Townhouse Investment Properties for Sale in Memphis, TN
Listed for sale 1 day ago
$ 219,900
ROI
28.3
Cash Flow/m
521- 3 Bed
- 2 Bath
- 1625 sft
748 Hedgegrove Dr #4803, Memphis, TN, 38117
Listed for sale 2 days ago
$ 140,000
ROI
26.3Cash Flow/m
256- 3 Bed
- 3 Bath
- 1536 sft
3798 Fern Ridge Rd, Memphis, TN, 38115
Listed for sale 2 days ago
$ 219,860
ROI
26.3Cash Flow/m
397- 2 Bed
- 2 Bath
- 1350 sft
698 Hotchkiss Ln, Memphis, TN, 38104
Listed for sale 2 days ago
$ 219,860
ROI
30.3Cash Flow/m
646- 2 Bed
- 2 Bath
- 1350 sft
697 S Belvedere Blvd, Memphis, TN, 38104
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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