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1283 E Raines Ave

Memphis, TN 38116
  • $1,236,000
  • STATUS: Active
  • ON SITE: 21 Days
  • MLS #: 10221886
UPDATED: 72 min ago
$1,236,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Description

1283 E. Raines is a 16-unit opportunity featuring 12 two-bedroom units and 4 one-bedroom units. The property offers central heating and air along with stoves and refrigerators in units. Conveniently situated just minutes from FedEx, UPS, the Memphis International Airport, and Graceland, the location benefits from strong employment drivers and steady rental demand. The scheduled monthly rents are 12895/mo. Please do not disturb residents, drive by only.

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© 2026 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Red Sea Realty Co LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2026-06-09T22:03:21.803.
www.redsearealtyco.com/homes/176633725
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1283 E Raines Ave Memphis, TN 38116

  • Price: $1,236,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 72 min ago
  • MLS #: 10221886
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1964
Built
Neighborhood:
WHITEHAVEN 1ST ADD
County:
Shelby
Area:
Whitehaven/Southland Mall
Property Description
1283 E. Raines is a 16-unit opportunity featuring 12 two-bedroom units and 4 one-bedroom units. The property offers central heating and air along with stoves and refrigerators in units. Conveniently situated just minutes from FedEx, UPS, the Memphis International Airport, and Graceland, the location benefits from strong employment drivers and steady rental demand. The scheduled monthly rents are 12895/mo. Please do not disturb residents, drive by only.
Exterior Features

Buildings 1 Construction Brick/VeneerWood/Composition Foundation Slab Land Sq Ft 21649 Lot Size 100X217 Parking Facility Asphalt/Blacktop Roof Composition

Interior Features

Appliances Equipment DishwasherRange/Oven (Built-In)Refrigerator Cooling Systems Central Floors And Ceilings Wood Laminate Floors Heating Systems Central Hot Water Electrical Improved Sq Ft 14216 Laundry None Leaseable Sq Ft 14216

Property Features

1 Bedroom Units 4 2 Bedroom Units 12 3 Bedroom Units 0 Actual Annual Rent 131529 Annual City Tax 9397 Annual County Tax 9795 Annual Insurance Expenses 8300 Assumption No Assumption Average Annual Utilities 3600 Efficiency Studio Units 0 Existing Financing Conventional Adjustable Gross Potential Annual Rent 166080 Legal Subdivision Name WHITEHAVEN 1ST ADDN Lot Number 5 Multifamily Type Apartment Building New Financing Conventional Operating Expenses InsuranceManagementRepairs/MaintenanceSome UtilitiesTaxes Other Units 0 Percent Occupancy 75 Possession Tenants Rights Sale Includes Building and Land Source Of Info Owner Tenant Pays Some Utilities Type Of Leases Year Type Of Units 1 BR - 1 Bath2 BR - 1 Bath

Listing information © 2026 Memphis Area Association of REALTORS®.
Listing provided courtesy of Crye-Leike Commercial: 901-758-5670.



© 2026 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Red Sea Realty Co LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2026-06-09T22:03:21.803.
 
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Red Sea Realty Co LLC
6812 Crumpler Blvd, Suite 104
Olive Branch MS, 38654