$195,000
$5K PRICE DROP

877 Polk Ave Memphis, TN 38126

South City Neighborhood

Estimated payment $1,249/month

Total Views 3,958
4 Beds
-- Bath
2,460 Sq Ft
$79 Price per Sq Ft

About This Home

Investor special on this 4plex offers an excellent investment opportunity. Each unit features 1 bedroom and 1 bathroom, with standard renovations completed to make the property rent-ready. The property is being sold as-is and can be delivered vacant, providing flexibility for the new owner. Previously appraised for $215k and is back on the market due to no fault of the seller. Currently, one unit is occupied by a long-term tenant $775 month to month , while the remaining units are ready for immediate occupancy. Potential rent $875–$900 per unit. Don't miss this chance to own a solid income-producing. Serious offers only . Do not disturb tenant.

Listing Agent

Cali Neal

KAIZEN Realty, LLC License #347714 Listed on: 05/12/2025

KAIZEN Realty, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 58.91x114.79

Parking

  • Off-Site Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,460 Sq Ft Home
  • 2-Story Property
  • Vinyl Flooring

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 4 Units
  • Overton And Grosvenor Subdivision

Listing and Financial Details

  • Assessor Parcel Number 032010 00016

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Fourplex
  • MLS Map #: 745E
  • MAAR Subdivision Name: OVERTON & GROSVENOR
  • Freestanding: Yes
  • Number Of Stories: 2
  • Price Per Sq Ft: 1300000
  • Estimated Sq Ft: 2460
  • Year Built: 1957
  • Construction: Brick/Veneer
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Vinyl Floor

Exterior Features

  • Foundation: Slab
  • Roof: Composition

Garage/Parking

  • Parking Facility: Offsite/Street

Utilities

  • Hot Water: Gas
  • Cooling Systems: 1 Window Unit per Unit
  • Heating Systems: Gas

Lot Info

  • Lot Number: N PT 15
  • Acreage: 0.15
  • Lot Size: 58.91X114.79
  • Price Per Acre: 1300000
  • Geo Subdivision: TN

Rental Info

  • Tenant Pays: All Utilities
  • Type Of Leases: Monthly

Tax Info

  • Assessor Parcel Number: 032010 00016

Multi Family

  • Total Number Of Units: 4
  • Number1 Bedroom Units: 4
  • Type of Unit: 1 BR - 1 Bath

Map

Range of Values:

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Average Value
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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 Change Sq Ft Price
06/18/2025 06/18/25 Price Changed $195,000 -2.5% $79 / Sq Ft
05/12/2025 05/12/25 For Sale $200,000 +135.3% $81 / Sq Ft
11/18/2022 11/18/22 Sold $85,000 -29.2% $35 / Sq Ft
10/28/2022 10/28/22 Pending -- -- --
08/05/2022 08/05/22 For Sale $120,000 +155.3% $49 / Sq Ft
03/28/2019 03/28/19 Sold $47,000 -14.5% $19 / Sq Ft
03/06/2019 03/06/19 Pending -- -- --
11/28/2018 11/28/18 For Sale $55,000 -- $22 / Sq Ft
Source: Memphis Area Association of REALTORS®

Source: Memphis Area Association of REALTORS®

MLS Number: 10196507

Memphis Area Association of REALTORS®
Tennessee Shelby County Memphis 38104 South City

877 Polk Ave, Memphis, TN

This home is located at 877 Polk Ave, Memphis, TN 38126 and is currently priced at $195,000, approximately $79 per square foot. This property was built in 1957. 877 Polk Ave is a home located in Shelby County with nearby schools including Cummings K-8, Booker T. Washington Middle & High School, and Memphis Delta Preparatory Charter School.

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Cali Neal
Listing Agent
Cali Neal
Section Image
KAIZEN Realty, LLC
(901) 660-9520