ALMADURA APTS
About This Property for Sale
Marketing description
Discover an exceptional multifamily investment opportunity at 175 Stonewall St, Memphis, TN 38104. This iconic 48-unit apartment community is ideally located in the heart of Midtown, one of Memphis' most sought-after rental markets. Featuring a mix of studio, one-, and two-bedroom apartments, the property combines timeless historic architecture with strong income-producing potential.
Positioned just minutes from Downtown Memphis, the Medical District, Overton Square, and major employers, the property benefits from consistent rental demand driven by professionals, students, and residents seeking a vibrant urban lifestyle. Residents enjoy amenities including gated parking, controlled access, elevator service, on-site laundry, and pet-friendly accommodations.
Located within a designated Opportunity Zone, this asset offers investors the potential for tax advantages while presenting opportunities to increase value through continued renovations, operational efficiencies, and rental growth. Whether you're looking to expand your multifamily portfolio or acquire a landmark Midtown property with long-term appreciation potential, 175 Stonewall St is a rare opportunity in one of Memphis' strongest investment corridors.
Investment highlights
Historic Midtown Apartment Community – Well-known multifamily asset in the desirable Midtown/Evergreen Historic District, offering strong long-term investment appeal.
48-Unit Multifamily Property – Mid-rise apartment building with a mix of studio, one-bedroom, and two-bedroom units, providing diversified rental income.
Prime Infill Location – Minutes from Downtown Memphis, the Medical District, Overton Square, and major employers, with excellent walkability and convenient access to dining, shopping, and entertainment.
Opportunity Zone – Located within a designated Opportunity Zone, offering potential tax advantages for qualifying investors.
Value-Add Potential – Historic character combined with opportunities for continued renovations, operational improvements, and rental growth.
Attractive Amenities – Gated parking, elevator access, on-site laundry, controlled access, and pet-friendly community enhance tenant appeal.
Strong Rental Demand – Midtown continues to attract medical professionals, students, and young professionals seeking housing near employment centers and entertainment districts.
Architectural Character – Features original hardwood floors, high ceilings, French doors, and classic historic detailing that differentiate the property from newer apartment communities.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
