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Property profile & analytics
OFF-MARKET Estimated value $1,325,000
Apartment buildings

189 Auburndale St Memphis, TN 38112-5337

11,680 SF 0.4 ac lot Built 1925
Entity Owned 11-yr Hold
Property ID
US80-3208621
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1925
Total area 11,680 SF
Lot 0.4 ac (17,293 SF)
Zoning code RU-3
APN 020-063- - -00017
UPID US80-3208621
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
$1.34M
Comparable Approach Comparable
$1.79M
Blend (final) Blend
$1.33M
Owner & transaction history
Jac Properties LLC · 11 yrs held
Jac Properties LLC
since 2015
6 recorded transactions
2015
$608,000
2011
$540,000
2004
$480,000
1969
Price N/A
1969
Price N/A
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
Medical building $1.7M +26.4%
Office building $1.4M +5.4%
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