ALL 4 units rented! Total monthly income right now is $3200! The property is a duplex up front (Units 1 and 2) with two ADUs in the rear (3 & 4). Unit 4 was just rehabbed prior to lease. Unit 3 was just rehabbed when the tenant moved out last year according to owner. Units 1 & 2 were done in 2023 and 2024, so it's ready for several years of profitable ownership for you! Seller is selling to move funds to local market. No seller financing/assignable offers will be accepted. This 4-unit property is located just off of Summer Ave and Sam Cooper Blvd, just E of Midtown - it is proving to be a fantastic area for investors, with stable tenants for the price range, and nice room for appreciation. Small multifamily is rare here, so consider this one if you're interested at all! There may not be another chance for a while once it's gone! Owner pays utilities; rents include utilities payments by tenants. Do not disturb tenants.
Details
MLS #
10224308
Listing Type
For Sale
Sub-Type
Resale
Status
Active
Year
1925
Days On Site
113
Listing Provided By
Memphis Metro Realty | Randall Weatherall
Features
Story(s)
1
Units
4
Building(s)
3
Zoning
RU-1
Exterior
Roof
Shingle/Shake
Construction
Wood/Composition
Foundation
Conventional/Crawl Space
Parking
Parking Facility
Asphalt/Blacktop, Offsite/Street
Area Information
State
TN
County
Shelby
City
Memphis
Zip Code
38122
Area
Midtown | Holmes
Subarea
751B
Community Name
HIGHLAND HEIGHTS BLK 14
Listing VS Median (in HIGHLAND HEIGHTS BLK 14)
Price: $198,900
low | high
Med: $0
On site: 113
low | high
Med:
Sourced by Back At You
Market Activity 38122
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Sep 2026
Sales: 2
Avg $ Per SqFt: $
Min Sale Price: $62,000
Max Sale Price: $170,000
Med Sale Price: $116,000
Date: Aug 2026
Sales: 11
Avg $ Per SqFt: $
Min Sale Price: $80,000
Max Sale Price: $342,300
Med Sale Price: $125,000
Date: Jul 2026
Sales: 11
Avg $ Per SqFt: $
Min Sale Price: $55,000
Max Sale Price: $405,000
Med Sale Price: $260,000
Date: Jun 2026
Sales: 14
Avg $ Per SqFt: $
Min Sale Price: $50,000
Max Sale Price: $420,000
Med Sale Price: $192,500
Date: May 2026
Sales: 17
Avg $ Per SqFt: $
Min Sale Price: $20,000
Max Sale Price: $299,000
Med Sale Price: $115,000
Date: Apr 2026
Sales: 32
Avg $ Per SqFt: $
Min Sale Price: $90,000
Max Sale Price: $799,000
Med Sale Price: $180,000
Date: Mar 2026
Sales: 24
Avg $ Per SqFt: $
Min Sale Price: $90,000
Max Sale Price: $325,000
Med Sale Price: $142,500
Date: Feb 2026
Sales: 21
Avg $ Per SqFt: $
Min Sale Price: $34,000
Max Sale Price: $403,500
Med Sale Price: $150,000
Date: Jan 2026
Sales: 17
Avg $ Per SqFt: $65.99
Min Sale Price: $35,000
Max Sale Price: $349,000
Med Sale Price: $140,000
Date: Dec 2025
Sales: 10
Avg $ Per SqFt: $59.08
Min Sale Price: $82,000
Max Sale Price: $255,000
Med Sale Price: $127,500
Date: Nov 2025
Sales: 10
Avg $ Per SqFt: $101.04
Min Sale Price: $42,300
Max Sale Price: $315,000
Med Sale Price: $171,000
Date: Oct 2025
Sales: 12
Avg $ Per SqFt: $124.66
Min Sale Price: $76,000
Max Sale Price: $595,000
Med Sale Price: $162,500
Sourced by Back At You
Sep 2026
Sales:
2
Avg $ Per SqFt:
$
Min Sale Price:
$62,000
Max Sale Price:
$170,000
Med Sale Price:
$116,000
Aug 2026
Sales:
11
Avg $ Per SqFt:
$
Min Sale Price:
$80,000
Max Sale Price:
$342,300
Med Sale Price:
$125,000
Jul 2026
Sales:
11
Avg $ Per SqFt:
$
Min Sale Price:
$55,000
Max Sale Price:
$405,000
Med Sale Price:
$260,000
Jun 2026
Sales:
14
Avg $ Per SqFt:
$
Min Sale Price:
$50,000
Max Sale Price:
$420,000
Med Sale Price:
$192,500
May 2026
Sales:
17
Avg $ Per SqFt:
$
Min Sale Price:
$20,000
Max Sale Price:
$299,000
Med Sale Price:
$115,000
Apr 2026
Sales:
32
Avg $ Per SqFt:
$
Min Sale Price:
$90,000
Max Sale Price:
$799,000
Med Sale Price:
$180,000
Mar 2026
Sales:
24
Avg $ Per SqFt:
$
Min Sale Price:
$90,000
Max Sale Price:
$325,000
Med Sale Price:
$142,500
Feb 2026
Sales:
21
Avg $ Per SqFt:
$
Min Sale Price:
$34,000
Max Sale Price:
$403,500
Med Sale Price:
$150,000
Jan 2026
Sales:
17
Avg $ Per SqFt:
$65.99
Min Sale Price:
$35,000
Max Sale Price:
$349,000
Med Sale Price:
$140,000
Dec 2025
Sales:
10
Avg $ Per SqFt:
$59.08
Min Sale Price:
$82,000
Max Sale Price:
$255,000
Med Sale Price:
$127,500
Nov 2025
Sales:
10
Avg $ Per SqFt:
$101.04
Min Sale Price:
$42,300
Max Sale Price:
$315,000
Med Sale Price:
$171,000
Oct 2025
Sales:
12
Avg $ Per SqFt:
$124.66
Min Sale Price:
$76,000
Max Sale Price:
$595,000
Med Sale Price:
$162,500
MLS Number: 10224308
Randall Weatherall – (731) 487-5843
Memphis Metro Realty – (901) 352-6200
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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Memphis Area Association of Realtors.
