NOT LISTED FOR SALE

519 Simpson Ave Memphis, TN 38106

South Memphis Neighborhood
2 Beds
1 Bath
3,618 Sq Ft
1959 Built

Last Sold May 19, 2025

Last sale price $326,000 $90 Per Sq Ft

Highlights

  • Cooling Available
  • Tile Flooring
  • No Heating

About This Home

As of May 2025

Investor's Dream! Don’t miss out on this six-unit apartment building. Each unit offers 2 bedrooms and 1 bathroom. Can potentially generate $7,080 in monthly rental income, with section 8 tenants. Each unit has its own electric meter, keeping expenses streamlined.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,280

Year Built

  • Built in 1959

Lot Details

  • Lot Dimensions are 72 x 125

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,618 Sq Ft Home
  • Property has 3 Levels
  • Tile Flooring

Utilities

  • Cooling Available
  • No Heating

Community Details

  • 6 Units
  • Trigg Subdivision

Listing and Financial Details

  • Assessor Parcel Number 025041 00013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,280

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1959
  • Unit Levels: Three Or More
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Tile
  • Building Area Units: Square Feet
  • Living Area: 3618
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Brick
  • Pool Private: No
  • Roof: Other
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No

Utilities

  • Cooling: Other
  • Cooling Y N: Yes
  • Heating Yn: No
  • Laundry Features: None

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 72 X 125
  • Lot Size Units: Acres
  • Parcel #: 025041 00013

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 6

Tax Info

  • Tax Annual Amount: 1280

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
Not Available
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

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2025 12/02/25 For Sale $370,000 +13.5% $102 / Sq Ft
05/19/2025 05/19/25 Sold $326,000 -- $90 / Sq Ft
05/19/2025 05/19/25 Pending -- -- --
Source: Realtracs

Tax History Compared to Growth

Source: Public Records

Map

Source: Realtracs

MLS Number: 3054940

Realtracs
Tennessee Shelby County Memphis 38106 South Memphis

519 Simpson Ave, Memphis, TN

Not Listed for Sale

MultiFamily

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