3468 Bowen Ave, Memphis, TN 38122
- $199,900
- List Price
- $199,900
- MLS#
- 10224308
- Property Type
- Multifamily
- Lot Size
- 50X200
- Status
- ACTIVE
Property Description
3 of 4 units rented! Rent is $650/month for all units, plus each tenant pays $150/month towards utilities. The property is a duplex up front (Units 1 and 2) with two ADUs in the rear (3 & 4). Unit 4 was just rehabbed and is ready for leasing now. Unit 3 was just rehabbed when the tenant moved out last year according to owner. Units 1 & 2 were done in 2023 and 2024, so it's ready for several years of profitable ownership for you! Seller is selling to move funds to local market. No seller financing/assignable offers will be accepted. This 4-unit property is located just off of Summer Ave and Sam Cooper Blvd, just E of Midtown - it is proving to be a fantastic area for investors, with stable tenants for the price range, and nice room for appreciation. Small multifamily is rare here, so consider this one if you're interested at all! There may not be another chance for a while once it's gone!
/u.realgeeks.media/groomeco/80A47C59-046D-46CD-9C72-A24626F920A1.jpeg)
Additional Information
- Actual Annual Rent
- 23400
- Annual City Tax
- 876
- Annual County Tax
- 914
- Construction
- Wood/Composition
- Foundation
- Conventional/Crawl Space
- Hot Water
- Gas, Public Sewer, Public Water
- Legal Subdivision
- Highland Heights Blk 14
- Lot
- W PT 13
- Lot Size
- 50X200
- New Financing
- Conventional, Private
- Occupancy
- 75
- Parking Facility
- Asphalt/Blacktop, Offsite/Street
- Roof
- Shingle/Shake
- Stories
- 1.1
- Subdivision
- HIGHLAND HEIGHTS BLK 14
- Subtype
- Other (See REMARKS)
- Tenant Pays
- Some Utilities
- Year Built
- 1925
Mortgage Calculator
Listing courtesy of Memphis Metro Realty.
Some or all of the listings displayed may not belong to the firm whose website is being visited
Copyright© 2026 Memphis Area Association of REALTORS®. The information provided is for the consumer's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.