20-24 N Belvedere Blvd.
Memphis, TN 38104
The Offering
Summary
- Asking Price $1,395,000
- Number of Units 12
- Price per Unit $116,250
- Number of Buildings 2
- Number of Stories 2
- Land area 0.344 ac
- Year Built 1920
Updated 12-Unit Multifamily in Prime Medical Corridor Location
Located in the heart of Midtown Memphis, 20–24 N Belvedere Blvd presents a compelling investment opportunity in one of the city’s most dynamic rental corridors. This fully updated 12-unit property features a mix of studio, one-bedroom, and two-bedroom units, offering flexibility and appeal to a wide range of renters.
The property has recently operated as a successful short-term rental, capitalizing on its proximity to Memphis’ booming healthcare sector. The area is home to over 30,000 medical jobs, with major institutional investments underway—St. Jude Children's Research Hospital is investing $13 billion into campus expansion, creating 3,000 new jobs over the next several years, while Regional One Health has announced a $1 billion redevelopment of its medical center. This momentum makes the Belvedere property ideally positioned to serve the growing demand for both short- and long-term housing in the area.
Modern upgrades, a walkable neighborhood setting, and access to major employment centers make this a turnkey asset with strong current income and long-term growth potential.
Highlights:
- 12 fully updated units (studio, 1BR, and 2BR layouts)
- Proven short-term rental performance
- Located near major employers including St. Jude and Regional One
- Adjacent to over 30,000 healthcare jobs and two multi-billion-dollar expansions
- Strong long-term or short-term rental potential
- Walkable Midtown location near Overton Park, restaurants, and retail
5865 Ridgeway Center Pkwy Ste 300, Memphis, TN 38120
Phone 901-767-1998
TN Company License #256220
MS Company License #C-21186
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