736 RICHMOND AVE Memphis, TN $ 320,000
736 RICHMOND AVE
$ 320,000
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736 RICHMOND AVE

Memphis, TN, 38106
$ 320,000
Bedrooms12 Baths6.0 Sq 3,888

Monthly Estimate*

$ 1,970

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Multi-Family Home for sale in Memphis, TN

for $320,000 with 12 bedrooms and 6 full baths. This 3,888 square foot home was built in 1965.

Investor opportunity! Six unit multifamily property consisting of 6 2bed/1bath units with approximately 3,888 total square feet. Each unit has individual utilities, helping reduce owner expenses. Six units offer upside: 4 are currently under rented & 2 are vacant. There is immediate value add and potential to boost cash flow! Units #1, #3, and #5 have been renovated, adding to the property’s appeal and rental potential. Unit #5 is rent ready, while Unit #2 was recently vacated and freshly painted. Unit #4 was renovated about two years ago and remains in good condition. Unit #6 has a long term tenant. Four units are equipped with gas wall heaters and two units feature newer hardwired electric heaters. *Current rents: Unit 1: $650, Unit 2: Vacant, Unit 3: $992 (Section 8), Unit 4: $600, Unit 5: Rent Ready, Unit 6: $525. Strong investment opportunity with value add potential.

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Multi-Family Active

Price

$ 320,000

Bedrooms

12

Full Bath

6

Property Type

Multi-Family

Taxes

$ 1,311

Style

Apartment Complex

Year Built

1965

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10217072

Features
General
Roof Other (See REMARKS)
Construction Brick
Status Active Active
Legal Subdivision Name GAITHER
County Shelby
Class Multi-Family
Laundry Y/N None
Type Apartment Complex
Area 747B South Memphis/61 Hwy
Parcel Number 025074 00036
Sale/Rent For Sale
Status Detail 0
Year Built 1965
Directions Get on I-40 W in Memphis from TN-14 S. Continue on I-40 W to College St. Take exit 28B from I-69. Take Bullington Ave and Mississippi Blvd to Richmond Ave. Destination will be on the right.
City Memphis
DOM 1
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Exterior
Foundation Other (See Remarks)
Lot 2
Number of Buildings 1
Lot Size 60 X 166-2/3
Parking Facility Concrete
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Interior
Hot Water Other (See REMARKS)
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* Excluded Features
List By
Fast Track Realty, Llc

Broker

Affordability Calculator

$2,080
Per Month
95%
5%
0%
Monthly Principal & Interest
$1,970
Monthly Property Taxes
$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
3/18/2026$320,000 Listed Price

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736 RICHMOND AVE, Memphis, TN, 38106 is a Multi-Family Home for sale at $320,000 with 3,888 sqft. 736 RICHMOND AVE has 12 bedrooms, 6.0 baths, and was built in 1965. The property's zip code is 38106 which is in Memphis, TN