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Property profile & analytics
OFF-MARKET
Garden apartment buildings

1921 Lamar Ave Memphis, TN 38114-2159

3,998 SF 0.16 ac lot Built 1927
Individually Owned 3-yr Hold Free & Clear
Property ID
US80-3171577
Property profile
Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 1927
Total area 3,998 SF
Lot 0.16 ac (6,970 SF)
Zoning code RU-3
APN 031-104- - -00003
UPID US80-3171577
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
Ohoon Kwon Benedict · 3 yrs held
Ohoon Kwon Benedict
since 2022
Last sale
$500,000
7 recorded transactions
2022
$500,000
2018
Price N/A
2018
$3,000
2014
$3,000
2008
$27,000
2005
$85,000
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
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