Individually Owned 
For Sale
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Property summary
This exceptional investment opportunity presents a two-story apartment building situated on a 0.27-acre lot in Memphis, Tennessee. Built in 1967, the brick structure features a pitched shingle/shake roof and a slab foundation. Located in the South Bluffs/downtown area, specifically the Shepherd Blk 59 subdivision, this property offers convenient access to FedEx Forum via MLK Ave, Orleans St, and Pontotoc Ave. The building's construction is of brick, and it boasts two levels. Annual property taxes are $643. The sale includes the building and land. This multifamily property presents a strong investment opportunity in a desirable Memphis neighborhood. The property is currently listed as active. Further details regarding ownership expenses are available upon request.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
1. In the CA, CMU, EMP, WD, IH districts, outdoor runs are permitted. 2. In all other districts, outdoor runs are not permitted. All overnight care of animals must occur indoors. All pens, kennels and runs must be locate…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Memphis market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
EMP · Memphis, TN1. In the CA, CMU, EMP, WD, IH districts, outdoor runs are permitted. 2. In all other districts, outdoor runs are not permitted. All overnight care of animals must occur indoors. All pens, kennels and runs must be locate…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
1. In the CA, CMU, EMP, WD, IH districts, outdoor runs are permitted. 2. In all other districts, outdoor runs are not permitted. All overnight care of animals must occur indoors. All pens, kennels and runs must be locate…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for EMP in Memphis, TN.
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