Downtown Memphis Condo For
107 S Ct Ave, Memphis, TN 38103
Spacious 2-bedroom, 2-bath condo in the heart of Memphis.
Type:Business for Sale
Property size:
1,527 SFPrice / SF:
$147/SF- Added:
- Mar 9, 2026
- Days on Market:
- 76
- Last Refresh:
- Mar 19 at 10:01 pm
Property Features for 107 S Ct Ave
General Information
- Standard status
- Active
- Size
- 1,527 SF
- Property subtype
- Business for Sale
Listing agent Jordan Ray License #375004
Listing office eXp Realty, LLC
Listing date Mar 9, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty, LLC
HighLights
- Prime downtown Memphis location within walking distance of Beale Street, AutoZone Park, and the Fire Museum.
- Spacious 2‑bedroom, 2‑bath condo with 1,527 square feet.
- Move‑in ready condition, ideal for immediate occupancy.
- Features a beautiful skylight providing natural light.
- Suitable for first‑time buyers, seasoned investors, or those seeking city living.
- Virtual tour and video available for remote viewing.
Overview
Located in downtown Memphis, this condo features 2 bedrooms and 2 bathrooms within 1,527 square feet. The property benefits from natural light provided by a skylight. Situated within walking distance of Beale Street, AutoZone Park, and the Fire Museum of Memphis, the location offers convenient access to local attractions. The property is move-in ready and is being sold as-is. It is suitable for first-time buyers, investors, or those seeking a residence in an urban environment. The property is advertised as a short-term rental and residential income property.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$126.7K
NOI $11,402 @ 9.00% cap · cautious / downside scenario
Moderate
$162.9K
NOI $11,402 @ 7.00% cap · market / base-case scenario
Aggressive
$228.0K
NOI $11,402 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.2k | $14.52 |
| − Vacancy | −$1.4k | −$0.94 |
| EGI | $20.7k | $13.58 |
| − OpEx | −$9.3k | −$6.11 |
| NOI | $11.4k | $7.47 |
1,527 SF · lease $14.52/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$162.9K
$142.5K – $190.0K
NOI $11,402 @ 7.0% cap · market cap 5.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$451.3K
$394.9K – $526.5K
NOI $31,591 @ 7.0% cap · market cap 14.04%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Short term rental ...
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.0526848
- Latitude
- 35.1460292
Nearby Similar for Sale
FAQs
What type of property is this?
Short term rental property - Spacious 2-bedroom, 2-bath condo in the heart of Memphis.
Where is this short term rental property located?
The property is located at 107 S Ct Ave Memphis, TN.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Prime downtown Memphis location within walking distance of Beale Street, AutoZone Park, and the Fire Museum.; Spacious 2‑bedroom, 2‑bath condo with 1,527 square feet.; Move‑in ready condition, ideal for immediate occupancy.
