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    487 Williams Ave Memphis, TN 38126

    For Sale
    $379,000

    Apartment Building - Memphis, TN

    Days on Market:
    30
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 487 Williams Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active

    Building Details

    Year built
    1964
    Architectural style
    Other

    KAIZEN Realty (901) 221-4041 [email protected]

    Listing agent Jeremy Veldman (901) 221-4041

    Listing date Nov 6, 2025

    MLS# 10197300 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

    Memphis Apartment Building with Potential

    This six-unit apartment building in Memphis, Tennessee, presents a significant opportunity. The owner has invested approximately $140,000 in renovations during their ownership, including refurbishing all six units and replacing the sewer in March 2025. Currently, two units are rented, two units are in the process of being vacated, and two units are vacant and ready for occupancy. Wall heaters require repair or replacement. The building is being sold 'as is.' Leases, rent rolls, and maintenance records are available upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0457393
    Latitude
    35.1223102

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    FAQs

    What type of property is this?
    Apartment building - Six-unit apartment building in Memphis, Tennessee, with renovation potential.
    Where is this apartment building located?
    The property is located at 487 Williams Ave Memphis, TN.
    What is the asking price?
    The asking price for this property is $379,000.
    What are key features of this property?
    This property features: - Six-unit apartment building with income potential.; - Approximately $140,000 in renovations completed by the owner.; - Sewer line replaced (March 2025).
    (901) 221-4041
    Request Owner's contact information
    487 Williams Ave Memphis, TN 38126
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    Memphis, TN 38126
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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
    487 Williams Ave Memphis, TN 38126
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