$550,000
PENDING

486 E Georgia Ave Memphis, TN 38126

South City Neighborhood

Estimated payment $2,907/month

Total Views 19,180
20 Beds
-- Bath
6,150 Sq Ft
$89 Price per Sq Ft

About This Home

Investment opportunity in a fully renovated and fully occupied 10-unit apartment building. Each unit offers 2 bedrooms and 1 bathroom with space. Strong rental history and consistent occupancy make this an ideal acquisition for any investor. All tenants are on flexible month-to-month leases, giving a new owner multiple options for strategy and repositioning. No showings without an accepted offer. Please do not disturb tenants.

Listing Agent

Terrance Hill

eXp Realty, LLC License #323978 Listed on: 01/05/2026

eXp Realty, LLC

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1966

Lot Details

  • 0.35 Acre Lot

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 6,150 Sq Ft Home
  • Ceiling height between 8 to 10 feet
  • Fire and Smoke Detector

Flooring

  • Tile
  • Vinyl

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 2 Buildings
  • 10 Units
  • John Brown Subdivision

Listing and Financial Details

  • Assessor Parcel Number 011016 00027C

Property Details

Home Type

Apartment

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Complex
  • MAAR Subdivision Name: JOHN BROWN
  • Freestanding: Yes
  • Estimated Sq Ft: 6150
  • Year Built: 1966
  • Construction: Brick
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Floors/Ceilings: 8 Feet, Tile, Vinyl Floor
  • Appliances Equipment: Smoke Detector(s)

Exterior Features

  • Foundation: Slab
  • Roof: Composition
  • Miscellaneous Exterior: Sidewalks

Garage/Parking

  • Parking Facility: Concrete

Utilities

  • Hot Water: Gas
  • Heating Systems: Gas

Lot Info

  • Lot Number: PTS 4-10*
  • Acreage: 0.35
  • Lot Size: .35
  • Geo Subdivision: TN

Rental Info

  • Actual Annual Rent: 53800
  • Tenant Pays: All Utilities
  • Type Of Leases: Monthly

Tax Info

  • Assessor Parcel Number: 011016 00027C

Multi Family

  • Perc Occ: 100
  • Total Number Of Units: 10
  • Number2 Bedroom Units: 10
  • Type of Unit: 2 BR - 1 Bath

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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

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 $599 $37,600 $33,920 $3,680
2024 $599 $17,680 $13,280 $4,400
2023 $1,077 $17,680 $13,280 $4,400
2022 $1,077 $17,680 $13,280 $4,400
2021 $610 $17,680 $13,280 $4,400
2020 $1,194 $16,480 $13,280 $3,200
2019 $527 $16,480 $13,280 $3,200
2018 $527 $16,480 $13,280 $3,200
2017 $539 $16,480 $13,280 $3,200
2016 $680 $15,560 $0 $0
2014 $680 $15,560 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/19/2026 01/19/26 Pending -- -- --
01/05/2026 01/05/26 For Sale $550,000 -- $89 / Sq Ft
Source: Memphis Area Association of REALTORS®

Source: Memphis Area Association of REALTORS®

MLS Number: 10212188

Memphis Area Association of REALTORS®
Tennessee Shelby County Memphis 38126 South City

486 E Georgia Ave, Memphis, TN

Pending

MultiFamily

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® Listing content and images Copyright 2025 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.

Nearby Homes
Terrance Hill
Listing Agent
Terrance Hill
Section Image
eXp Realty, LLC
(901) 459-5578