10-Bedroom Apartment
For Sale
$172,000
488 LACLEDE Ave, Memphis, TN 38126
Multi-Family, Memphis, TN
Property Size3,301 SF
Price / SF$52.11
Days on Market330
Property Features for 488 LACLEDE Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Subdivision
WASHINGTON HTS BLK 1
Standard status
Active
Size
3,301 SF
Taxes and HOA fees
Tax Annual Amount
344
Building Details
Year built
1912
Listing Agency:
C21 Patterson & Assoc. Real Es
(901) 701-1064
Listed By:
Christopher Batts · License #345922
(615) 571-2893
Added: Sep 28, 2025
Changed: Aug 23
Last Checked: Aug 23 at 9:06PM
MLS# 10206608
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This apartment building contains 3,301 square feet and was constructed in 1912. The property is configured as a 10-bedroom rooming house and is currently vacant. Tenants are identified as being on standby for occupancy.
The property is located at 488 Laclede Ave in Memphis, Tennessee, within ZIP code 38126 and Shelby County. Its apartment-building classification supports evaluation as a multifamily asset, while the existing rooming-house layout provides the primary physical configuration for review.
The property is located at 488 Laclede Ave in Memphis, Tennessee, within ZIP code 38126 and Shelby County. Its apartment-building classification supports evaluation as a multifamily asset, while the existing rooming-house layout provides the primary physical configuration for review.
Key Highlights
- 10‑bedroom rooming‑house configuration
- 3,301 square feet of building area
- Currently vacant
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
Explore this area
Business Placement
Demographics for 38126, TN
5,717
Population
3,260
Households
1.8
Avg Household Size
32
Median Age
14%
College-Educated
82%
High-School Grad
1.9 sq mi
ZIP Area
3,009
Density / Sq Mi
$30,825
Median Household Income
$32,396
Median Earnings
$794
Median Rent
$59,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Currently vacant, with tenants on standby.
Where is this apartment building located?
The property is located at 488 LACLEDE Ave Memphis, TN.
What is the asking price?
The asking price for this property is $172,000.
What are key features of this property?
This property features: 10‑bedroom rooming‑house configuration; 3,301 square feet of building area; Currently vacant
