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Pending
    • Price cut: $24K (7/1)
    $575,000

    4010 Summer Ave, Memphis, TN 38122

    --beds
    --baths
    5,488sqft
    : 
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    Multi Family
    Built in 1960
    -- sqft lot
    $532,200 Zestimate®
    $105/sqft
    $-- HOA

    What's special

    New roofWater heaters replacedFull electrical rewireUpdated plumbing
    FIRE SALE !! Fully occupied 6-unit multifamily on Summer Ave! PRIME LOCATION! Renovated in 2020, each unit offers 3BR layouts—rare and in high demand, supporting strong tenant retention and consistent income. Major upgrades include new roof, updated plumbing, full electrical rewire, and all HVAC systems and water heaters replaced, delivering a true turnkey, low-maintenance asset. Currently generating approx. $75,000 annually, exceeding the 1% rule with immediate cash flow from day one. Prime location with quick access to Interstate 40 and near Grahamwood Elementary School, increasing tenant demand. Strong rental corridor with excellent accessibility. Ideal for investors seeking stable returns, low overhead, and long-term appreciation. Opportunities like this are increasingly difficult to find in today’s market. Don’t miss out on this rare investment. Contact me today for additional details or to schedule a private showing.
    78 days
    |
    287
    |
    21
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Anna Palazola,

    Crye-Leike, Inc., REALTORS 901-260-4780

    Source: MAAR,MLS#: 10220598MLS Logo

      Facts & features

      Interior

      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Electric Water Heater
      • Laundry: Connections
      Features
      • Flooring: Hardwood, Tile
      Interior area
      • Total interior livable area: 5,488 sqft

      Property

      Parking
      • Parking features: Asphalt/Blacktop
      Features
      • Stories: 2
      Lot
      • Size: 0.33 Acres
      • Dimensions: 14350
      Details
      • Parcel number: 055069 00049

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Brick Veneer
      • Foundation: Slab
      • Roof: Composition,Shingle/Shake
      Condition
      • Year built: 1960

      Utilities & green energy

      • Sewer: Public Sewer

      Community & HOA

      Community
      • Subdivision: Brattain Raymond
      Location
      • Region: Memphis

      Financial & listing details

      • Price per square foot: $105/sqft
      • Annual tax amount: $11,269
      • Date on market: 5/1/2026
      • Cumulative days on market: 78 days
      • Listing terms: Conventional,Other (Call LA)
      • Lease term: 12 Months
      • Tenant pays: All Utilities

        Estimated market value

        $532,200

        $506,000 - $559,000

        $1,141/mo

        Price history

        DateEventPrice
        7/9/2026Pending sale$575,000$105/sqft
        Source: MAAR #10220598 Report a problem
        7/1/2026Price change$575,000-4%$105/sqft
        Source: MAAR #10220598 Report a problem
        6/11/2026Price change$599,000-12.6%$109/sqft
        Source: MAAR #10220598 Report a problem
        5/1/2026Listed for sale$685,000$125/sqft
        Source: MAAR #10220598 Report a problem
        1/1/2021Listing removed--
        Source: Zillow Rental Manager Report a problem
        12/1/2020Listed for rent$750
        Source: Zillow Rental Manager Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Berclair-Highland Heights

        Getting around

        70 / 100
        Very Walkable
        22 / 100
        Minimal Transit
        46 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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