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Investment Highlights

  • Includes apartments, duplexes, and single family home on 1 parcel
  • Well kept & family owned
  • Near airport, Graceland, and major employers

Executive Summary

Whitehaven Oaks Apartments presents a rare opportunity to acquire a well-maintained, long-term family-owned multifamily community in one of Memphis' most established workforce housing markets.
Owned and personally managed by the same family for more than 20 years, the property has benefited from continuous capital improvements and hands-on stewardship. The asset includes 54 one-bedroom apartment homes, five income-producing duplexes along Millbranch Road, and a separate three-bedroom single-family residence, providing a diverse mix of income-producing units with stable occupancy and future upside through continued rent optimization.
Ideally located in Whitehaven, the property is just minutes from Memphis International Airport, the FedEx World Hub, and one of the Mid-South's largest employment corridors. Surrounded by nice residential neighborhoods with major employers including FedEx, Amazon, Nike, Williams-Sonoma, Medtronic, UPS, DHL, and numerous logistics and manufacturing companies nearby, Whitehaven Oaks benefits from consistent workforce housing demand supported by a mature and diverse employment base.
The combination of strong location with school and library in walking distance along with proven ownership, and long-term investment in the property creates an exceptional opportunity for investors seeking reliable cash flow with future appreciation potential.

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Property Facts

Price $3,400,000
Price Per Unit $52,308
Sale Type Investment
No. Units 65
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 3.42 AC
Building Size 58,800 SF
Average Occupancy 100%
No. Stories 2
Year Built 1973
Parking Ratio 2.13/1,000 SF
Zoning RU-3

Amenities

Unit Amenities

  • Dishwasher
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Laundry Facilities
  • Trash Pickup - Curbside
  • Individual Locking Bedrooms
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 54 - 604 - 650
2+1 2 - 950
3+2 1 - 1,100
1+1 8 - -
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
07-9009-0-0003C
Land Assessment
$105,640
Improvements Assessment
$404,400
Total Assessment
$510,040
  • Listing ID: 41774577

  • Date on Market: 8/17/2026

  • Last Updated:

  • Address: 4179 Millbranch Rd, Memphis, TN 38116

Contact the Sale Advisor

Whitehaven Oaks Apartments | 4179 Millbranch Rd

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