5-Unit Apartment
New
For Sale
$389,900
710 Hastings St, Memphis, TN 38107
Five residential units and a separate office occupy a former church, with two-bedroom, one-bath layouts.
Property Size4,422 SF
Price / SF$88.17
Days on Market6
Property Features for 710 Hastings St
General Information
Standard status
Active
Size
4,422 SF
Property subtype
Residential Income
Additional Details
Average Monthly Rent
$745
Multifamily Units
5
Building Details
Year Renovated
2026
Listing Agency:
CB Properties of Memphis, LLC
Listed By:
Andrew Akins
(901) 277-6567
Source:
Exprealty
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:41PM
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 CB Properties of Memphis, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,422-square-foot apartment property contains five two-bedroom, one-bath units and an office in a former church. Renovation work was completed in 2026 and included updated kitchens, bathrooms, flooring, HVAC, and windows. The roof is less than five years old. The owner pays for water, while tenants are responsible for electric and gas service.
The property is in Memphis’s Historic Uptown Area, within Downtown Memphis. Nearby businesses, entertainment, landmarks, restaurants, and breweries are part of the surrounding area.
The property is in Memphis’s Historic Uptown Area, within Downtown Memphis. Nearby businesses, entertainment, landmarks, restaurants, and breweries are part of the surrounding area.
Key Highlights
- Five residential units plus a separate office
- Each apartment has two bedrooms and one bathroom
- 4,422 square feet in a former church
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,019
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,380
$660.4K
Cap Rate 7%
$471,700
$471.7K
Cap Rate 9%
$366,878
$366.9K
Market Conditions
NOI Build-Up for 4,422 SF
Gross rent
$64.2K $14.52/SF
− Vacancy
−$4.2K −$0.94/SF
EGI
$60.0K $13.58/SF
− OpEx
−$27.0K −$6.11/SF
NOI
$33.0K $7.47/SF
Area
Memphis, TN
Vacancy
6.50%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,380
Cap Rate 7%
$471,700
Cap Rate 9%
$366,878
Alternative Uses
Best Use
Apartment 5plus
$471.7K
$412.7K – $550.3K
NOI $33,019 @ 7.0% cap · market cap 8.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,482 @ 7.0% cap · market cap 23.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
586
Businesses Nearby
Explore this area
Business Placement
Demographics for 38107, TN
15,655
Population
8,093
Households
1.9
Avg Household Size
37
Median Age
24%
College-Educated
87%
High-School Grad
5.4 sq mi
ZIP Area
2,899
Density / Sq Mi
$36,393
Median Household Income
$34,958
Median Earnings
$999
Median Rent
$128,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Five residential units and a separate office occupy a former church, with two-bedroom, one-bath layouts.
Where is this apartment building located?
The property is located at 710 Hastings St Memphis, TN.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Five residential units plus a separate office; Each apartment has two bedrooms and one bathroom; 4,422 square feet in a former church
