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Property profile & analytics
OFF-MARKET
Garden apartment buildings

2012 Carnes Ave Memphis, TN 38114-2106

3,486 SF 0.02 ac lot Built 1925
Individually Owned
Property ID
US80-1963325
Property profile
Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 1925
Construction FRAME
Total area 3,486 SF
Lot 0.02 ac (958 SF)
Zoning code RU-1
APN 031-107- - -00011
UPID US80-1963325
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
Flic Residential Mortgage Loan Trus
Flic Residential Mortgage Loan Trus
since 2025
Last sale
$206,000
5 recorded transactions
2025
$498,204
2024
Price N/A
2024
Price N/A
2023
Price N/A
2023
$206,000
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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