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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Townhouse Investment Properties for Sale in Memphis, TN
Currently Rented
Listed for sale 2 days ago
$ 125,000
ROI
26.9
Cash Flow/m
247- 2 Bed
- 2 Bath
- 1032 sft
1727 Ridge Oak Pl Unit 1723, Memphis, TN, 38120
Listed for sale 2 days ago
$ 215,000
ROI
21.3Cash Flow/m
93- 2 Bed
- 3 Bath
- 1440 sft
1694 Belvedere Ct #1694, Memphis, TN, 38104
Listed for sale 4 days ago
$ 168,000
ROI
32.0Cash Flow/m
570- 2 Bed
- 2 Bath
- 1172 sft
5845 Park Ave #5845, Memphis, TN, 38119
$ 312,000
ROI
28.1Cash Flow/m
724- 2 Bed
- 3 Bath
- 1426 sft
97 W Carolina Ave, Memphis, TN, 38103
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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