520 N MCNEIL St, Memphis, TN 38112
- Added:
- Jun 16, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 16 at 5:06 pm
Property Features for 520 N MCNEIL St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Standard status
- Active
- Size
- 3,202 SF
Taxes and HOA fees
- Tax Annual Amount
- 1813
Building Details
- Year built
- 1922
Listing agent Linda Sowell (901) 277-4380
Listing office Sowell, Realtors 54 S Cooper St, Memphis, TN (901) 278-4380
Listing date Jun 16, 2026
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.
HighLights
- Fourplex built in 1922
- Fully occupied property near the Crosstown Concourse
Overview
The property is located at 520 N McNeil St in Memphis, Tennessee, in Shelby County. It is described as being near the Crosstown Concourse, placing it within an established Memphis area.
For buyers looking for a multi-unit residential property with current occupancy in place, this fourplex presents a simple structure: a single four-unit building that is already rented. Because the listing specifically states that the property is fully occupied, it may appeal to investors and owner-operators who want to avoid vacancy-based execution at the time of purchase. Please note that all details regarding unit layout, rent rolls, and any additional property improvements were not provided in the listing materials, so those items should be reviewed directly during underwriting and due diligence.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.1k | $12.84 |
| − Vacancy | −$2.5k | −$0.79 |
| EGI | $38.6k | $12.05 |
| − OpEx | −$11.6k | −$3.61 |
| NOI | $27.0k | $8.43 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.010253
- Latitude
- 35.152602
