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    610 Poplar Ave Memphis, TN 38105

    Sponsored
    For Sale
    $850,000

    17-unit apartment building, adaptive reuse potential

    Property size:
    8,910 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 8,910 square foot, single-story apartment building in Memphis, TN, is situated on a half-acre lot (22,346 sq ft) at 610 Poplar Ave, zip code 38105. Built in 2002, the Class B property currently sits vacant and is offered at $850,000 ($50,000/unit, $95.40/sq ft). The building features 17 bedrooms, each with individual temperature controls, a large kitchen suitable for catering, two large offices, two communal areas, and a large restroom with multiple showers. The property includes an RTU-HVAC system and a sprinkler system. Zoned CMU (Commercial Mixed Use), it's located in multiple overlay districts, offering significant redevelopment potential. The property's location on busy Poplar Avenue near downtown Memphis provides high visibility and accessibility. This presents a unique opportunity for adaptive reuse, catering to a variety of commercial or residential needs. The property's size, amenities, and zoning flexibility make it an attractive investment for those seeking a high-impact property in a prime urban location. The Shelby County APN is 001123 00020.

    Property Features for 610 Poplar Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    8,910 SF
    Class
    B

    Building Details

    Year Built
    2002
    Buildings
    1
    Stories
    1
    Units
    17

    HighLights

    • 8,910 SF single‑story apartment building on a 0.5‑acre lot in Memphis, TN.
    • Offered at $850,000 ($95.40/SF, $50,000/unit).
    • 17 bedrooms, large kitchen, two offices, two communal areas, and a multi‑shower restroom.
    • Features RTU‑HVAC and sprinkler systems.
    • CMU zoning with redevelopment potential; located on Poplar Ave near downtown Memphis.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.039616
    Latitude
    35.1475162

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    FAQs

    What type of property is this?
    Multifamily property - 17-unit apartment building, adaptive reuse potential
    Where is this multifamily property located?
    The property is located at 610 Poplar Ave Memphis, TN.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: 8,910 SF single-story apartment building on a 0.5-acre lot in Memphis, TN.; Offered at $850,000 ($95.40/SF, $50,000/unit).; 17 bedrooms, large kitchen, two offices, two communal areas, and a multi-shower restroom.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    610 Poplar Ave Memphis, TN 38105
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