About This Home

This 0-bedroom, 0-bathroom multi-family at 1283 E RAINES Ave in Memphis, TN is listed for $1,186,000 ($83 per sqft). Built in 1964, the home offers 14,216 sqft of living space on a N/A lot.

Key Features

  • Built in 1964

Property Details

1964
Listing Description

1283 E. Raines is a 16-unit opportunity featuring 12 two-bedroom units and 4 one-bedroom units. The property offers central heating and air along with stoves and refrigerators in units. Conveniently situated just minutes from FedEx, UPS, the Memphis International Airport, and Graceland, the location benefits from strong employment drivers and steady rental demand. The scheduled monthly rents are 12895/mo. Please do not disturb residents, drive by only.

Monthly Cost Estimate

$6,343/mo

20% down · 6.5% · 30 years

Principal$858
Interest$5,139
Insurance$346

Estimates only. Actual payments may vary.

Location

1283 E RAINES Ave

Memphis, TN 38116

WHITEHAVEN 1ST ADDN

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 1283 E RAINES Ave is listed at $1,186,000 ($83/sqft). The estimated monthly payment is $6,343 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1964.

This property is listed by Jeffrey Moore.

JM

Jeffrey Moore

Agent at Crye Leike, Inc.

Listed by Crye Leike, Inc. · Broker phone: (901) 756-8900 · View on Broker Site · Broker website

MLS# 10229844· Source: Memphis Area Association of Realtors®· 52 days on PropertySimple

Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1283 E RAINES Ave, Memphis, TN 38116

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