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    1281 Lion St Memphis, TN 38107

    For Sale
    $355,000

    Apartment Building - Memphis, TN

    Days on Market:
    109
    Last Refresh:
    Dec 14 at 1:06 pm

    Property Features for 1281 Lion St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active

    Building Details

    Year built
    1945
    Architectural style
    Other

    KELLER WILLIAMS® (901) 261-7900 [email protected]

    Listing agent Jessica Niter (901) 261-7900

    Listing date Aug 28, 2025

    MLS# 10203527 Listing URL

    Copyright © 2025 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Apartment Building in Memphis

    This is a renovated 5-unit apartment building located in Memphis, TN. The property has been fully updated and offers a mix of well-designed units with modern finishes. Recent renovations include updated flooring, kitchens, and bathrooms, creating a move-in ready experience for tenants and minimal upkeep for the new owner. The property has strong rental potential with separate utilities and a low maintenance exterior. It is an ideal addition to an investment portfolio or a perfect opportunity for an owner-occupant looking for rental income. The property's potential cash flow is $5000.00 per month. This property can be included in a package deal with 943 N. Manassas St & 317 N. Manassas St and 964 Chelsea Ave.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0387333
    Latitude
    35.1764987

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    FAQs

    What type of property is this?
    Apartment building - Updated 5-unit apartment building with strong rental potential.
    Where is this apartment building located?
    The property is located at 1281 Lion St Memphis, TN.
    What is the asking price?
    The asking price for this property is $355,000.
    What are key features of this property?
    This property features: - Renovated 5-unit apartment building with modern finishes.; - Strong rental potential with $5,000 monthly cash flow.; - Updated flooring, kitchens, and bathrooms.
    (901) 261-7900
    Request Owner's contact information
    1281 Lion St Memphis, TN 38107
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1281 Lion St Memphis, TN 38107
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