712 N FIFTH St Memphis, TN 38107
MULTI_FAMILY - Memphis, TN
- Added:
- Jun 22, 2026
- Days on Market:
- 21
- Last Refresh:
- Jul 12 at 1:06 am
Property Features for 712 N FIFTH 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
- 2249
Building Details
- Year built
- 1966
Listing agent Qazi Ahmad (901) 820-4367
Listing office Renshaw Company, REALTORS 5865 Ridgeway Ctr. Pkwy, #101, Memphis, TN (901) 820-4367
Listing date Jun 22, 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.
Investment Insights
Based on property information with market context.
The building is located at 712 N Fifth St in Memphis, TN 38107, within Shelby County. Current occupancy is supported by stated rental income of $2,718 per month from the three occupied units. Please note that tenants must not be disturbed, and there are no showings until an offer is accepted.
For buyers and operators seeking a turn-key residential income asset, this property offers a relatively recent renovation scope covering key building systems and finishes. With a mix of occupied Section 8 units and two vacant apartments, it may be well suited for investors looking to manage existing leases while bringing remaining units back online in the normal course of operations, subject to tenant turnover and leasing requirements.
Key Highlights
- Fully electric 5‑unit multifamily property (Year built 1966) with 3 occupied units generating $2,718/month rent
- Approximately 5 years ago, renovations included a new roof, HVAC systems, water heaters, and flooring
- Two units are leased through Section 8, with additional vacant units available to generate income
Local Financial Insights For Apartment 5plus
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 | $46.5k | $14.52 |
| − Vacancy | −$3.0k | −$0.94 |
| EGI | $43.5k | $13.58 |
| − OpEx | −$19.6k | −$6.11 |
| NOI | $23.9k | $7.47 |
