$700,000

1572 Hanauer St Memphis, TN 38109

South Memphis Neighborhood

Estimated payment $4,600/month

Total Views 1,517
12 Beds
-- Bath
5,664 Sq Ft
$124 Price per Sq Ft

Highlights

  • 0.65 Acre Lot
  • Mini Split Air Conditioners
  • 1-Story Property
  • Tile Flooring

About This Home

Great opportunity for a new or seasoned investor looking to get into multi-family investing. 8-One BR/1BA & 2-Two BR/1 BA units for a total of 10. Most units have been renovated, 4 from the studs up with mechanical, electric and plumbing. All roofs less than 4 years old. Tenants pay for all utilities, owner pays for water & outside house lights. Great location, 10 minutes to Memphis Airport & FedEx World Hub, 7 Minutes to Downtown Memphis. Showings with accepted PSA

Listing Agent

John Cornes

Braden, Braden & Braden LLC License #303183 Listed on: 05/08/2025

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1952

Lot Details

  • 0.65 Acre Lot
  • Lot Dimensions are 150 x 189.5
  • Property is zoned RU-3

Parking

  • Gravel Driveway

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 5,664 Sq Ft Home
  • 1-Story Property
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Flooring

  • Tile
  • Vinyl

Utilities

  • Mini Split Air Conditioners
  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Community Details

  • 10 Units
  • Hanauer Subdivision

Listing and Financial Details

  • Assessor Parcel Number 035067 00016

Home Details

Home Type

Single Family

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Building
  • MLS Map #: 747A
  • MAAR Subdivision Name: HANAUER
  • Freestanding: Yes
  • Number Of Stories: 1
  • Price Per Sq Ft: 1076923.08
  • Estimated Sq Ft: 5664
  • Year Built: 1952
  • Construction: Brick
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Floors/Ceilings: Tile, Vinyl Floor
  • Appliances Equipment: Smoke Detector(s)

Exterior Features

  • Foundation: Slab
  • Roof: Shingle/Shake

Garage/Parking

  • Parking Facility: Gravel

Utilities

  • Hot Water: Gas
  • Cooling Systems: 1 Window Unit per Unit, Individual Cooling
  • Heating Systems: Wall Heat
  • Laundry: Connections

Lot Info

  • Lot Number: 24 & N
  • Acreage: 0.65
  • Lot Size: 150 X 189.5
  • Price Per Acre: 1076923
  • Improved Sq Ft: 5664
  • Land Sq Ft: 28401
  • Zoning: RU-3
  • Geo Subdivision: TN

Rental Info

  • Actual Annual Rent: 49800
  • Tenant Pays: Some Utilities, Gas, Electric, Security Deposit
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 035067 00016

Multi Family

  • Perc Occ: 70
  • Total Number Of Units: 10
  • Number1 Bedroom Units: 8
  • Number2 Bedroom Units: 2
  • Type of Unit: 1 BR - 1 Bath, 2 BR - 1 Bath

Map

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
05/08/2025 05/08/25 For Sale $700,000 +7.7% $124 / Sq Ft
09/29/2022 09/29/22 Sold $650,000 0.0% $115 / Sq Ft
09/21/2022 09/21/22 Pending -- -- --
04/18/2022 04/18/22 For Sale $650,000 +188.9% $115 / Sq Ft
10/13/2021 10/13/21 Sold $225,000 -31.6% $40 / Sq Ft
09/30/2021 09/30/21 Pending -- -- --
08/25/2021 08/25/21 For Sale $329,000 -- $58 / Sq Ft
Source: Memphis Area Association of REALTORS®

Similar Home in Memphis, TN

  • 374 N Dunlap St, Memphis, TN 38105

    $535,000

    • 10 Beds
    • 374 N Dunlap St
    • Memphis, TN

    Located in a strong rental neighborhood, this value-add investment is strategically positioned for a new buyer. The opportunity provides a new investor with the ability to achieve significant upside from a well-located asset. The property is located just 1 block from the Medical District and 1 mile from the Crosstown Concourse. Nicely manicured with an open, U shaped layout, the property feels

    Jessica Sewell Prime Real Estate Group

    Section Image
See All Homes in Memphis

Source: Memphis Area Association of REALTORS®

MLS Number: 10196313

Memphis Area Association of REALTORS®

Tennessee Shelby County Memphis 38109 South Memphis

1572 Hanauer St, Memphis, TN

This home is located at 1572 Hanauer St, Memphis, TN 38109 and is currently priced at $700,000, approximately $123 per square foot. This property was built in 1952. 1572 Hanauer St is a home located in Shelby County with nearby schools including Riverview Middle School, Hamilton High School, and Memphis Scholars Florida Kansas.

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
John Cornes
Listing Agent
John Cornes
Section Image
Braden, Braden & Braden LLC
(901) 883-5992