4010 Summer Ave Memphis, TN 38122
Berclair NeighborhoodEstimated payment $3,844/month
About This Home
FIRE SALE !! Fully occupied 6-unit multifamily on Summer Ave! PRIME LOCATION! Renovated in 2020, each unit offers 3BR layouts—rare and in high demand, supporting strong tenant retention and consistent income. Major upgrades include new roof, updated plumbing, full electrical rewire, and all HVAC systems and water heaters replaced, delivering a true turnkey, low-maintenance asset. Currently generating approx. $75,000 annually, exceeding the 1% rule with immediate cash flow from day one. Prime location with quick access to Interstate 40 and near Grahamwood Elementary School, increasing tenant demand. Strong rental corridor with excellent accessibility. Ideal for investors seeking stable returns, low overhead, and long-term appreciation. Opportunities like this are increasingly difficult to find in today’s market. Don’t miss out on this rare investment. Contact me today for additional details or to schedule a private showing.
Property Details
Home Type
- Apartment
Year Built
- Built in 1960
Lot Details
- 13,939 Sq Ft Lot
Parking
- Paved Parking
Home Design
- Brick Exterior Construction
- Slab Foundation
- Shingle Roof
- Composition Roof
Interior Spaces
- 5,488 Sq Ft Home
- 2-Story Property
- Washer and Dryer Hookup
Flooring
- Wood
- Tile
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Community Details
- 6 Units
- Brattain Raymond Subdivision
Listing and Financial Details
- Assessor Parcel Number 055069 00049
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/11/2026 06/11/26 | Price Changed | $599,000 | -12.6% | $109 / Sq Ft |
| 05/01/2026 05/01/26 | For Sale | $685,000 | -- | $125 / Sq Ft |
Source: Memphis Area Association of REALTORS®
MLS Number: 10220598
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.
Listing content and images Copyright 2026 Memphis Area Association of REALTORS®. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it.
Some or all of the listings displayed may not belong to the firm whose website is being visited.
- 747 Margo Ln
- 3882 Tutwiler Ave
- 791 Chatwood Cove
- 779 Chatwood Cove
- 781 Chatwood Cove
- 501 Gerald Rd
- 464 Sharon Dr
- 817 Pecan Gardens Cir W
- 4079 Philwood Ave
- 465 Gerald Rd
- 481 Vaughn Rd
- 4047 Allison Ave
- 499 Lytle St
- 473 Vaughn Rd
- 487 Lytle St
- 599 Isabelle St
- 508 Western Dr
- 4207 Brenmar Ave
- 4108 Hilldale Ave
- 4265 Tutwiler Ave
- 4030 Summer Ave
- 4015 Summer Ave
- 4045 Summer Ave
- 4089 Tutwiler Ave
- 4091 Tutwiler Ave
- 4209 Tutwiler Ave
- 3924 Brennan Dr
- 453 Lytle St
- 376 N Graham St
- 385 N Graham St
- 3810 Kenwood Ave
- 615-617 High Point Terrace
- 579 High Point Terrace
- 801 Bowen Cir
- 4200 Zelda Ln
- 935 Isabelle St
- 3609 Forrest Ave
- 3634 Autumn Ave
- 667 Sevier St
- 3640 Shirlwood Ave
Ask me questions while you tour the home.