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Property profile

610 Poplar Ave Memphis, TN 38105

OFF-MARKET
Apartment buildings
8,910 SF Built 2002
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Property summary

AI-generated overview

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 profile

Verified
Property type Apartment buildings
Year built 2002
Total area 8,910 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

610 Poplar Ave Memphis, TN 38105
Memphis metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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