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For sale
    • $369,000

    487 Williams Ave, Memphis, TN 38126

    --beds
    --baths
    4,200sqft
    : 
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    Multi Family
    Built in 1964
    -- sqft lot
    $349,000 Zestimate®
    $88/sqft
    $-- HOA

    What's special

    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.
    420 days
    |
    163
    |
    12
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jeremy R Veldman,

    KAIZEN Realty, LLC 901-221-4041

    Source: MAAR,MLS#: 10197300MLS Logo

      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: Detached, Gravel, 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: 403 days
      • Listing terms: Conventional
      • Inclusions: Some Appliances
      • Lease term: 12 Months
      • Total actual rent: 3280
      • Tenant pays: Some Utilities, Trash Collection, Water/Sewer
      Jeremy R Veldman

      Jeremy R Veldman

      (662) 418-7511

      By pressing Contact Agent, you agree that the real estate professional identified above may call/text you about your search, which may involve use of automated means and pre-recorded/artificial voices. You don't need to consent as a condition of buying any property, goods, or services. Message/data rates may apply. You also agree to our Terms of Use. Zillow does not endorse any real estate professionals. We may share information about your recent and future site activity with your agent to help them understand what you're looking for in a home.

        Estimated market value

        $349,000

        $332,000 - $366,000

        $745/mo

        Price history

        DateEventPrice
        2/26/2026Price change$369,000-2.6%$88/sqft
        Source: MAAR #10197300 Report a problem
        11/6/2025Price change$379,000-2.8%$90/sqft
        Source: MAAR #10197300 Report a problem
        8/18/2025Price change$390,000-7.1%$93/sqft
        Source: MAAR #10197300 Report a problem
        7/30/2025Listed for sale$420,000$100/sqft
        Source: MAAR #10197300 Report a problem
        7/14/2025Pending sale$420,000$100/sqft
        Source: MAAR #10197300 Report a problem
        5/22/2025Listed for sale$420,000+151.5%$100/sqft
        Source: MAAR #10197300 Report a problem
        7/8/2020Sold$167,000-1.2%$40/sqft
        Source: MAAR #10073484 Report a problem
        3/24/2020Listed 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

        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: Downtown

        Getting around

        56 / 100
        Somewhat Walkable
        32 / 100
        Some Transit
        62 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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