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    1304 Horace St Memphis, TN 38106

    New
    For Sale
    $349,000

    Apartment Building - Memphis, TN

    Days on Market:
    3
    Last Refresh:
    Dec 5 at 1:06 pm

    Property Features for 1304 Horace St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active

    Building Details

    Year built
    1960
    Architectural style
    Other

    Real Living McLemore & Co., REALTORS (901) 218-2976 [email protected]

    Listing agent Tony Lavelle (901) 701-7555

    Listing date Dec 3, 2025

    MLS# 10210791 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

    Turnkey Multifamily in Memphis, TN

    This is a turnkey 6-unit multifamily property, with all units configured as 2-bedroom, 1-bathroom apartments. The property is fully leased with new 12-month agreements in place. Its location provides tenants with convenient access to shopping, grocery stores, and transit lines. Major corridors, including I-240, and downtown Memphis are located just minutes away. The surrounding area is experiencing public infrastructure updates, enhanced streetscapes, and new commercial activity. This property is located in Memphis, Tennessee, with a postal code of 38106.
    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
    -90.0593544
    Latitude
    35.1118956

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    FAQs

    What type of property is this?
    Apartment building - Fully leased 6-unit apartment building with strong cash flow.
    Where is this apartment building located?
    The property is located at 1304 Horace St Memphis, TN.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: - Turnkey 6-unit multifamily property, ready for immediate income.; - Fully leased with new 12-month agreements in place.; - Strong cash flow with future rent optimization potential.
    (901) 701-7555
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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
    1304 Horace St Memphis, TN 38106
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