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1283 E RAINES AVE Memphis, TN $ 1,236,000
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1283 E RAINES AVE
$ 1,236,000
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1283 E RAINES AVE

Memphis, TN, 38116
$ 1,236,000
Bedrooms28 Baths16.0 Sq 14,216

Monthly Estimate*

$ 7,610

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Multi-Family Home for sale in Memphis, TN

for $1,236,000 with 28 bedrooms and 16 full baths. This 14,216 square foot home was built in 1964.

1283 E. Raines is a 16-unit opportunity featuring 12 two-bedroom units and 4 one-bedroom units. The property offers central heating and air along with stoves and refrigerators in units. Conveniently situated just minutes from FedEx, UPS, the Memphis International Airport, and Graceland, the location benefits from strong employment drivers and steady rental demand. The scheduled monthly rents are 12895/mo. Please do not disturb residents, drive by only.

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Multi-Family Active

Price

$ 1,236,000

Bedrooms

28

Full Bath

16

Property Type

Multi-Family

Taxes

$ 19,192

Style

Apartment Building

Year Built

1964

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10221886
Features
General
Roof Composition
Construction Brick/Veneer Wood/Composition
Status Active Active
Legal Subdivision Name WHITEHAVEN 1ST ADDN
Stories Count 2
County Shelby
Class Multi-Family
Laundry Y/N None
Type Apartment Building
Area 768A Whitehaven/Southland Mall
Parcel Number 079002 00006
Sale/Rent For Sale
Status Detail 0
Year Built 1964
Directions Take Raines (W) past Millbranch to 1283 E. Raines
City Memphis
DOM 9
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Exterior
Foundation Slab
Lot 5
Number of Buildings 1
Lot Size 100X217
Parking Facility Asphalt/Blacktop
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Interior
Hot Water Electrical
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* Excluded Features
List By
Crye-Leike Commercial

Broker

Affordability Calculator

$9,210
Per Month
83%
17%
0%
Monthly Principal & Interest
$7,610
Monthly Property Taxes
$1,599
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
460623 Elementary School
460624 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
5/18/2026$1,236,000 Listed Price

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1283 E RAINES AVE, Memphis, TN, 38116 is a Multi-Family Home for sale at $1,236,000 with 14,216 sqft. 1283 E RAINES AVE has 28 bedrooms, 16.0 baths, and was built in 1964. The property's zip code is 38116 which is in Memphis, TN

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