1535 Vance Ave Memphis, TN 38104
- Residential income homes
- 4,500 SF
- 0.26 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 1535 Vance Ave
- Year built
- 1926
- Lot size
- 0.26 lot acres
- Property size
- 4,500 SF
- Property type
- Residential income homes
- Property subtype
- Dormitories
- APN
- 0160260010
Description
This attractive 3-unit multifamily property, located at 1535 Vance Ave in Memphis, Tennessee, presents a compelling investment opportunity. Built in 1926, this 2-story, clinker-style brick veneer building sits on a 0.258-acre lot (APN 0160260010) and boasts approximately 4,556 square feet of net rentable space. The property is currently vacant, with an occupancy date of October 31, 2024. The layout includes a large first-floor unit featuring a living room with fireplace, dining room, breakfast room, kitchen, pantry, four bedrooms, and one bathroom. The second floor comprises two separate one-bedroom, one-bathroom units, each with its own kitchen and den/dining area, and a shared rear entrance, plus a separate dedicated front entrance for each. A large floored attic provides ample storage space. The property is zoned R6-H and benefits from its proximity to major institutions: 2.6 miles to Rhodes College, 5.2 miles to the University of Memphis, and 3.8 miles to St. Jude Children's Hospital. Annual property taxes total $8,273.90 ($4,014.70 City of Memphis, $4,259.20 Shelby County). This fee-simple ownership offers significant potential for owner-users or investors seeking a strong foothold in the vibrant Midtown Memphis market. The asking price is $429,500.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.010037534326
- Latitude
- 35.13316003605
