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3236 MILLINGTON RD Memphis, TN $ 5,500,000
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3236 MILLINGTON RD
$ 5,500,000
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3236 MILLINGTON RD

Memphis, TN, 38127
$ 5,500,000
Bedrooms136 Baths76.0 Sq 61,458

Monthly Estimate*

$ 34,728

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Multi-Family Home for sale in Memphis, TN

for $5,500,000 with 136 bedrooms and 76 full baths. This 61,458 square foot home was built in 1964.

Welcome to Urban Bayou Apartments! By far the nicest complex in this fast developing area. Immediate Cash Flow, turn key, garden style apartment complex. 76 units, 16 1 bedroom and 60 2 bedroom with a total of 10 buildings including a laundry facility and maintenance building. 1st floor units have tile flooring/2nd floor units have LVP. Currently 66 of the units are rented - fully rented potential is $61K monthly. On site office/property manager! Major upgrades in 2019 including new roof, HVAC, electrical, plumbing plus a total rehab of each unit. Recently HWH have been upgraded to tankless. Laundry facility is currently not in use but all owned equipment so it would profit $800 - 1500 per month. This is an incredible opportunity to invest in a turn key property but with room for improvements to boost its profitability even more.

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Multi-Family Active

Price

$ 5,500,000

Bedrooms

136

Full Bath

76

Property Type

Multi-Family

Taxes

$ 55,451

Style

Flat/Garden Units

Year Built

1964

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10225795
Features
General
Roof Flat Roll
Zoning RU-3
Construction Brick/Veneer
Amenities Balcony/Patio B-B-Q Pit/Area Leasing Office Maintenance Office Dumpster
Status Active Active
Legal Subdivision Name CRUTCHFIELD
Stories Count 2
County Shelby
Class Multi-Family
Laundry Y/N Common Laundry Equipment Owned
Type Flat/Garden Units
Area 724B Westside
Parcel Number 069033 00014C
Sale/Rent For Sale
Status Detail 0
Year Built 1964
Directions From 240 take Exit 2A for US-51 N / Danny Thomas Blvd. Continue north on US-51 N (Thomas St) for approximately 4 miles. Turn right onto Whitney Ave then make an immediate left onto Millington Rd. The
City Memphis
DOM 0
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Exterior
Foundation Laundry Facility Slab
Lot 1
Number of Buildings 10
Lot Size 225.85 X 355 IRR
Parking Facility Asphalt/Blacktop Secured
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Interior
Hot Water Electrical Individual System Public Sewer Public Water
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* Excluded Features
List By
Ware Jones, Realtors

Broker

Affordability Calculator

$39,348
Per Month
88%
12%
0%
Monthly Principal & Interest
$34,728
Monthly Property Taxes
$4,621
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
7/10/2026$5,500,000 Listed Price

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3236 MILLINGTON RD, Memphis, TN, 38127 is a Multi-Family Home for sale at $5,500,000 with 61,458 sqft. 3236 MILLINGTON RD has 136 bedrooms, 76.0 baths, and was built in 1964. The property's zip code is 38127 which is in Memphis, TN

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