PRICE ADJUSTMENT!! PRICE JUST LOWERED ON THIS 6-UNIT APARTMENT BUILDING LOADED WITH POTENTIAL! Owner has put ~$140,000 in renovations into the building over his tenure of ownership including- refurbishing all 6 units and replacing the sewer (March 2025). 2 units rented, 2 units moving out soon, 2 units vacant and move in ready. Wall heaters need to be repaired or replaced. Building being sold 'as is.' Leases, rent rolls and maintenance records available upon request. Call for showings. No wholesale, seller financing, or creative offers. Please do not disturb tenants.
For sale
$369,000
487 Williams Ave, Memphis, TN 38126
--beds
--baths
4,200sqft
Multi Family
Built in 1964
-- sqft lot
$-- Zestimate®
$88/sqft
$-- HOA
What's special
- 537 days
- 115
- 10
Zillow last checked:
Listing updated:
Listed by:
Jeremy R Veldman,
KAIZEN Realty, LLC 901-221-4041
Source: MAAR,MLS#: 10197300
Facts & features
Interior
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Gas Water Heater
- Laundry: Dryer in Unit, Washer in Unit
Features
- Flooring: Partial Carpet
Interior area
- Total interior livable area: 4,200 sqft
Property
Parking
- Parking features: Gravel, Detached, More Than 1 Per Unit
Lot
- Size: 8,500 Square Feet
- Dimensions: 50 x 170
Details
- Parcel number: 025013 00006
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Slab
- Roof: Shingle/Shake
Condition
- Year built: 1964
Community & HOA
Community
- Subdivision: Wilson
Location
- Region: Memphis
Financial & listing details
- Price per square foot: $88/sqft
- Annual tax amount: $1,335
- Date on market: 5/22/2025
- Cumulative days on market: 520 days
- Listing terms: Conventional
- Inclusions: Some Appliances
- Lease term: 12 Months
- Total actual rent: 3280
- Tenant pays: Some Utilities, Water/Sewer, Trash Collection
Estimated market value
Not available
Estimated sales range
Not available
$801/mo
Price history
| Date | Event | Price |
|---|---|---|
| 2/26/2026 | Price change | $369,000-2.6%$88/sqft |
Source:  MAAR #10197300 Report a problem | ||
| 11/6/2025 | Price change | $379,000-2.8%$90/sqft |
Source: MAAR #10197300 Report a problem | ||
| 8/18/2025 | Price change | $390,000-7.1%$93/sqft |
Source: MAAR #10197300 Report a problem | ||
| 7/30/2025 | Listed for sale | $420,000$100/sqft |
Source: MAAR #10197300 Report a problem | ||
| 7/14/2025 | Pending sale | $420,000$100/sqft |
Source: MAAR #10197300 Report a problem | ||
| 5/22/2025 | Listed for sale | $420,000+151.5%$100/sqft |
Source: MAAR #10197300 Report a problem | ||
| 7/8/2020 | Sold | $167,000-1.2%$40/sqft |
Source: MAAR #10073484 Report a problem | ||
| 3/24/2020 | Listed for sale | $169,000$40/sqft |
Source: Crye-Leike Commercial #10073484 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Downtown
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