$390,000
$30K PRICE DROP

487 Williams Ave Memphis, TN 38126

South Memphis Neighborhood

Estimated payment $2,468/month

Total Views 2,502
12 Beds
-- Bath
4,200 Sq Ft
$93 Price per Sq Ft

About This Home

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 need clean out and refresh to make rent 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.

Listing Agent

Jeremy Veldman

KAIZEN Realty, LLC License #327507 Listed on: 05/22/2025

KAIZEN Realty, LLC

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

  • 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

Property Details

Home Type

Apartment

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Building
  • MLS Map #: 745E
  • MAAR Subdivision Name: WILSON
  • Freestanding: Yes
  • Price Per Sq Ft: 2052631.58
  • Estimated Sq Ft: 4200
  • Year Built: 1964
  • Construction: Brick
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Floors/Ceilings: Partial Carpet

Exterior Features

  • Foundation: Slab
  • Roof: Shingle/Shake

Garage/Parking

  • Parking Facility: Gravel, Detached, More Than 1 Per Unit

Utilities

  • Hot Water: Gas
  • Cooling Systems: Central
  • Heating Systems: Central
  • Laundry: Washer in Unit, Dryer in Unit

Lot Info

  • Lot Number: 12
  • Acreage: 0.19
  • Lot Size: 50 X 170
  • Price Per Acre: 2052632
  • Geo Subdivision: TN

Rental Info

  • Actual Annual Rent: 3280
  • Tenant Pays: Some Utilities, Water/Sewer, Trash Collection
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 025013 00006

Multi Family

  • Perc Occ: 66
  • Total Number Of Units: 6
  • Number2 Bedroom Units: 6
  • Type of Unit: 2 BR - 1 Bath, Unfurnished

Map

Range of Values:

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

Property History

Date Event Price Change Sq Ft Price
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
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®

Source: Memphis Area Association of REALTORS®

MLS Number: 10197300

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

487 Williams Ave, Memphis, TN

This home is located at 487 Williams Ave, Memphis, TN 38126 and is currently priced at $390,000, approximately $92 per square foot. This property was built in 1964. 487 Williams Ave is a home located in Shelby County with nearby schools including Larose Elementary School, Booker T. Washington Middle & High School, and Soulsville Charter School.

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® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Some or all of the listings displayed may not belong to the firm whose website is being visited. Copyright© 2025 Memphis Area Association of REALTORS®.

Nearby Homes
Jeremy Veldman
Listing Agent
Jeremy Veldman
Section Image
KAIZEN Realty, LLC
(901) 883-5096