Sold for $86,000

$86,000

655 E McLemore Ave, Memphis, TN 38106

--beds

--baths

4,600sqft

Multi Family

Built in 1936

-- sqft lot

$143,900 Zestimate^®

$19/sqft

$987 Estimated rent

Home value

$143,900

$105,000 - $193,000

$987/mo

Zestimate^® history

Owner options

List your home for rent

$987/mo

Rent Zestimate^®

Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

Learn more

$987/mo

Rent Zestimate^®

Refinance and save

$432/mo

Est. payment

Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

See today's rates

$432/mo

Est. payment

Explore your selling options

Work with a Zillow partner agent

Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

Get started

List with your own agent

Get your home in front of millions of buyers by listing it on Zillow.

Learn how to do it

Sell it yourself

Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

List your home

What's special

The asset at 655 E McLemore is a four-unit value-add property. The property is currently running at a 25% occupancy, with all of the units in need of full renovations. Each unit is two bedrooms with one full bathroom. The current tenant is paying $375 a month. The market rent for this unit type is approximately $700-$800 a month. Renovations are recommended to generate the market rent which is attainable due to the location of the property.

Facts & features

Interior

Heating

Other (See Remarks)

Cooling

Other (See Remarks)

Appliances

Laundry: Connections

Features

Flooring: Hardwood
Basement: Full

Interior area

Total interior livable area: 4,600 sqft

Property

Parking

Parking features: Asphalt/Blacktop

Features

Stories: 2

Lot

Size: 8,500 Square Feet
Dimensions: 50 x 170

Details

Parcel number: 025043 00004

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick
Roof: Pitched,Shingle/Shake

Condition

Year built: 1936

Utilities & green energy

Water: Public

Community & HOA

Community

Subdivision: Pond

Location

Region: Memphis

Financial & listing details

Price per square foot: $19/sqft
Annual tax amount: $724
Date on market: 12/6/2023
Cumulative days on market: 130 days
Listing terms: Other (Call LA)
Lease term: Other (Call LA)
Tenant pays: Electricity, Gas

Price history

Date	Event	Price
4/16/2024	Sold	$86,000-28.3%$19/sqft
Source: MAAR #10162170 Report a problem
12/6/2023	Listed for sale	$120,000+263.6%$26/sqft
Source: MAAR #10162170 Report a problem
5/4/2012	Sold	$33,000-5.7%$7/sqft
Source: MAAR #3227853 Report a problem
2/11/2012	Listed for sale	$35,000$8/sqft
Source: First National Realty #3227853 Report a problem