$900,000

Estimated payment $5,263/month

Total Views 4,807
50 Beds
-- Bath
16,416 Sq Ft
$55 Price per Sq Ft

Highlights

  • 1.38 Acre Lot
  • Partially Carpeted
  • 4-minute walk to University Park
  • Cooling Available
  • Heating Available

About This Home

27 unit Apartment Complex located in proximity to Midtown area of Memphis and just minutes as well from downtown. Next door to Kipp Collegiate School. Unit Mix: 3 bedrooms (4), 2 bedrooms (15), and 1 bedroom (8). Updates: replaced sewer lines, concrete work on walkways & stairs, welding work on upstairs railings to bring to code, parking lot paved (2022), and removed some trees, Roof replaced (2017). Individually Metered. 4 - 5 units need complete renovation. Drive by property only. Selling As Is - Cash Purchase. Call Listing Agent for Information.

Listing Agent

Leslie Pickett

BHHS Taliesyn Realty License #338239 Listed on: 09/29/2025

BHHS Taliesyn Realty

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1956

Lot Details

  • 1.38 Acre Lot

Parking

  • Paved Parking

Home Design

  • 16,416 Sq Ft Home
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Flooring

  • Partially Carpeted
  • Laminate

Utilities

  • Cooling Available
  • Heating Available
  • Gas Water Heater

Community Details

  • 2 Buildings
  • 27 Units
  • Williams Springdale Subdivision

Listing and Financial Details

  • 12 Month Lease Term
  • Month-to-Month Lease Term
  • Assessor Parcel Number 041033 00068C

Property Details

Home Type

Apartment

Year Built

Built in 1956

Lot Details

1.38 Acres

Listing Details

  • Class: Multi-Family
  • Type: Apartment Complex
  • MAAR Subdivision Name: WILLIAMS SPRINGDALE
  • Freestanding: Yes
  • Estimated Sq Ft: 16416
  • Year Built: 1956
  • Construction: Brick
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Floors/Ceilings: Partial Carpet, Wood Laminate Floors

Exterior Features

  • Foundation: Slab
  • Roof: Shingle/Shake

Garage/Parking

  • Parking Facility: Asphalt/Blacktop

Utilities

  • Hot Water: Gas
  • Cooling Systems: Electrial
  • Heating Systems: Electrical

Lot Info

  • Lot Number: 15SWPT16
  • Acreage: 1.38
  • Lot Size: 1.383
  • Geo Subdivision: TN

Rental Info

  • Tenant Pays: Security Deposit
  • Type Of Leases: Monthly, 6 Month, Year

Tax Info

  • Assessor Parcel Number: 041033 00068C

Multi Family

  • Perc Occ: 33
  • Total Number Of Units: 27
  • Number2 Bedroom Units: 15
  • Number3 Bedroom Units: 4
  • Type of Unit: 1 BR - 1 Bath, 2 BR - 1 Bath, 3 BR - 1+ Baths
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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 $7,520 $301,760 $40,640 $261,120
2024 $7,520 $221,840 $18,680 $203,160
2023 $13,514 $221,840 $18,680 $203,160
2022 $13,514 $221,840 $18,680 $203,160
2021 $13,672 $221,840 $18,680 $203,160
2020 $4,029 $55,600 $18,680 $36,920
2019 $4,029 $55,600 $18,680 $36,920
2018 $4,029 $55,600 $18,680 $36,920
2017 $2,285 $55,600 $18,680 $36,920
2016 $1,605 $36,720 $0 $0
2014 $2,860 $65,440 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/29/2026 01/29/26 For Rent $650 0.0% --
09/29/2025 09/29/25 For Sale $900,000 +69.2% $55 / Sq Ft
01/25/2018 01/25/18 Sold $532,000 -33.1% $22 / Sq Ft View Prior Sale
12/11/2017 12/11/17 Pending -- -- --
05/26/2017 05/26/17 For Sale $795,500 -- $33 / Sq Ft
Source: Memphis Area Association of REALTORS®

Source: Memphis Area Association of REALTORS®

MLS Number: 10206651

Memphis Area Association of REALTORS®
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