Financial
Distress signals
Property profile

966 Leon Pl Memphis, TN 38107

OFF-MARKET
Garden apartment buildings
Property ID
US80-1680260
3,456 SF 0.29 ac lot Built 1952
Last sale Dec 2025 · $184,400
Individually Owned Owner of record is an individual.
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Property summary

AI-generated overview

This five-unit apartment complex is located in Memphis, Tennessee 38107, within minutes of Downtown and Midtown Memphis. The property consists of five residential units, each configured with two bedrooms and one bathroom; some units include updates in the kitchen and/or bathroom. The building is designed for multi-family occupancy and requires repairs. Ownership responsibility includes water service and some utilities for common areas.

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$41k
Assessed land$5k
Assessed improvement$36k
Effective rate6.09%

Value estimate

· Sep 2026
$225k
$203k – $248k
AI approach$235k

Realmo valuation models over county records and 3 qualifying comparable sales.

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
Qualifying comparables3

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?
R-6
R-6, R-3, RU-1, RU-2, RU-3, RU-4, RU-5 and RW), with the exception of Community Supported Agriculture. 2. Neighborhood gardens shall: a. ...
General categoryRESIDENTIAL
JurisdictionSHELBY

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm18.0
Realty agency16.6
Kitchen & Bath11.0

Location

966 Leon Pl Memphis, TN 38107-2723
County assessor Recorded deeds · 8 transfers 3 qualifying comp sales 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
807 5th, Memphis, TN 38107-2402 $80,000 Jun 2025 3,016 SF
706 5th, Memphis, TN 38107-3711 $80,000 May 2025 3,280 SF
981 7th, Memphis, TN 38107-3838 $250,000 May 2025 2,912 SF
1281 Lion, Memphis, TN 38107-1709 $10,000 Oct 2024 3,654 SF
755 Decatur, Memphis, TN 38107-2702 $148,000 Dec 2022 3,484 SF
819 Bellevue, Memphis, TN 38107-4200 $250,000 Aug 2022 3,908 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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