# 244 RICHMOND Ave, Memphis, TN 38106

> **TL;DR:** 2bd/2ba multi-family, $325,000 ($50/sqft), built 1940, 6,552 sqft. Est. $1,738/mo. Listed 1 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $325,000 |
| Price/sqft | $50 |
| Bedrooms | 2 |
| Bathrooms | 2 full |
| Square Feet | 6,552 |
| Year Built | 1940 |
| Property Type | Multi-Family (Duplex) |
| Status | For Sale |
| Days on Market | 1 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $1,643 |
| Estimated Insurance | $95 |
| **Total** | **$1,738** |

## Property Highlights

- Built in 1940

## Description

### Agent Description
Own 11 rental units on a single parcel, consisting of five duplexes and one detached single family home. This unique investment offers immediate cash flow with exceptional value add potential. The property includes ten 1 bedroom, 1 bath units with separate living rooms, kitchens, and bedroom. The sixth building has been converted into a single family residence, providing added flexibility. With renovations, improved management, and lease up efforts, a savvy investor can increase occupancy, raise rents, boost net operating income, and significantly enhance the property's value. Whether you're looking to expand your portfolio or build long term wealth, this is a rare opportunity to unlock strong cash flow and appreciation through strategic improvements.

## Location

- **Address:** 244 RICHMOND Ave, Memphis, TN 38106
- **County:** Shelby
- **Neighborhood:** S C LAW
- **Coordinates:** 35.111877, -90.053544
- **Google Maps:** https://www.google.com/maps?q=35.111877,-90.053544

## Listing Agent

- **Name:** Michael Valenza
- **Brokerage:** eXp Realty, LLC
- **Phone:** 9013357878

## Primary Photo

![244 RICHMOND Ave - Primary Photo](http://lh.rdcpix.com/3aa2d7640d41d49c353b72bf2d74993dl-f2392030946r.jpg)

*17 total photos available on [listing page](https://www.propertysimple.ai/listing/244-richmond-ave-memphis-tn-38106-10227066)*

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**MLS#:** 10227066 | **Updated:** 2026-08-02
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/244-richmond-ave-memphis-tn-38106-10227066)

---

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