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Real Estate Company
736 RICHMOND AVE, Memphis, TN 38106
- $265,000
- 3,888
- SqFt
- Sold Price
- $265,000
- List Price
- $299,900
- Closing Date
- Aug 21, 2026
- MLS#
- 3520501
- Days on Market
- 0
- Property Type
- Multifamily
- Sqft. of Residence
- 3,888
- County
- Shelby County
- Status
- CLOSED
Property Description
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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Additional Information
- Construction Type
- Brick
- Cooling System
- Other
- Laundry
- None
- Living Area
- 3,888
- Lot Dimensions
- 60 X 166-2/3
- Lot Number
- 2
- Roofing Material
- Other
- Subdivision
- Gaither
- Tax Amount
- $1,311
- Year Built
- 1965
- Type
- Multifamily
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Listing courtesy of Fast Track Realty. Selling Office: Amo Realty.
Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.