486 E Georgia Ave Memphis, TN 38126
South City NeighborhoodEstimated payment $2,909/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
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®
MLS Number: 10212188
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