Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

932 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

6 Unit Apartment - Memphis, TN 784 Porter St 6 Unit Apartment Building $250,000 ($41,667/Unit) 7.44% Cap Rate Memphis, TN 38126

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Property is 3,200 SF, consisting of 6 units across 2 stories, and is a Class C construction/condition.
All units are 1 bed / 1 bath, with an average of approximately 533 SF each.
With 4 vacant units, this provides a significant opportunity for value-add investors.

Offered below replacement cost.
Recently renovated in 2023.
Once stabilized, this could be a reliable cash-flowing asset with MHA (Memphis Housing Authority) backing.

Executive Summary

Sands Investment Group is pleased to offer for sale a 3,200 SF, 6-unit apartment building at 784 Porter St in Memphis, TN. Each unit is 1 bedroom and 1 bathroom, averaging 533 SF. With 4 vacant units, this property is a great opportunity for value-add investors.

In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394

Property Facts

Price	$250,000	Building Class	C
Price Per Unit	$41,667	Lot Size	0.21 AC
Sale Type	Investment	Building Size	3,200 SF
Cap Rate	7.44%	Average Occupancy	20%
No. Units	6	No. Stories	1
Property Type	Multifamily	Year Built	1960
Property Subtype	Apartment Multifamily Manufactured Housing Mobile Home Park	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low-Rise
Zoning	I-L

Price	$250,000
Price Per Unit	$41,667
Sale Type	Investment
Cap Rate	7.44%
No. Units	6
Property Type	Multifamily
Property Subtype	Apartment Multifamily Manufactured Housing Mobile Home Park
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.21 AC
Building Size	3,200 SF
Average Occupancy	20%
No. Stories	1
Year Built	1960
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	I-L

Unit Amenities

Kitchen

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
Studios	5	-	-

Property Taxes

Parcel Number	01-1038-0-0011	Improvements Assessment	$30,720
Land Assessment	$5,760	Total Assessment	$36,480

Property Taxes

Parcel Number

01-1038-0-0011

Land Assessment

$5,760

Improvements Assessment

$30,720

Total Assessment

$36,480

(404) 459-6240

Contacts

Johnny Friberg
Jess Kappelman
Thomas Gorman
Sands Investment Group Atlanta, LLC

Listing ID: 38025268
Date on Market: 10/10/2025
Last Updated:
Address: 784 Porter St, Memphis, TN 38126

1 of 6

Videos

Matterport 3D Exterior

Matterport 3D Tour

Photos

Street View Street

Map

784 Porter St, Memphis, TN for sale Building Photo- Image 1 of 6 — Building Photo

784 Porter St, Memphis, TN for sale Building Photo- Image 2 of 6 — Building Photo

784 Porter St, Memphis, TN for sale Building Photo- Image 3 of 6 — Building Photo

784 Porter St, Memphis, TN for sale Building Photo- Image 4 of 6 — Building Photo

784 Porter St, Memphis, TN for sale Building Photo- Image 5 of 6 — Building Photo

1 of 1

Share This Listing

Still interested?