Active
1283 E Raines Rd, Memphis, TN 38116
Est: $7,931/moGet pre-approved
Multi FamilyProperty Type
0.50 acresLot Size
1964Year Built

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.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.
26 days on Market
  • Listed by: Jeffrey Moore • Crye-Leike Commercial
Last updated: 09/15/2026 09:32 AM • Source: MAARMLS, MLS#: 10229844

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Location

Listing Courtesy of Crye-Leike Commercial
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Payment Calculator

$7,931 per month

30 year fixed, 7.03% Interest

Principal and Interest

$6,332

Property Taxes

$1,599

HOA Dues

$0

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Property Information for 1283 East Raines Road

Property Details
  • Taxes: $19,192 / year
  • MLS Type: Multi-Family / Apartment Building
  • Area: 768A
  • MAAR Subdivision Name: WHITEHAVEN 1ST ADD
  • Legal Subdivision Name: WHITEHAVEN 1ST ADDN
Building Information
  • Stories: 2
  • Residences: 16
  • Year Built: 1964
  • Lot Size: 0.50 AC / 21,700 SF
Summary
Location and General Information
  • Address: 1283 E RAINES AVE
  • Address Search Number: 1283
  • Directions: Take Raines (W) past Millbranch to 1283 E. Raines
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Geo Quality: .95
  • Geo Update Timestamp: 09-04-2026
  • Geo Zoom Level: 18.00
  • Map Coordinate: A
  • MLS Map Num: Whitehaven/Southland Mall
Taxes and HOA Information
  • Hot Water: Electrical
  • LVT Date: 09-04-2026
  • Annual Insurance Expenses: $8,300
Property
Lot Information
  • Lot Size: 100X217
  • Lot Num: 5
  • Parcel ID: 079002 00006
Property and Assessments
  • Foundation: Slab
  • Percent Occupancy: 75
  • Service Type: Full Service Listing
Interior and Exterior Features
Exterior Features
  • Roof: Composition
Interior Features
  • Appliances / Equipment: Refrigerator, Range/Oven (Built-In), Dishwasher
  • Floors/Ceilings: Wood Laminate Floors
Multi Family
Multi-Family Information
  • Num of 1 Bedroom Units: 4
  • Num of 2 Bedroom Units: 12
  • Num of 3 Bedroom Units: 0
  • Num of Efficiency Studio Units: 0
  • Num of Buildings: 1
  • Num Other Units: 0
  • Assumption: No Assumption
  • Average Annual Utilities: $3,600
  • Construction: Brick/Veneer, Wood/Composition
  • Cooling Systems: Central
  • Existing Financing: Conventional Adjustable
  • Gross Potential Annl Rent: $166,080
  • Heating Systems: Central
  • Improved Sqft: 14216
  • Land Sqft: 21649
  • Laundry: None
  • Leaseable Sqft: 14216
  • Operating Expenses: Management, Insurance, Some Utilities, Repairs/Maintenance, Taxes
  • Parking Facility: Asphalt/Blacktop
  • Possession: Tenants Rights
  • Sale Includes: Building and Land
  • Source Of Info: Owner
  • Tenant Pays: Some Utilities
  • Type Units: 1 BR - 1 Bath, 2 BR - 1 Bath

Property History for 1283 East Raines Road

DateEvent & SourcePriceAppreciation
Sep 4, 2026

Listed (Active)

MAARMLS #10229844

$1,186,000—
Sep 2, 2026

Temporarily Off Market

MAARMLS #10221886

—
Aug 6, 2026

Price Change

MAARMLS #10221886

$1,186,000—
DateEvent & SourcePrice
09/04/2026

Listed (Active)

MAARMLS #10229844

$1,186,000
09/02/2026

Temporarily Off Market

MAARMLS #10221886

—
08/06/2026

Price Change

MAARMLS #10221886

$1,186,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1283 East Raines Road

Taxable ValueLand$9,760Additions$354,360Total$364,120
Tax Record2025$9,795 ($816 / month)
Home Facts
Baths1Total Finished SqFt14,216 SqFtAbove Grade Finished SqFt14,216 SqFtStories1Lot Size21,666 SqFtStyleMulti-Family Res (5+ Units)Year Built1964Year Renovated1964ZoningRU-3CountySHELBYAPN07-9002-0-0006

Schools near 1283 East Raines Road

This home is within Memphis-Shelby County Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Charter - 9 to 12
Charter - K to 8
Rating
School
Distance
Robert R. Church Elementary School
PublicPK to 5

A. Maceo Walker Middle School
Public6 to 8

Hillcrest High School
Charter9 to 12

Journey Coleman K-8
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

1283 East Raines Road is a multi-family home for sale in Memphis, TN 38116. This property was listed for sale on September 4, 2026 by Crye-Leike Commercial, it's currently listed at $1,186,000. It has been on the market for a total of 26 days and was last sold on August 15, 2024. This listing's school district is Memphis-Shelby County Schools. Nearby schools include Robert R. Church Elementary School, A. Maceo Walker Middle School and Hillcrest High School. 1283 East Raines Road is a 0-bed, 0-bath multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Crye-Leike Commercial

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Services of MAAR, Reelfoot Regional AOR and Central West Tennessee Association of Realtors. 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. Listings provided by brokerages other than Compass are identified with the MAAR, Reelfoot Regional AOR and Central West Tennessee Association of Realtors logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by MAAR, Reelfoot Regional AOR and Central West Tennessee Association of Realtors. Listing information Copyright© 2026 MLS of MAAR, Reelfoot Regional AOR and Central West Tennessee Association of Realtors, Inc. All Rights Reserved.