For Sale
$4,100,000

2342 Parkway PlMemphis, TN 38112

Added:
Dec 11, 2024
Days on market:
114

Highlights

  • 32-unit Class A multifamily property in Midtown Memphis, recently renovated.
  • Prime location near Overton Park, Overton Square, and major employment centers including the Medical District and Downtown CBD.
  • 2022 full-scale renovation with updated interiors (cabinetry, countertops, appliances, baths) and exteriors (roof, windows, parking, landscaping).
  • 92% occupancy with average rent of $1,072 ($1.65/SF).
  • Offered at $4,100,000 ($128,125/unit), presenting significant upside potential due to below-market rents.

Property Details for 2342 Parkway Pl

Property type
Apartment buildings
Square Feet
20,924 SF
Year Renovated
2022
Buildings
3
Stories
2
Lot Size (sq. ft)
44,431 SF
Units
32

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.1495485
Longitude
-89.9811404
2342 Parkway Pl, Memphis, Tennessee

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2342 Parkway Pl
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