Financial
Distress signals
Property profile

860 7th St Memphis, TN 38107

OFF-MARKET
Garden apartment buildings
Property ID
US80-1630650
10,500 SF 0.49 ac lot Built 1965
Last sale Jan 2022 · $525,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years.
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Property summary

AI-generated overview

A 10,500-square-foot, 14-unit apartment building configured for multifamily residential use. The property comprises 14 dwelling units, including a portion that has been occupied by tenants holding Memphis Housing Authority (MHA) voucher assistance and a portion that has been vacant, resulting in a mix of occupied and unoccupied units. The building’s income history includes rental income supported by public funding for the occupied voucher-assisted units.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$3k
Tax billed · 2022
Assessed value · 2023$51k
Assessed land$22k
Assessed improvement$30k
Effective rate6.09%

Value estimate

· Sep 2026
$415k
$374k – $457k
AI approach$440k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$48/SF
ZIP average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$30 – $68

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
MDR
A. Moderate-Density Residential District (MDR) The MDR District comprises the majority of the Uptown area and is intended to preserve the...
General categoryRESIDENTIAL
JurisdictionSHELBY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency14.0
Wholesale Shop11.2
Spa & Massage11.2

Location

860 7th St Memphis, TN 38107-2453
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
165 Bickford, Memphis, TN 38107-2492 $19,000 May 2025 6,250 SF
1051 7th, Memphis, TN 38107-3817 $72,000 Dec 2024 6,500 SF
1018 7th, Memphis, TN 38107-3844 $265,000 Apr 2024 5,728 SF
763 Decatur, Memphis, TN 38107-2476 $560,000 Nov 2022 11,300 SF
693 Looney, Memphis, TN 38107-2511 $310,000 Oct 2022 6,144 SF
861 Crockett, Memphis, TN 38107-4213 $35,000 Dec 2021 10,080 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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