736 Richmond Avenue

Memphis TN 38106

3888 sq. ft.

Multi-Family

Last sold for $265,000

Jonathan Nunez, last sold this property on 21 August 2026 after 155 days on market.

Overview

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.

Features

12 bedrooms

3888 sq. ft. floor area

Multi-Family

Estimated Value

We need at least 3 similar 12 bedroom multi families sold in Memphis over the last 12 months.

Property history for 736 Richmond Avenue

2026

Sold

$265,000

21 Aug 2026 by Jonathan Nunez, of Fast Track Realty, LLC

2022

Sold

Undisclosed

18 May 2022

Happy sellers in Memphis

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