$1,250,000
23 Beds
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • The property is located in a historic district
  • Security Gate
  • Property is Fully Fenced
  • 1.18 Acre Lot
  • Central Heating and Cooling System
  • Vinyl Flooring

About This Home

Gated Delmar-Lema Historic District Village with 23 units near the Medical District. 6.6% pro forma cap rate. 1 bed/1bath units with extensive capital improvements: LVP flooring, interior paint, new plumbing, stainless steel appliances, central heat and A/C, and more. Exteriors have fresh paint and newer roofing. Entire perimeter is fenced with solar powered double entry security gate installed at the entrance. Just blocks from the VA Medical Center, LeBonheur Children's Hospital, Regional One, and close to downtown Memphis. Surrounding area is currently being revitalized with many new & upcoming developments.

Listing Agent

Dominey Shaw

Myers Cobb Realtors, LLC License #337088 Listed on: 03/31/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 1.18 Acre Lot
  • Lot Dimensions are 245 x 210
  • Property is Fully Fenced

Parking

  • Paved Parking

Home Design

  • Garden Home
  • Composition Roof
  • Wood Composite

Additional Features

  • Vinyl Flooring
  • Crawl Space
  • The property is located in a historic district
  • Central Heating and Cooling System

Community Details

  • 17 Buildings
  • 23 Units
  • Harvey Subdivision

Listing and Financial Details

  • Assessor Parcel Number 020088 00016

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

1.18 Acres

Listing Details

  • Class: Multi-Family
  • Type: Flat/Garden Units
  • MAAR Subdivision Name: HARVEY
  • Freestanding: Yes
  • Year Built: 1912
  • Construction: Wood/Composition
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Floors/Ceilings: Vinyl Floor

Exterior Features

  • Foundation: Conventional/Crawl Space
  • Roof: Composition
  • Miscellaneous Exterior: Fully Fenced, Security Gate, Historic District

Garage/Parking

  • Parking Facility: Asphalt/Blacktop

Utilities

  • Hot Water: Public Sewer, Public Water
  • Cooling Systems: Central
  • Heating Systems: Central

Association/Amenities

  • Amenities: Dumpster

Lot Info

  • Lot Number: PT 8
  • Acreage: 1.18
  • Lot Size: 245 X 210
  • Geo Subdivision: TN

Rental Info

  • Tenant Pays: Electric, Gas, Some Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 020088 00016

Multi Family

  • Perc Occ: 57
  • Total Number Of Units: 23
  • Type of Unit: 1 BR - 1 Bath

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,506 $559,280 $51,000 $508,280
2024 $4,506 $132,920 $2,400 $130,520
2023 $8,097 $132,920 $2,400 $130,520
2022 $8,097 $132,920 $2,400 $130,520
2021 $8,192 $132,920 $2,400 $130,520
2020 $8,324 $114,880 $2,400 $112,480
2019 $3,672 $114,880 $2,400 $112,480
2018 $3,672 $114,880 $2,400 $112,480
2017 $2,899 $88,600 $1,950 $86,650
2016 $3,999 $91,510 $0 $0
2014 $3,999 $91,510 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2026 03/31/26 For Sale $1,250,000 -- --
Source: Memphis Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $950,000 Closetrak
Warranty Deed $400,000 None Available
Warranty Deed $130,000 Mid South Title Services Llc
Warranty Deed $8,700 --
Warranty Deed $8,700 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $570,000 Commercial
Previous Owner $280,000 Commercial
Previous Owner $200,000 Construction
Source: Public Records

Source: Memphis Area Association of REALTORS®

MLS Number: 10218077

Memphis Area Association of REALTORS®

APN: 02-0088-0-0016

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