$750,000
SOLD NOV 22, 2019

1060 Merriwether Ave Memphis, TN 38105

Crosstown Neighborhood
44 Beds
-- Bath
11,320 Sq Ft
1966 Built

Recently Sold

$66 Per Sq Ft

12% Below List Price

Highlights

  • Central Heating and Cooling System
  • Partially Carpeted
  • Partially Fenced Property

About This Home

As of November 2019

Proud to announce this 22 unit complex, located in the midtown/medical district area! Already stable but has the potential to be a VALUE ADD as well. The location is stellar and it’s a rare opportunity to be able to purchase a turn key complex in the area it is located in! 16 of the 22 units are rented! Professionally managed by a local property management company. Freshly painted railings and window seals throughout the exterior, More than half of the units have been rehabbed throughout.

Last Agent to Sell the Property

Felecia Magro

The Stamps Real Estate Company License #336001 Listed on: 09/16/2019

Last Buyer's Agent

Fiona Yanok

The Stamps Real Estate Company License #350039

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1966

Parking

  • Paved Parking

Home Design

  • 11,320 Sq Ft Home
  • Flat Roof Shape
  • Brick Exterior Construction
  • Slab Foundation

Flooring

  • Partially Carpeted
  • Vinyl

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Free-Standing Range
  • Partially Fenced Property

Listing and Financial Details

  • Tenant pays for some utilities, heating, gas, electric, cable TV, cooling, security deposit, pet depost
  • Assessor Parcel Number 020089 00034C

Community Details

Overview

  • 4 Buildings
  • 22 Units
  • Meriwether & Pt Lot 5 Harvey Subdivision

Building Details

  • Insurance Expense $5,500
  • Utility Expense $7,800

Property Details

Home Type

Apartment

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Complex
  • MLS Map #: 741E
  • MAAR Subdivision Name: MERIWETHER
  • Freestanding: Yes
  • List Price Per Sq Ft: 75
  • Estimated Sq Ft: 11320
  • Year Built: 1966
  • Construction: Brick, Brick/Veneer
  • List Price Per Unit: 38590.91
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Floors/Ceilings: Vinyl Floor, Partial Carpet
  • Appliances Equipment: Refrigerator, Range/Oven (Freestanding), Smoke Detector(s)

Exterior Features

  • Foundation: Slab
  • Roof: Flat
  • Miscellaneous Exterior: Sidewalks, Partically Fenced

Garage/Parking

  • Parking Facility: Asphalt/Blacktop

Utilities

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

Association/Amenities

  • Amenities: Dumpster

Lot Info

  • Lot Number: 1
  • Lot Size: 156.3/50+106.3 X 204/211.25
  • Improved Sq Ft: 14875
  • Land Sq Ft: 32409

Rental Info

  • Actual Annual Rent: 11234
  • Leaseable Sq Ft: 14875
  • Tenant Pays: Some Utilities, Heating, Gas, Electric, Cable TV, Cooling, Security Deposit, Pet Depost
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 020089 00034C

Multi Family

  • Total Number Of Units: 22
  • Number2 Bedroom Units: 22
  • Type of Unit: 2 BR - 1 Bath

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2025 08/28/25 Price Changed $800 0.0% --
08/28/2025 08/28/25 For Rent $800 +1.3% --
04/04/2025 04/04/25 Off Market $790 -- --
03/08/2025 03/08/25 Price Changed $790 +6.9% --
11/30/2024 11/30/24 Price Changed $739 -4.6% --
03/19/2024 03/19/24 Price Changed $775 0.0% --
03/19/2024 03/19/24 For Rent $775 -2.5% --
10/11/2023 10/11/23 Price Changed $795 0.0% --
11/22/2019 11/22/19 Sold $750,000 -11.7% $66 / Sq Ft
09/16/2019 09/16/19 For Sale $849,000 +35.8% $75 / Sq Ft
06/08/2018 06/08/18 Sold $625,000 -18.6% $19 / Sq Ft
01/17/2018 01/17/18 Pending -- -- --
12/02/2017 12/02/17 For Sale $767,800 0.0% $24 / Sq Ft
07/24/2017 07/24/17 For Rent $895 0.0% --
12/30/2015 12/30/15 Sold $660,009 -28.8% $18 / Sq Ft
08/31/2015 08/31/15 Pending -- -- --
08/19/2015 08/19/15 For Sale $927,500 -- $26 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Felecia Magro

    Seller's Agent in 2019

    Felecia Magro

    The Stamps Real Estate Company

    (901) 283-9373

    1 in this area

    81 Total Sales

    Felecia Magro
    Section Image
  • Fiona Yanok

    Buyer's Agent in 2019

    Fiona Yanok

    The Stamps Real Estate Company

    (901) 305-3485

    2 in this area

    53 Total Sales

    Fiona Yanok
    Section Image
  • Jeffrey Moore

    Seller's Agent in 2018

    Jeffrey Moore

    Crye-Leike

    (901) 409-5671

    2 in this area

    88 Total Sales

    Jeffrey Moore
    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10061957

Memphis Area Association of REALTORS®
Tennessee Shelby County Memphis 38105 Crosstown

1060 Merriwether Ave, Memphis, TN

This home is located at 1060 Merriwether Ave, Memphis, TN 38105 and is currently priced at $750,000, approximately $66 per square foot. This property was built in 1966. 1060 Merriwether Ave is a home located in Shelby County with nearby schools including Bruce Elementary School, Central High School, and Southwest Early College High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Memphis Area Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Some or all of the listings displayed may not belong to the firm whose website is being visited. Copyright© 2025 Memphis Area Association of REALTORS®.

Nearby Homes