Lender says sale! This foreclosure property offers is a great and unique opportunity for redevelopment. This site features a two building, 36 unit garden style apartment. All units are 2/1s. Property needs repairs but could be worth a lot of money once fixed up. The property is anchored by nearby school to boost your tenant demand. This is an excellent value add opportunity. Property sits on multiple parcels totaling over 2.5 acres. Completely vacant. Boarded up. Market rents should be $700 - $950 per unit, depending on tenant situation and exact unit set up. Do not enter property without permission.
Closed
$400,000
340 S Parkway Blvd, Memphis, TN 38106
--beds
--baths
7,857sqft
Multi Family
Built in 1948
-- sqft lot
$398,400 Zestimate®
$51/sqft
$765 Estimated rent
Home value
$398,400
$371,000 - $426,000
$765/mo
Zestimate® history
Owner options
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$765/mo
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$765/mo
Rent Zestimate®
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$2,509/mo
Est. payment
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$2,509/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Tyler Tapley 901-871-1290,
Crye-Leike, Realtors
Bought with:
Alton Cryer
Keller Williams Realty
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3084403
Facts & features
Interior
Cooling
- Other
Appliances
- Laundry: None
Features
- Flooring: Carpet
Interior area
- Total structure area: 7,857
- Total interior livable area: 7,857 sqft
Property
Features
- Levels: Three Or More
Lot
- Size: 0.72 Acres
- Dimensions: 0.723AC 180 x 175
Details
- Parcel number: 013061 00037
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Roof: Other
Condition
- New construction: No
- Year built: 1948
Community & HOA
Community
- Subdivision: Parkway Gardens Inc
Location
- Region: Memphis
Financial & listing details
- Price per square foot: $51/sqft
- Annual tax amount: $4,191
- Date on market: 5/30/2025
Price history
| Date | Event | Price |
|---|---|---|
| 5/30/2025 | Sold | $400,000-20%$51/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #3084403 Report a problem | ||
| 5/16/2025 | Pending sale | $499,900$64/sqft |
Source:  MAAR #10189374 Report a problem | ||
| 4/30/2025 | Listed for sale | $499,900$64/sqft |
Source: MAAR #10189374 Report a problem | ||
| 2/25/2025 | Pending sale | $499,900$64/sqft |
Source: MAAR #10189374 Report a problem | ||
| 2/4/2025 | Listed for sale | $499,900$64/sqft |
Source: MAAR #10189374 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Downtown
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Nearby schools
GreatSchools rating
- 3/10A B Hill Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 6/10Ida B Wells AcademyGrades: K-8Distance: 1 mi
- 3/10Hamilton High SchoolGrades: 9-12Distance: 2 mi
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- Tennessee
- Shelby County
- Memphis
- 38106
- Downtown
- 340 S Parkway Blvd
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