Financial
Distress signals
Property profile

285 Lucy Ave Memphis, TN 38106

FOR SALE
Garden apartment buildings
Property ID
US80-1404862
2,500 SF 0.14 ac lot Built 1960
Last sale Feb 2026 · $293,000
Individually Owned Owner of record is an individual.
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Property summary

AI-generated overview

This renovated four-unit residential property (fourplex) is located in Memphis, Tennessee. The building contains four separate units: two units were occupied under Section 8 arrangements and two additional units were vacant for showings at the time of the listing. The property underwent renovations completed in 2023, including painting of the roof, exterior, and interior areas. Interior finishes include updated laminate flooring, renovated kitchens and bathrooms, and installation of new light

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$819
Tax billed · 2022
Assessed value · 2023$13k
Assessed land$4k
Assessed improvement$10k
Effective rate6.09%

Value estimate

· Sep 2026
$340k
$306k – $374k
AI approach$340k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$69/SF
ZIP average, outlier-cleaned · 47 recorded sales of this use type
Observed band · Q1–Q3$35 – $98

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R-6
R-6, R-3, RU-1, RU-2, RU-3, RU-4, RU-5 and RW), with the exception of Community Supported Agriculture. 2. Neighborhood gardens shall: a. ...
General categoryRESIDENTIAL
JurisdictionSHELBY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency23.7
Law Firm20.1
Dental Office15.3

Location

285 Lucy Ave Memphis, TN 38106
County assessor Recorded deeds · 11 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1431 Latham, Memphis, TN 38106-4423 $228,352 May 2025 2,480 SF
1235 Latham, Memphis, TN 38106 $215,950 Apr 2025 2,400 SF
376 Mclemore, Memphis, TN 38106-2932 $65,000 Feb 2025 2,600 SF
760 Richmond, Memphis, TN 38106-4641 $219,578 Feb 2025 2,650 SF
1339 Mclemore, Memphis, TN 38106-3403 $225,395 Jan 2025 2,736 SF
1493 Gaither, Memphis, TN 38106-5748 $305,000 May 2024 2,850 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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