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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Townhouse Investment Properties for Sale in Memphis, TN
Listed for sale 1 day ago
$ 395,000
ROI
22.8
Cash Flow/m
335- 2 Bed
- 3 Bath
- 1516 sft
448 Tennessee St, Memphis, TN, 38103
Listed for sale 2 days ago
$ 205,900
ROI
27.4Cash Flow/m
440- 2 Bed
- 3 Bath
- 1310 sft
3742 Charleston Square Dr, Memphis, TN, 38122
Currently Rented
Listed for sale 2 days ago
$ 131,000
ROI
25.5Cash Flow/m
209- 3 Bed
- 2 Bath
- 1579 sft
5798 Plum Valley Dr, Memphis, TN, 38141
Listed for sale 2 days ago
$ 139,000
ROI
26.6Cash Flow/m
266- 2 Bed
- 2 Bath
- 1088 sft
5720 Quince Rd APT 4, Memphis, TN, 38119
Why Invest in Memphis, Tennessee?
Townhouses in Memphis, TN offer strong investment potential with affordable entry points and steady rental demand. Investors benefit from cap rates around 8-10% and average rents near $1,400 monthly. Renter occupancy exceeds 50%, supported by job growth in logistics and healthcare. Annual appreciation hovers at 2-3%, with positive cash flow averaging $400 per unit. Housing inventory is rising, creating opportunities for value-add townhouse purchases.
9.5%
Avg. ROI
8.2%
Rental Yield
9.1%
Cap Rate
$420/mo
Avg. Cash Flow
$1420/mo
Avg. Rent
2.4%
1Y Appreciation
Frequently Asked Questions
Yes, townhouses offer high cap rates of 9% and strong cash flow due to 52% renter occupancy. Affordable prices around $200k entry make them accessible. Steady job growth sustains demand.
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