We Buy Houses Memphis Tennessee: Scaling Our Portfolio With a $390k 3-Property Bundle

Spencer Shadrach

Spencer Shadrach

June 26, 2026

In real estate, there is a massive difference between buying properties one by one and learning how to spot packages.

If you want to scale your rental portfolio without spending years chasing individual single-family listings, you have to look for creative setups. I’m currently closing on a 3-property bundle here in Memphis for $390,000, and it is the perfect example of how unconventional properties hold the highest upside.

Here is a look behind the scenes of this deal, the numbers driving it, and why this specific layout is an investor's dream.


The Setup: One Lot, Three Cash Streams

This isn't your average cookie-cutter rental setup. The bundle consists of a main single-family house with two detached units sitting right in the backyard. Think of them as tiny homes, accessory dwelling units (ADUs), or mother-in-law suites.

[ Main House ] ─── Full-size single-family rental
      │
      ├─── [ Detached Unit A ] ─── Tiny home / ADU
      │
      └─── [ Detached Unit B ] ─── Tiny home / ADU

Why is this layout such a powerhouse for an investor?

  • Lower Overhead: You are managing three streams of income, but you have a highly centralized footprint. Yard maintenance, localized roofing/siding coordination, and property oversight are all concentrated in one spot.
  • Built-in Risk Mitigation: If a tenant moves out of a standard single-family home, your vacancy rate for that property hits 100% instantly. With a three-unit setup, if one person leaves, you still have two other tenants keeping the property cash-flow positive while you turn the vacant unit.

Diving Into the Numbers

Right now, the bundle is generating $2,000 a month in total rent.

At a $390,000 purchase price, we are stepping into an asset that already has an established operational history. As we wrap up the final closing steps, our team will be auditing the current lease structures, looking at utility splits (ensuring separate meters or optimizing how utilities are managed), and mapping out where we can add value to maximize the monthly yield.

When you purchase a bundle like this, you aren't just buying brick and mortar; you're buying an immediate business footprint.


Looking to Sell Your Multi-Family or Portfolio?

Deals like this happen because we specialize in buying multi-family setups, portfolio bundles, and unique multi-unit properties directly from owners who are ready to transition their capital.

If you own a duplex, triplex, fourplex, or a package of scattered-site rentals in the Memphis area and are thinking about selling your house in Memphis—whether you want a fast cash close or simply want to avoid the hassle of putting it on the open market—let's connect. We buy houses in Memphis, Tennessee, and we take them exactly as they are, in any condition.

Let's talk about your property:

📞 Call or Text: (901)-979-9848

Stay tuned as we wrap up this closing and break down the rehab and stabilization process in the coming weeks!

Spencer Shadrach

About the Author

Spencer Shadrach

Spencer Shadrach Founder, Spencer Buys Houses | Memphis, TN Spencer Shadrach has been buying homes across Memphis, Shelby County, and the Mid-South for over 10 years — 400+ transactions closed, BBB A+, 4.9★ across 113 Google reviews. He lives and invests in the Memphis market.