Investor's Dream! Don’t miss out on this six-unit apartment building. Each unit offers 2 bedrooms and 1 bathroom. Can potentially generate $7,080 in monthly rental income, with section 8 tenants. Each unit has its own electric meter, keeping expenses streamlined.
Closed
$326,000
519 Simpson Ave, Memphis, TN 38106
--beds
--baths
3,618sqft
Multi Family
Built in 1959
-- sqft lot
$322,300 Zestimate®
$90/sqft
$708 Estimated rent
Home value
$322,300
$300,000 - $345,000
$708/mo
Zestimate® history
Owner options
List your home for rent
$708/mo
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$708/mo
Rent Zestimate®
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$1,995/mo
Est. payment
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$1,995/mo
Est. payment
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Zillow last checked:
Listing updated:
Listing Provided by:
Jonathan Nunez 901-453-8455,
Fast Track Realty
Bought with:
Sandra Villamil
Keller Williams Realty
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3054940
Facts & features
Interior
Cooling
- Other
Appliances
- Laundry: None
Features
- Flooring: Tile
Interior area
- Total structure area: 3,618
- Total interior livable area: 3,618 sqft
Property
Features
- Levels: Three Or More
Lot
- Size: 9,000 sqft
- Dimensions: 72 x 125
Details
- Parcel number: 025041 00013
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Roof: Other
Condition
- New construction: No
- Year built: 1959
Community & neighborhood
Location
- Region: Memphis
- Subdivision: Trigg
Price history
| Date | Event | Price |
|---|---|---|
| 5/19/2025 | Sold | $326,000-11.9%$90/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #3054940 Report a problem | ||
| 5/1/2025 | Pending sale | $370,000$102/sqft |
Source:  MAAR #10194705 Report a problem | ||
| 4/21/2025 | Listed for sale | $370,000-7%$102/sqft |
Source: MAAR #10194705 Report a problem | ||
| 10/19/2023 | Listing removed | -- |
Source: MAAR #10154879 Report a problem | ||
| 8/21/2023 | Listed for sale | $397,700$110/sqft |
Source: MAAR #10154879 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 3/10A B Hill Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 6/10Ida B Wells AcademyGrades: K-8Distance: 0.4 mi
- 3/10Hamilton High SchoolGrades: 9-12Distance: 1.9 mi
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- Tennessee
- Shelby County
- Memphis
- 38106
- Downtown
- 519 Simpson Ave
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