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30111875
30111900

1531 Court Ave, Memphis, TN 38104

JR
TN 375004, MS S-59565
eXp Realty, LLC
Listed by eXp Realty, LLC
$370,000
116 days on market
Updated 20 days ago

Memphis High-performing Triplex

Details
APN 017-031- - -00011
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,580
Units 3
Pro-Forma Cap Rate 17.75%
Pro-Forma NOI $65,670
Price per SqFt $143
Class B
Stories 2
Acreage 0.180
Zoning Multifamily/Multiplex
Investment Type Stabilized
Ground Lease No

Multifamily | 3 Units | $124,333/unit | 662-642-1458!

Marketing description

Very solid multi-family investment opportunity in 38104! This property is currently configured & operating as a triplex, though it is zoned as a duplex, presenting a unique opportunity for investors. The 1st unit features 2 beds/2 baths, the 2nd unit offers 2 beds/1 bath, and the 3rd unit includes 1 bed/1 bath. The property is presently being utilized as a short-term rental, generating strong income potential. With multiple unit income streams & excellent revenue upside, this is a rare opportunity to acquire a high-performing investment property in the heart of Memphis. Opportunities like this don’t come around often—don’t miss your chance to secure a true cash-flowing asset. STR TENANT OCCUPIED, DO NOT DISTURB TENANTS. Drive by ONLY! No showings without an accepted contract. Make offers contingent on inspection. Don't miss this opportunity for a turnkey cashflow heavy multi-family property! Contact a local realtor and make your offer today!

Investment highlights

Very solid multi-family investment opportunity in 38104! This property is currently configured & operating as a triplex, though it is zoned as a duplex, presenting a unique opportunity for investors. The 1st unit features 2 beds/2 baths, the 2nd unit offers 2 beds/1 bath, and the 3rd unit includes 1 bed/1 bath. The property is presently being utilized as a short-term rental, generating strong income potential. With multiple unit income streams & excellent revenue upside, this is a rare opportunity to acquire a high-performing investment property in the heart of Memphis. Opportunities like this don’t come around often—don’t miss your chance to secure a true cash-flowing asset. STR TENANT OCCUPIED, DO NOT DISTURB TENANTS. Drive by ONLY! No showings without an accepted contract. Make offers contingent on inspection. Don't miss this opportunity for a turnkey cashflow heavy multi-family property! Contact a local realtor and make your offer today!

Listing Contacts

JR
TN 375004, MS S-59565
eXp Realty, LLC
Listed by eXp Realty, LLC

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Zoning

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RU-3(H) OverlayResidential Urban 3 Historic Overlay
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View all 168 uses
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Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Jordan Ray
License
375004
Brokerage
eXp Realty, LLC
Brokerage Phone
9015050756
Title
Realtor
Brokerage Address
8059 Stage Hills Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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