Condo Investment Properties for Sale in Memphis, TN
181- 1 Bed
- 1 Bath
- 848 sft
232- 1 Bed
- 1 Bath
- 667 sft
577- 1 Bed
- 1 Bath
- 959 sft
440- 3 Bed
- 3 Bath
- 1667 sft
Why Invest in Memphis, Tennessee?
Memphis condo investments offer strong potential for steady cash flow in a market with increasing inventory and affordable entry points. The city's rental demand supports reliable yields, bolstered by modest home value appreciation projected at 0.9% into 2026. With median home values around $198k-$247k, condos provide accessible opportunities for investors targeting cap rates near 7-9%. Renter-occupied housing remains high at about 50%, driven by stable employment and migration trends. Overall, Memphis stands out for its slow but positive recovery, ideal for long-term holds.
Frequently Asked Questions
Yes, with projected 0.9% appreciation and strong rental yields around 7%, condos offer steady returns. Increasing inventory provides buying opportunities. Stable demand from renters makes them resilient.
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