487 Williams Ave Memphis, TN 38126
South Memphis NeighborhoodEstimated payment $2,025/month
Highlights
- Detached Garage
- Central Heating and Cooling System
- Partially Carpeted
About This Home
PRICE ADJUSTMENT!! PRICE JUST LOWERED ON THIS 6-UNIT APARTMENT BUILDING LOADED WITH POTENTIAL! Owner has put ~$140,000 in renovations into the building over his tenure of ownership including- refurbishing all 6 units and replacing the sewer (March 2025). 2 units rented, 2 units moving out soon, 2 units vacant and move in ready. Wall heaters need to be repaired or replaced. Building being sold 'as is.' Leases, rent rolls and maintenance records available upon request. Call for showings. No wholesale, seller financing, or creative offers. Please do not disturb tenants.
Property Details
Home Type
- Apartment
Year Built
- Built in 1964
Lot Details
- 8,276 Sq Ft Lot
- Lot Dimensions are 50 x 170
Home Design
- Brick Exterior Construction
- Slab Foundation
- Shingle Roof
Interior Spaces
- 4,200 Sq Ft Home
- Partially Carpeted
Laundry
- Dryer
- Washer
Parking
- Detached Garage
- Over 1 Space Per Unit
- Gravel Driveway
Utilities
- Central Heating and Cooling System
- Gas Water Heater
Community Details
- 6 Units
- Wilson Subdivision
Listing and Financial Details
- Assessor Parcel Number 025013 00006
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 | $687 | $25,680 | $5,240 | $20,440 |
| 2024 | $687 | $20,280 | $4,240 | $16,040 |
| 2023 | $1,235 | $20,280 | $4,240 | $16,040 |
| 2022 | $1,235 | $20,280 | $4,240 | $16,040 |
| 2021 | $1,250 | $20,280 | $4,240 | $16,040 |
| 2020 | $1,371 | $18,920 | $4,240 | $14,680 |
| 2019 | $605 | $18,920 | $4,240 | $14,680 |
| 2018 | $605 | $18,920 | $4,240 | $14,680 |
| 2017 | $619 | $18,920 | $4,240 | $14,680 |
| 2016 | $780 | $17,840 | $0 | $0 |
| 2014 | $780 | $17,840 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/26/2026 02/26/26 | Price Changed | $369,000 | -2.6% | $88 / Sq Ft | |
| 11/06/2025 11/06/25 | Price Changed | $379,000 | -2.8% | $90 / Sq Ft | |
| 08/18/2025 08/18/25 | Price Changed | $390,000 | -7.1% | $93 / Sq Ft | |
| 07/30/2025 07/30/25 | For Sale | $420,000 | 0.0% | $100 / Sq Ft | |
| 07/12/2025 07/12/25 | Pending | -- | -- | -- | |
| 05/22/2025 05/22/25 | For Sale | $420,000 | +151.5% | $100 / Sq Ft | |
| 07/08/2020 07/08/20 | Sold | $167,000 | -1.2% | $40 / Sq Ft | View Prior Sale |
| 04/20/2020 04/20/20 | Pending | -- | -- | -- | |
| 03/23/2020 03/23/20 | For Sale | $169,000 | -- | $40 / Sq Ft |
Source: Memphis Area Association of REALTORS®
MLS Number: 10197300
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