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Property profile & analytics
OFF-MARKET Estimated value $1,285,000
Apartment buildings

1742 Lawrence Ave Memphis, TN 38112-5350

4,660 SF 0.19 ac lot Built 1912
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US80-1617656
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1912
Total area 4,660 SF
Lot 0.19 ac (8,233 SF)
Zoning code RU-1
APN 020-065- - -00021
UPID US80-1617656
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
$1.29M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.29M
Owner & transaction history
Porch Tree LLC · 2 yrs held
Porch Tree LLC
since 2024
Last sale
$1.3M
4 recorded transactions
2024
$1.3M
2021
Price N/A
2017
Price N/A
1998
$123,000
Zoning & alternative use
RU-1 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Housing Type RU-1 RU-2 RU-3 RU-4 RU-5 Conventional Side Yard House Cottage ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ -- -- -- Semi-Attached Two-Family Townhouse ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ -- -- ■ Large Home Stacked Townhouse Apartment   -- ■ ■ -- ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ = Permitted -- = not permitted  = permitted by Special Use Permit Building Regulations for Permitted Housing…

Zone name Residential Urban 1
General category RESIDENTIAL
Zone area 6,457.84 ac
Source CHAPTER 1
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