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Property profile & analytics
OFF-MARKET Estimated value $1,845,000
Apartment buildings

1757 Gowan Dr Memphis, TN 38127-5536

27,840 SF 1.33 ac lot Built 1966
Individually Owned 4-yr Hold Absentee Owner
Property ID
US80-0523769
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1966
Total area 27,840 SF
Lot 1.33 ac (57,891 SF)
Zoning code RU-3
APN 070-058- - -00076
UPID US80-0523769
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
Current use
Occupant on record · Public records
  • Timberpines Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.48M
Blend (final) Blend
$1.85M
Owner & transaction history
Health Educational & Hsng Facility · 4 yrs held
Health Educational & Hsng Facility
since 2021
7 recorded transactions
2021
Price N/A
2019
Price N/A
2019
$1.6M
2013
$1.2M
2011
$878,922
2005
$1.6M
1969
Price N/A
Zoning & alternative use
RU-3 · 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 3
General category RESIDENTIAL
Zone area 7,600.37 ac
Source CHAPTER 1
Top alternative use upside
Auto repair, garage $2.7M +9.0%
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