For sale

$369,000

487 Williams Ave, Memphis, TN 38126

--beds

--baths

4,200sqft

$2,468/mo

Get pre-qualified

Multi Family

Built in 1964

-- sqft lot

$347,000 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.

468 days
166
11

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: 451 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

$347,000

$330,000 - $364,000

$887/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