Seller's Agent in 2025
Donnie Morrow
eXp Realty, LLC
(901) 359-9698
1 in this area
535 Total Sales
741 Neptune St Memphis, TN 38104
South City Neighborhood
4
Beds
--
Bath
2,529
Sq Ft
5,663
Sq Ft Lot
About This Home
As of May 2025Turnkey 4-Unit Investment ~ $2,500/Month Potential Income when 100% occupied ~ long term investors, house hackers and 1031 buyers, take notice! This cash-flowing 4-unit property is a prime investment opportunity with steady rental income and a vacant unit perfect for an owner-occupant or new tenant ~ just minutes from the Medical District, Downtown, and major employers, this property offers strong rental demand and long-term appreciation potential ~ each unit is a 1 bed / 1 bath ~ 3 of 4 units already rented at $625/month, and the vacant unit ready to be rented at the same rate, this property could gross $30,000/yr!! Recent updates/highlights: New roof 2020 ~ 3/4 units recently updated, including HVAC, kitchens, baths, and flooring providing a fully turnkey property with some value add potential ~ Low-maintenance ~ private parking ~ high cap rate opportunity in a growing rental market ~ call today for your private showing of this great investment opportunity!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1956
Lot Details
- 5,663 Sq Ft Lot
- Lot Dimensions are 55x105
Parking
- Paved Parking
Home Design
- Quadruplex
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
Interior Spaces
- 2,529 Sq Ft Home
- 2-Story Property
- Tile Flooring
Utilities
- Window Unit Cooling System
- Heating System Mounted To A Wall or Window
- Gas Water Heater
Community Details
- 4 Units
- Turners Neptune Street Re Subdivision
Listing and Financial Details
- Tenant pays for some utilities
- Month-to-Month Lease Term
- Assessor Parcel Number 032011 00016
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Home Values in the Area
Average Home Value in this Area
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 | Prior Sale |
|---|---|---|---|---|---|
| 05/09/2025 05/09/25 | Sold | $219,390 | -2.5% | $87 / Sq Ft | |
| 03/06/2025 03/06/25 | Pending | -- | -- | -- | |
| 01/31/2025 01/31/25 | For Sale | $225,000 | -3.2% | $89 / Sq Ft | |
| 01/18/2023 01/18/23 | Sold | $232,500 | -7.0% | $93 / Sq Ft | View Prior Sale |
| 01/10/2023 01/10/23 | Pending | -- | -- | -- | |
| 11/25/2022 11/25/22 | For Sale | $249,900 | -- | $100 / Sq Ft |
Source: Memphis Area Association of REALTORS®
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 | $1,516 | $56,360 | $3,480 | $52,880 |
| 2024 | $885 | $26,120 | $2,880 | $23,240 |
| 2023 | $1,591 | $26,120 | $2,880 | $23,240 |
| 2022 | $1,591 | $26,120 | $2,880 | $23,240 |
| 2021 | $1,891 | $26,120 | $2,880 | $23,240 |
| 2020 | $1,304 | $18,000 | $2,880 | $15,120 |
| 2019 | $575 | $18,000 | $2,880 | $15,120 |
| 2018 | $575 | $18,000 | $2,880 | $15,120 |
| 2017 | $589 | $18,000 | $2,880 | $15,120 |
| 2016 | $774 | $17,720 | $0 | $0 |
| 2014 | $774 | $17,720 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Donnie Morrow
-
Timishia Ortiz
T
Buyer's Agent in 2025
Timishia Ortiz
eXp Realty, LLC
(901) 505-0756
1 in this area
30 Total Sales
-
Randall Weatherall
Seller's Agent in 2023
Randall Weatherall
Memphis Metro Realty
(731) 487-5843
1 in this area
184 Total Sales
-
J
Buyer's Agent in 2023
Jessica Sewell
Prime Real Estate Group
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 10189200
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Listing content and images Copyright 2026 Memphis Area Association of REALTORS®. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it.
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