Closed

$490,000

486 E Georgia Ave, Memphis, TN 38126

--beds

--baths

6,150sqft

Multi Family

Built in 1966

-- sqft lot

$489,300 Zestimate^®

$80/sqft

$1,254 Estimated rent

Home value

$489,300

$465,000 - $514,000

$1,254/mo

Zestimate^® history

Owner options

List your home for rent

$1,254/mo

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$1,254/mo

Rent Zestimate^®

Refinance and save

$3,064/mo

Est. payment

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$3,064/mo

Est. payment

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What's special

Investment opportunity in a fully renovated and fully occupied 10-unit apartment building. Each unit offers 2 bedrooms and 1 bathroom with space. Strong rental history and consistent occupancy make this an ideal acquisition for any investor. All tenants are on flexible month-to-month leases, giving a new owner multiple options for strategy and repositioning. No showings without an accepted offer. Please do not disturb tenants.

Facts & features

Interior

Cooling

None

Appliances

Laundry: None

Features

Flooring: Tile, Vinyl

Interior area

Total structure area: 6,150
Total interior livable area: 6,150 sqft

Property

Features

Levels: Three Or More

Lot

Size: 0.35 Acres
Dimensions: .35

Details

Parcel number: 011016 00027C
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick
Roof: Other

Condition

New construction: No
Year built: 1966

Community & HOA

Community

Subdivision: John Brown

HOA

Amenities included: Sidewalks

Location

Region: Memphis

Financial & listing details

Price per square foot: $80/sqft
Annual tax amount: $1,164
Date on market: 1/5/2026
Tenant pays: Electricity, Water, Gas

Price history

Date	Event	Price
2/27/2026	Sold	$490,000-10.9%$80/sqft
Source: RealTracs MLS as distributed by MLS GRID #3139173 Report a problem
1/21/2026	Pending sale	$550,000$89/sqft
Source: MAAR #10212188 Report a problem
1/6/2026	Listed for sale	$550,000$89/sqft
Source: MAAR #10212188 Report a problem
1/1/2026	Listing removed	$550,000$89/sqft
Source: MAAR #10207217 Report a problem
12/6/2025	Listed for sale	$550,000$89/sqft
Source: MAAR #10207217 Report a problem
11/12/2025	Pending sale	$550,000$89/sqft
Source: MAAR #10207217 Report a problem
10/7/2025	Listed for sale	$550,000$89/sqft
Source: MAAR #10207217 Report a problem
9/25/2025	Listing removed	$550,000$89/sqft
Source: MAAR #10195295 Report a problem
4/29/2025	Listed for sale	$550,000+1194.1%$89/sqft
Source: MAAR #10195295 Report a problem
5/1/2021	Listing removed	--
Source: Zillow Rental Network_1 Report a problem
4/14/2021	Listed for rent	$650+18.2%
Source: Zillow Rental Network_1 Report a problem
9/6/2018	Listing removed	$550
Source: Go Section8 Report a problem
7/25/2018	Listed for rent	$550-8.3%
Source: Go Section8 Report a problem
10/23/2017	Listing removed	$600
Source: Go Section8 Report a problem
8/12/2017	Listed for rent	$600
Source: Go Section8 Report a problem
7/1/2017	Listing removed	$600
Source: Go Section8 Report a problem
3/4/2017	Listed for rent	$600+9.1%
Source: Go Section8 Report a problem
12/24/2015	Listing removed	$550
Source: Go Section8 Report a problem
12/16/2015	Listed for rent	$550
Source: Go Section8 Report a problem
5/18/2015	Listing removed	$42,500$7/sqft
Source: Owner Report a problem
2/18/2015	Listed for sale	$42,500$7/sqft
Source: Owner Report a problem