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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
$ 250,000
ROI
28.1
Cash Flow/m
579- 2 Bed
- 3 Bath
- 1200 sft
1625 Monroe Ave APT 4, Memphis, TN, 38104
Listed for sale 2 days ago
$ 199,900
ROI
29.6Cash Flow/m
549- 2 Bed
- 3 Bath
- 1275 sft
1867 Jefferson Ave #1867, Memphis, TN, 38104
$ 115,000
ROI
25.4Cash Flow/m
182- 3 Bed
- 3 Bath
- 1672 sft
4037 Graham Oaks Ct #30, Memphis, TN, 38122
Fix & Flip
$ 115,000
ROI
25.8Cash Flow/m
192- 3 Bed
- 2 Bath
- 1769 sft
3904 Glencoe Dr, Memphis, TN, 38115
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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