Property profile

3471 Douglass Ave Memphis, TN 38111

OFF-MARKET
Apartment buildings
Property ID
US80-1600900
5,220 SF 0.25 ac lot Built 1966
Entity Owned 6-yr Hold
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1966
Total area 5,220 SF
Lot 0.25 ac (10,846 SF)
Zoning code CMU-1
APN 045-114- - -00031-C
UPID US80-1600900

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3471 Douglass Ave Memphis, TN 38111-4241
Memphis metro Census 7000 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$220k

Owner & transaction history

since 2019
7 recorded transactions
2019
$417,000
2017
$306,000
2011
$170,000
2006
Price N/A
2002
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CMU-1 · Memphis, TN
Zoning description

PRINCIPAL USE R6 RU-1 RU-3 CMU-1 CMU-2 CMP-2 Woodworking, including Cabinet Makers and Furniture Manufacturing □ ■ Warehouse □ □ Recycling Drop-off Facility □ □ □ Neighborhood Garden ■ ■ ■ ■ ■ ■ Planned Development1 □ □…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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