 Sq Ft
    • $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
  • /32

    $465,000

    $24K PRICE DROP
    • 5 Beds

    1954 Manila Ave, Memphis, TN 38114

    Great investment opportunity with income already in place! 1954 Manila Ave is a triplex featuring one 1 bedroom / 1 bath unit and two 2 bedroom / 1 bath units. Two units are currently tenant occupied, offering immediate rental income, while one vacant unit is available for showings — perfect for owner-occupants or investors looking to set their own rental rate. Convenient location with strong

    Brennan Bynum Keller Williams

    1954 Manila Ave, Memphis, TN 38114
  • /34

    $374,900

    • 10 Beds
    • 3,408 Sq Ft

    1577 Court Ave, Memphis, TN 38104

    Prime Midtown triplex — live in one, rent the other two! Located at 1577 Court Ave, this income-producing property sits in the middle of everything — minutes to Downtown Memphis, East Memphis, the interstate, and nearby shopping. Strong rental market, unbeatable location, and a built-in house hack opportunity make this one a must-see. Schedule your showing today!

    Caleb Parr Renshaw Company, REALTORS

    1577 Court Ave, Memphis, TN 38104
  • /8

    $165,000

    • 2 Beds
    • 1,804 Sq Ft

    1664 S Lauderdale St, Memphis, TN 38106

    Beautiful and freshly renovated tri plex in the South Memphis area with great rental income potential. Located in a mature area with access to public transportation and shopping while being centrally located. This Triplex is an investors dream. Come and lets check it out.

    Rodney Porter Assured Real Estate Services

    1664 S Lauderdale St, Memphis, TN 38106
  • /19

    $149,999

    $125K PRICE DROP
    • 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

    $242,000

    $62K PRICE INCREASE
    • 3 Beds
    • 2,225 Sq Ft

    2369 Lamar Ave, Memphis, TN 38114

    ** BACK ON THE MARKET AFTER BANK EVALUATION** New Price based on value analysis from a reputable bank! Seller will share valuation report with accepted offer! 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

    Jessica Wright Key Connect Group, LLC

    2369 Lamar Ave, Memphis, TN 38114
  • /18

    $340,000

    • 7 Beds

    1353 Harbert Ave, Memphis, TN 38104

    MIDTOWN TRIPLEX – FULLY RENOVATED & VACANT! High-demand 38114 location. All major systems are brand new: Plumbing, Electrical, & HVAC. Zero deferred maintenance! Features (1) 2BR/2BA unit and (2) 1BR/1BA units. Delivered fully vacant—optimize your rental income instantly. Includes property perks like a large backyard and rear off-street parking. Utilities: 2 gas, 1 electric. Perfect for savvy

    Taylor Shaw Grand Point Realty, LLC

    1353 Harbert Ave, Memphis, TN 38104

Home Prices in Memphis, TN

Home Price Trends

Median Sale Price
$206,000
Median Single Family Sale Price
$199,900
Median Townhouse Sale Price
$419,500
Median 2 Bedroom Sale Price
$126,000
Median 1 Bedroom Sale Price
$134,900
Average Price Per Sq Ft
$133
Number of Homes for Sale
2,622
Last 12 months Home Sales
6,568
Months of Supply
4.80
Median List Price
$210,000
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
6%
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