218 MILL AVE Memphis, TN ^$ 249,000

218 MILL AVE

^$ 249,000

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218 MILL AVE

Memphis, TN, 38105

^$ 249,000

Bedrooms6 Baths3.0 Sq 1,760

Monthly Estimate*

^$ 1,553

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Multi-Family Home for sale in Memphis, TN

for $249,000 with 6 bedrooms and 3 full baths. This 1,760 square foot home was built in 1954.

This well-maintained triplex features two fully rented units, each generating $750/month in rental income, with the third unit currently vacant. Each unit has 2 bedrooms and 1 bath. This is perfect for increased rental income. Excellent opportunity for investors. Please do not disturb tenants. No showings without an accepted offer and proof of funds.

Multi-Family Pending

Price

^$ 249,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 1,027

Style

Triplex

Year Built

1954

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10206744

Features

General

Roof Composition

Construction Brick

Status Pending Pending

Legal Subdivision Name GREENLAW

Stories Count 1

County Shelby

Class Multi-Family

Laundry Y/N Connections

Type Triplex

Area 741C Harbor Town/Downtown

Parcel Number 001072 00012

Sale/Rent For Sale

Status Detail 0

Year Built 1954

Directions Take TN-385 W I-240 W and I-69 to US-51 N/N Danny Thomas Blvd in Memphis. Take exit 1D from I-40 W turn left on Mill Ave

City Memphis

DOM 34

Exterior

Foundation Other (See Remarks)

Lot C530&PT

Number of Buildings 1

Lot Size 50X149

Parking Facility Offsite/Street

Interior

Hot Water Other (See REMARKS)

* Excluded Features

List By

Renshaw Company, Realtors

Broker

Affordability Calculator

$1,639

Per Month

Monthly Principal & Interest: $1,553
Monthly Property Taxes: $86
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Memphis, TN

Average List Price ^$321,426

Percent of Sale Price 29%

About Memphis, TN

651,785 Population

-6% Since 2002

^$38,338 Median Income

35.39 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

460623 Elementary School

460624 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/1/2025	$249,000		Listed Price

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218 MILL AVE, Memphis, TN, 38105 is a Multi-Family Home for sale at $249,000 with 1,760 sqft. 218 MILL AVE has 6 bedrooms, 3.0 baths, and was built in 1954. The property's zip code is 38105 which is in Memphis, TN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Some or all of the listings displayed may not belong to the firm whose website is being visited.

The information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing.

Data is updated as of 11/6/2025.

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218 MILL AVE

Multi-Family Home for sale in Memphis, TN

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