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261 KEEL AVE Memphis, TN $ 784,000
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261 KEEL AVE
$ 784,000
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261 KEEL AVE

Memphis, TN, 38107
$ 784,000
Bedrooms16 Baths8.0 Sq 5,616

Monthly Estimate*

$ 4,950

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Multi-Family Home for sale in Memphis, TN

for $784,000 with 16 bedrooms and 8 full baths. This 5,616 square foot home was built in 1968.

This 8-unit opportunity is located north of downtown in the Uptown area.St. Jude's huge expansion continues to create an increased demand for housing in the area. All units are 2BR's with stoves, refrigerators, washers and dryers. The scheduled monthly rents are 6,570. Rents are below market due to over 20 years of ownership. This provides an opportunity to increase rents without major capital improvements. The retiring owner is ready to do a deal with a serious buyer. Drive by only, please

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Multi-Family Active

Price

$ 784,000

Bedrooms

16

Full Bath

8

Property Type

Multi-Family

Taxes

$ 1,748

Style

Apartment Building

Year Built

1968

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10231609
Features
General
Roof Composition
Construction Brick/Veneer
Status Active Active
Legal Subdivision Name GREENLAW
Stories Count 2
County Shelby
Class Multi-Family
Laundry Y/N Washer in Unit Dryer in Unit
Type Apartment Building
Area 741C Harbor Town/Downtown
Parcel Number 001084 00001C
Sale/Rent For Sale
Status Detail 0
Year Built 1968
Directions From Downtown Take AW Willis (E) to 5th Street. Go (N) on 5th Street to Keel. Property is on the southeast corner of Keel and 5th
City Memphis
DOM 0
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Exterior
Foundation Slab
Lot 214&215
Number of Buildings 1
Lot Size 98.750X148.5
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

$5,096
Per Month
97%
3%
0%
Monthly Principal & Interest
$4,950
Monthly Property Taxes
$146
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
10/2/2026$784,000 Listed Price

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261 KEEL AVE, Memphis, TN, 38107 is a Multi-Family Home for sale at $784,000 with 5,616 sqft. 261 KEEL AVE has 16 bedrooms, 8.0 baths, and was built in 1968. The property's zip code is 38107 which is in Memphis, TN

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