NOT LISTED FOR SALE

519 Simpson Ave Memphis, TN 38106

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

Sale Details

Date Sold: May 19, 2025

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

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.

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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 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1959
  • Unit Levels: Three Or More
  • New Construction: No
  • 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2025
Closed on
May 20, 2025
Sold by
Bought by
List Price
$370,000
Sold Price
$326,000
Premium/Discount to List
-$44,000
-11.89%
Views
22

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.81%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 29, 2025
Sold by
Bought by

Purchase Details

Closed on
Oct 27, 2021
Sold by
Bought by

Purchase Details

Closed on
Jul 2, 2021
Sold by
Bought by

Purchase Details

Closed on
Jan 5, 2013
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in South Memphis, TN

  • Rasheedah Jones Real Estate Agent - Dreamteam Realty Co

    Rasheedah Jones

    Responds Quickly

    Dreamteam Realty Co

    (901) 509-9429

    39 Total Sales

    4 in South Memphis

    $22K - $78K Price Range

    Rasheedah Jones
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  • Pablo Pereyra Real Estate Agent - 901, REALTORS

    Pablo Pereyra

    901, REALTORS

    (901) 979-6330

    122 Total Sales

    2 in South Memphis

    $94,000 Price Range

    Pablo Pereyra
     Section Image
  • Sherry Harbur Real Estate Agent - Harbur Realty

    Sherry Harbur

    Harbur Realty

    (901) 350-4118

    78 Total Sales

    1 in South Memphis

    $50,000 Price

    Sherry Harbur
     Section Image
  • Petra Walker Real Estate Agent - KAIZEN Realty, LLC

    Petra Walker

    KAIZEN Realty, LLC

    (901) 422-9031

    154 Total Sales

    3 in South Memphis

    $25K - $72K Price Range

    Petra Walker
     Section Image
  • Jo Mathes Real Estate Agent - Pinnacle Realty

    Jo Mathes

    Pinnacle Realty

    (901) 371-4079

    66 Total Sales

    1 in South Memphis

    $42,000 Price

    Jo Mathes
     Section Image
  • Jason Miller Real Estate Agent - eXp Realty, LLC

    Jason Miller

    Responds Quickly

    eXp Realty, LLC

    (901) 531-9258

    236 Total Sales

    2 in South Memphis

    $62K - $120K Price Range

    Jason Miller
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$326,500 Saddle Creek Title
$219,578 Saddle Creek Title
$190,000 Saddle Creek Title Llc
$145,000 None Listed On Document
$155,000 None Listed On Document
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $350,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/04/2026 07/04/26 Off Market -- -- --
01/29/2026 01/29/26 For Rent -- -- --
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $623 $23,160 $5,400 $17,760
2024 $659 $19,440 $5,240 $14,200
2023 $1,184 $19,440 $5,240 $14,200
2022 $1,184 $19,440 $5,240 $14,200
2021 $527 $19,440 $5,240 $14,200
2020 $1,319 $18,200 $5,240 $12,960
2019 $582 $18,200 $5,240 $12,960
2018 $582 $18,200 $5,240 $12,960
2017 $595 $18,200 $5,240 $12,960
2016 $757 $17,320 $0 $0
2014 $757 $17,320 $0 $0
Source: Public Records

Map

Source: Realtracs

MLS Number: RTC3054940

Realtracs
Tennessee Shelby County Memphis 38106 South Memphis

519 Simpson Ave, Memphis, TN

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.

Realtracs All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Realtracs as distributed by MLS GRID.

Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393 - 17600 Laguna Canyon Rd, Irvine, CA 92618.

Based on information submitted to the MLS GRID

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