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.
For sale
$1,568,000
32 N Belvedere Blvd APT 3, Memphis, TN 38104
--beds
--baths
946sqft
:
Get pre-qualified$10,465/mo
Multi Family
Built in 1962
-- sqft lot
$-- Zestimate®
$1,658/sqft
$-- HOA
What's special
Units include parking
- 99 days |
- 89 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Tyler Tapley,
Crye-Leike, Inc., REALTORS 901-756-8900
Source: MAAR,MLS#: 10219684
Facts & features
Interior
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Washer in Unit, Dryer in Unit, Connections
Features
- Square Feet Source:AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
- Flooring: Tile
- Basement: Other (See Remarks)
Interior area
- Total interior livable area: 946 sqft
Property
Parking
- Parking features: Concrete
Features
- Stories: 1
Lot
- Size: 8,712 Square Feet
- Dimensions: .20
Details
- Parcel number: 017043 B00003
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick Veneer
- Roof: Built-Up,Flat
Condition
- Year built: 1962
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Belvedere Gardens
Location
- Region: Memphis
Financial & listing details
- Price per square foot: $1,658/sqft
- Tax assessed value: $57,800
- Annual tax amount: $1,219
- Date on market: 4/20/2026
- Cumulative days on market: 100 days
- Listing terms: Conventional
- Inclusions: Some Appliances
- Lease term: 12 Months
- Tenant pays: Some Utilities
Estimated market value
Not available
Estimated sales range
Not available
$950/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/20/2026 | Listed for sale | $1,568,000-2%$1,658/sqft |
Source:  MAAR #10219684 Report a problem | ||
| 3/20/2024 | Sold | $1,600,000+2571.1%$1,691/sqft |
Source: Public Record Report a problem | ||
| 4/1/2022 | Listing removed | -- |
Source: MAAR #10113999 Report a problem | ||
| 3/8/2022 | Price change | $59,900-9.1%$63/sqft |
Source: MAAR #10113999 Report a problem | ||
| 12/9/2021 | Listed for sale | $65,900$70/sqft |
Source: MAAR #10113999 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,219 +54.7% | $23,120 +93.3% |
| 2024 | $788 +8.1% | $11,960 |
| 2023 | $729 | $11,960 |
| 2022 | -- | $11,960 |
| 2021 | -- | $11,960 +53.3% |
| 2020 | $249 | $7,800 |
| 2019 | $249 -21.1% | $7,800 |
| 2018 | $316 -45.1% | $7,800 |
| 2017 | $576 +156.6% | $7,800 +18.2% |
| 2016 | $224 -36% | $6,600 |
| 2014 | $351 | $6,600 |
| 2013 | -- | $6,600 -33.5% |
| 2012 | -- | $9,920 -9.8% |
| 2011 | -- | $11,000 |
| 2010 | -- | $11,000 |
| 2009 | -- | $11,000 +1.9% |
| 2008 | -- | $10,800 |
| 2007 | -- | $10,800 |
| 2006 | -- | $10,800 |
| 2005 | -- | $10,800 -2.5% |
| 2004 | -- | $11,080 |
| 2003 | -- | $11,080 |
| 2002 | -- | $11,080 |
| 2001 | -- | $11,080 +7.4% |
| 2000 | -- | $10,320 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Midtown
Nearby schools
GreatSchools rating
- 8/10Idlewild Elementary SchoolGrades: K-5Distance: 0.6 mi
- 4/10Central High SchoolGrades: 9-12Distance: 0.9 mi
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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