For sale

$1,538,000

3721 Millbranch Rd, Memphis, TN 38116

--beds

--baths

15,500sqft

$10,289/mo

Get pre-qualified

Multi Family

Built in 1969

-- sqft lot

$1,435,400 Zestimate^®

$99/sqft

$-- HOA

What's special

This 20 unit has all 2 bedroom units. The property has a long-established rental history and scheduled rents of approximately $15,500 per month .Located minutes from Memphis International Airport and major FedEx and UPS employment hubs, the property is positioned near some of Memphis' most significant employment activity. The retiring owner is ready to make a deal and has reduced the price to generate serious activity. This is an opportunity for an experienced investor

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Facts & features

Interior

Heating

Central

Cooling

Central Air

Appliances

Included: Refrigerator, Range/Oven (Freestanding), Electric Water Heater
Laundry: None

Features

Square Feet Source:AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
Flooring: Tile

Interior area

Total structure area: 15,500
Total interior livable area: 15,500 sqft

Property

Parking

Parking features: Asphalt/Blacktop

Features

Stories: 2

Lot

Size: 0.83 Acres
Dimensions: 431.65 x 171.17 IRR

Details

Parcel number: 078032 00001C

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick, Shake/Shingle
Foundation: Slab
Roof: Composition

Condition

Year built: 1969

Community & HOA

Community

Subdivision: Lonnie E. Robertw

Location

Region: Memphis

Financial & listing details

Price per square foot: $99/sqft
Annual tax amount: $8,514
Date on market: 10/1/2026
Cumulative days on market: 1 day
Listing terms: Other (Call LA)
Lease term: Month To Month,12 Months
Total actual rent: 204000
Tenant pays: Other (Call LA)

Estimated market value

$1,435,400

$1.36M - $1.51M

$959/mo

Price history

Date	Event	Price
10/1/2026	Listed for sale	$1,538,000-0.5%$99/sqft
Source: MAAR #10231572 Report a problem
8/24/2026	Listing removed	$1,546,000$100/sqft
Source: MAAR #10221400 Report a problem
5/12/2026	Listed for sale	$1,546,000+329.4%$100/sqft
Source: MAAR #10221400 Report a problem
6/30/2017	Sold	$360,000-5.3%$23/sqft
Source: MAAR #9985442 Report a problem
5/23/2017	Listed for sale	$380,000$25/sqft
Source: 4 Success Realty, LLC #9985442 Report a problem
4/20/2017	Listing removed	$380,000$25/sqft
Source: 4 Success Realty, LLC #9985442 Report a problem
2/28/2017	Listing removed	$450
Source: 4 Success Realty, LLC #9988708 Report a problem
1/24/2017	Listed for rent	$450
Source: 4 Success Realty, LLC #9988708 Report a problem
12/8/2016	Listed for sale	$380,000+8.6%$25/sqft
Source: 4 Success Realty, LLC #9985442 Report a problem
10/15/2016	Listing removed	$350,000$23/sqft
Source: 4 Success Realty, LLC #9985442 Report a problem
9/2/2016	Price change	$350,000+16.7%$23/sqft
Source: 4 Success Realty, LLC #9985442 Report a problem
9/1/2016	Listed for sale	$300,000-21.1%$19/sqft
Source: 4 Success Realty, LLC #9985442 Report a problem
12/25/2011	Listing removed	$380,000$25/sqft
Source: Owner #3219203 Report a problem
6/28/2011	Listed for sale	$380,000$25/sqft
Source: Owner #3219203 Report a problem
5/27/2011	Listing removed	$380,000$25/sqft
Source: Property Management Report a problem
3/30/2011	Listed for sale	$380,000$25/sqft
Source: Property Management Report a problem