$550,000
PENDING

486 E Georgia Ave Memphis, TN 38126

South City Neighborhood

Estimated payment $2,907/month

Total Views 19,186
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
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Average Value
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List Price
Sold Price
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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 $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

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