$1,250,000

229 N DUNLAP ST, Memphis TN, 38105

Price per sqft$299.33

Built in1956

Property size4,176 sqft

Property typeCommercial

Overview

Active

Listed Sep 22, 2026

Updated 5 days ago

Includes adjacent parcel # 051006 00011 (0.17 Ac) Positioned across from Le Bonheur Children’s Hospital, these two adjacent lots feature a 9-unit, 4,176 sq ft apartment building on 23,958 sq ft of total land, plentiful for developing more units, designated parking, etc. All units are 1B/1Ba, with 8/9 renovated and currently rented at $500 and $650, allowing for immediate cash flow and opportunity to continue forcing appreciation while increasing rents. Renovated units have new breakers, cabinetry, central heat, electric utilities, LVP flooring, PEX plumbing, tile tub surround, toilets, vanities, water heaters, windows, and a firewall between every 3 units, with the roof being replaced 4-5 years ago. With over $1.3B of healthcare improvement projects through 2031 in the Medical District, this investment is ideal for capitalizing in a rapidly growing area!

Additional information

MLS^® ID: 10230922

Interior Features

Bedrooms: 9
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.37 Acres

Listed by Dylan Andrews with Braden, Braden & Braden LLC
Listing Contact: 423-544-7503

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Data last updated on 9/29/2026 at 8:50 PM UTC