1861 CORNING AVE Memphis, TN $ 700,000
1861 CORNING AVE
$ 700,000
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1861 CORNING AVE

Memphis, TN, 38127
$ 700,000
Bedrooms28 Baths14.0

Monthly Estimate*

$ 4,310

1861 CORNING AVE, Memphis, TN 38127 - Image 1

Multi-Family Home for sale in Memphis, TN

for $700,000 with 28 bedrooms and 14 full baths. This home was built in 1964.

Investment opportunity in North Memphis with immediate cash flow and value add potential. This property is currently stabilized and producing income, offering investors the opportunity to acquire an asset with upside through rent growth and continued management. Current rents are below market in several units, creating the potential to increase revenue over time while maintaining occupancy. Conveniently located near major employment corridors, retail amenities, and transportation routes. Ideal for investors seeking a cash flowing asset with the ability to improve returns through strategic rent adjustments and operational efficiencies. Financial information, rent roll, and additional property details available upon request.

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Multi-Family Active

Price

$ 700,000

Bedrooms

28

Full Bath

14

Property Type

Multi-Family

Taxes

$ 13,308

Style

Apartment Building

Year Built

1964

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10222979

Features
General
Roof Shingle/Shake
Construction Brick
Status Active Active
Legal Subdivision Name Kencor
Stories Count 2
County Shelby
Class Multi-Family
Laundry Y/N None
Type Apartment Building
Area 7250 Frayser - North
Sale/Rent For Sale
Status Detail 0
Year Built 1964
Directions From Downtown Memphis take Watkins St. north past Frayser Blvd. Turn right (east) onto Corning Ave. Continue east on Corning Ave to the property at 1861 Corning Ave on the right.
City Memphis
DOM 8
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Exterior
Foundation Slab
Number of Buildings 1
Lot Size 0.85
Parking Facility Asphalt/Blacktop
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Interior
Hot Water Other (See REMARKS)
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* Excluded Features
List By
Grand Point Realty, Llc

Broker

Affordability Calculator

$5,419
Per Month
80%
20%
0%
Monthly Principal & Interest
$4,310
Monthly Property Taxes
$1,109
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
Pricing History
DatePricePrice ChangeDescription
6/2/2026$700,000 Listed Price

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1861 CORNING AVE, Memphis, TN, 38127 is a Multi-Family Home for sale at $700,000. 1861 CORNING AVE has 28 bedrooms, 14.0 baths, and was built in 1964. The property's zip code is 38127 which is in Memphis, TN