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Property profile & analytics
OFF-MARKET
Garden apartment buildings
1431 Latham St Memphis, TN 38106-4423
Individually Owned
Property ID
US80-0157441
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1966
Total area
2,480 SF
Lot
0.17 ac (7,231 SF)
Zoning code
R-6
APN
013-016- - -00010
UPID
US80-0157441
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Angel Oak Mtg Tr 2024 6 Mtg Backed
Angel Oak Mtg Tr 2024 6 Mtg Backed
since 2025
Last sale
$228,352
7 recorded transactions
Zoning & alternative use
R-6 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Memphis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Memphis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$1,854
Tax year 2022
Assessed value
$30,440
Assessed 2023
Previous assessed
$30,440
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$4,360
Assessed improvement
$26,080
Land market value
$10,900
Improvement market value
$65,200
Total market value
$76,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1966
Heating
FORCED AIR
Cooling
NONE
Stories
1
Units
4
Bathrooms
1
Total area
2,480 SF
Lot
0.17 ac (7,231 SF)
Zoning code
R-6
APN
013-016- - -00010
UPID
US80-0157441
Jurisdiction
SHELBY
Zoning & alternative use
R-6 · Memphis, TN
Zoning R-6 · permitted uses
R-6 · Memphis, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Memphis. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1966
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
4
Bathrooms
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Angel Oak Mtg Tr 2024 6 Mtg Backed
Individual
Mailing address
3225 MCLEOD DR #100, LAS VEGAS, NV 89121-2257
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2025
$228,352
Angel Oak Mtg Tr 2024 6 Mtg Backed
1431 Latham LLC
Trust Deed
related
—
Jun 24, 2022
$290,000
1431 Latham LLC
Azalia Apartments LLC
Warranty Deed
$217,500 · Imc Mortgage Corp
Apr 20, 2020
—
Azalia Apartments LLC
—
Deed
related
$72,000 · Bancorpsouth
Jan 15, 2020
$72,000
Azalia Apartments LLC
Mid-south Home Store LLC
Warranty Deed
$73,147 · Teresa Mackenzie
Nov 26, 2018
$41,000
Mid-south Home Store LLC
Us Bk NA Series 2007-sp1
Grant Deed
—
Apr 4, 2018
$35,167
Us Bank NA Series 2007-sp1 Tr
Mackie Wolf Zientz & Mann|emory,duane C & Cheryl
Trustees Deed
related
—
Sep 24, 2001
$45,000
Duane C Emory
Wilson Trust
Grant Deed
$40,500 · Gmac Mortgage Corp
—
—
Azalia Apartments LLC
—
Deed Of Trust
related
$72,000 · Bancorpsouth
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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