# 736 RICHMOND Ave, Memphis, TN 38106

> **TL;DR:** multi-family, $299,900 ($77/sqft), built 1965, 3,888 sqft. Est. $1,603/mo. Listed 137 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $299,900 |
| Price/sqft | $77 |
| Square Feet | 3,888 |
| Year Built | 1965 |
| Property Type | Multi-Family (Apartment) |
| Status | For Sale |
| Days on Market | 137 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $1,516 |
| Estimated Insurance | $87 |
| **Total** | **$1,603** |

## Property Highlights

- Built in 1965

## Description

### Agent Description
Investor opportunity! Six unit multifamily property consisting of 6 2bed/1bath units with approximately 3,888 total square feet. Each unit has individual utilities, helping reduce owner expenses. Six units offer upside: 4 are currently under rented & 2 are vacant. There is immediate value add and potential to boost cash flow! Units #1, #3, and #5 have been renovated, adding to the property's appeal and rental potential. Unit #5 is rent ready, while Unit #2 was recently vacated and freshly painted. Unit #4 was renovated about two years ago and remains in good condition. Unit #6 has a long term tenant. Four units are equipped with gas wall heaters and two units feature newer hardwired electric heaters. *Current rents: Unit 1: $650, Unit 2: Vacant, Unit 3: $992 (Section 8), Unit 4: $600, Unit 5: Rent Ready, Unit 6: $525. Strong investment opportunity with value add potential.

## Location

- **Address:** 736 RICHMOND Ave, Memphis, TN 38106
- **County:** Shelby
- **Neighborhood:** GAITHER
- **Coordinates:** 35.111395, -90.037834
- **Google Maps:** https://www.google.com/maps?q=35.111395,-90.037834

## Listing Agent

- **Name:** Jonathan Nunez
- **Brokerage:** Fast Track Realty, LLC
- **Phone:** 9014538455

## Primary Photo

![736 RICHMOND Ave - Primary Photo](http://lh.rdcpix.com/f7490b8c322b491e69a34bc0a71e0698l-f2676678176r.jpg)

*17 total photos available on [listing page](https://www.propertysimple.ai/listing/736-richmond-ave-memphis-tn-38106-10217072)*

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**MLS#:** 10217072 | **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/736-richmond-ave-memphis-tn-38106-10217072)

---

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