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229 N DUNLAP ST, Memphis, TN 38105

Memphis
Local realty services provided by:CENTURY 21 Home First Realtors
229 N DUNLAP ST,Memphis, TN 38105
$1,250,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: dylan andrews, curtis braden
Office: braden, braden & braden llc.
MLS#:10230922
Source:TN_MAAR

Price summary

  • Price:$1,250,000

About this home

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!

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Home facts

  • Year built:1956
  • Subdivision & Development:HOLMES
  • Listing ID #:10230922
  • Added:44 day(s) ago
  • Updated:November 06, 2026 at 12:29 PM

Rooms and interior

  • Flooring:Wood Laminate Floors

Heating and cooling

  • Cooling:1 Window Unit per Unit
  • Heating:Central

Structure and exterior

  • Roof:Shingle/Shake
  • Year built:1956
  • Foundation Description:Slab
  • Levels:1 Story

Finances and disclosures

  • Price:$1,250,000
  • Tax amount:$1,432
Listing content and images Copyright© 2026 Memphis Area Association of REALTORS®. Some or all of the listings displayed may not belong to the firm whose website is being visited. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it. TN_MAAR Member Broker: Connie Farina

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