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1935-1943 LAMAR AVE Memphis, TN $ 3,200,000
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1935-1943 LAMAR AVE
$ 3,200,000
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1935-1943 LAMAR AVE

Memphis, TN, 38114
$ 3,200,000
Bedrooms24 Baths32.0 Sq 29,212

Monthly Estimate*

$ 22,102

1935-1943 LAMAR AVE, Memphis, TN 38114 - Image 1
1935-1943 LAMAR AVE, Memphis, TN 38114 - Image 2
1935-1943 LAMAR AVE, Memphis, TN 38114 - Image 3

Multi-Family Home for sale in Memphis, TN

for $3,200,000 with 24 bedrooms and 32 full baths. This 29,212 square foot home was built in 1933.

Garden Court Apartments offer scale, location, and immediate cash flow with a clear roadmap to multiply current net revenue. Operating 32 units across 1.23 acres provides a formidable footprint in a corridor experiencing intense revitalization. The true prize lies in peace of mind: major foundation, plumbing, and electrical updates were completed under current ownership. A proven hybrid operation of short- and long-term rentals gives an investor the option to maximize either business models, capturing an unparalleled upside!

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Multi-Family Active

Price

$ 3,200,000

Bedrooms

24

Full Bath

32

Property Type

Multi-Family

Taxes

$ 12,131

Style

Apartment Complex

Year Built

1933

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10233497
Features
General
Roof Shingle/Shake
Construction Brick
Status Active Active
Legal Subdivision Name EDGEWOOD MANOR
County Shelby
Class Multi-Family
Laundry Y/N Common Laundry
Type Apartment Complex
Area 748B South Memphis/Glenview
Parcel Number 031104 00006 031104 00007
Sale/Rent For Sale
Status Detail 0
Year Built 1933
Directions Start south on S Parkway E and turn west on Southern Ave. turn southeast on Lamar Ave. and the complex is on the right
City Memphis
DOM 2
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Exterior
Foundation Conventional/Crawl Space Laundry Facility Storage Area
Lot 169-170
Number of Buildings 2
Lot Size 100/121.47 X 266/336
Parking Facility Asphalt/Blacktop
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Interior
Hot Water Electrical
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* Excluded Features
List By
Braden, Braden & Braden Llc

Broker

Affordability Calculator

$23,113
Per Month
96%
4%
0%
Monthly Principal & Interest
$22,102
Monthly Property Taxes
$1,011
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
460623 Elementary School
460624 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
10/30/2026$3,200,000 Listed Price

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1935-1943 LAMAR AVE, Memphis, TN, 38114 is a Multi-Family Home for sale at $3,200,000 with 29,212 sqft. 1935-1943 LAMAR AVE has 24 bedrooms, 32.0 baths, and was built in 1933. The property's zip code is 38114 which is in Memphis, TN

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