About This Home

This 0-bedroom, 0-bathroom residential multi family at 32 N BELVEDERE Blvd #32-3 in Memphis, TN is listed for $1,533,000 ($1,621 per sqft). Built in 1962, the home offers 946 sqft of living space on a N/A lot.

Key Features

  • Built in 1962

Property Details

#32-3
1962
Listing Description

Investment Opportunity in Midtown Memphis! Seller is selling 19 individual units (42 total bedrooms & 19 bathrooms). Properties are professionally managed and seller is interested in a bulk sale buyer to buy all 19 doors. Monthly current rent is $17,410 per monthly and each individual unit has a $160 per monthly HOA fee.

There are five 3 bedroom units, thirteen 2 bedroom units, and 1 one bedroom unit at the properties. Units have been well maintained and only one unit is vacant as of April 2026. Seller continues to upgrade & repair existing inventory as needed. Three bedroom units are renting for as much as $1325 monthly and two bedrooms are renting for as much as $1200 monthly.

This could be a great addition to your rental portfolio. Existing management company is in place and will gladly continue to manage. Units include parking and washer/dryer connections on site. Stabilized pro forma is attached and included! ONLINE VIDEO AVAILABLE UPON REQUEST.

Monthly Cost Estimate

$8,199/mo

20% down · 6.5% · 30 years

Principal$1,109
Interest$6,643
Insurance$447

Estimates only. Actual payments may vary.

Location

32 N BELVEDERE Blvd #32-3

Memphis, TN 38104

BELVEDERE GARDENS

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 32 N BELVEDERE Blvd is listed at $1,533,000 ($1,621/sqft). The estimated monthly payment is $8,199 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1962.

This property is listed by Tyler Tapley.

TT

Tyler Tapley

Agent at Crye-Leike Realtors

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

MLS# 10219684· Source: Memphis Area Association of Realtors®· 194 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.

32 N BELVEDERE Blvd #32-3, Memphis, TN 38104

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