Six 1/1 units with $50k annual gross income potential. Steps away from St. Jude main campus and perfectly positioned to provide housing to the staff that keep such a great mission going! 5/6 units occupied. Market rents between $550-$695. Lot's of meat on the bones to make this the star of your real estate investment portfolio. No wholesales, creative financing. Do not disturb tenants. Showings with accepted contract for sale (make contingent on inspection).
For sale
$249,000
734 Lane Ave, Memphis, TN 38105
--beds
--baths
3,225sqft
Multi Family
Built in 1953
-- sqft lot
$243,000 Zestimate®
$77/sqft
$-- HOA
What's special
- 40 days
- 214
- 22
Zillow last checked:
Listing updated:
Listed by:
August P Pacente,
Revid Property Management, LLC 901-725-7766
Source: MAAR,MLS#: 10226944
Facts & features
Interior
Heating
- Natural Gas, Wall Furnace
Cooling
- Other (See Remarks)
Appliances
- Included: Electric Water Heater, Gas Water Heater
- Laundry: None
Features
- Flooring: Hardwood, Tile, Vinyl
Interior area
- Total structure area: 3,225
- Total interior livable area: 3,225 sqft
Property
Parking
- Parking features: Offsite/Street
- Has uncovered spaces: Yes
Lot
- Size: 0.26 Acres
- Dimensions: 90 x 128
Details
- Parcel number: 001130 00010
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Slab
- Roof: Shingle/Shake
Condition
- Year built: 1953
Community & HOA
Community
- Subdivision: Carringtons Lane Ave
Location
- Region: Memphis
Financial & listing details
- Price per square foot: $77/sqft
- Annual tax amount: $2,794
- Date on market: 7/25/2026
- Listing terms: Conventional,1031 Exchange
- Lease term: 12 Months
- Total actual rent: 30170
- Tenant pays: All Utilities
Estimated market value
$243,000
$231,000 - $255,000
$1,099/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/25/2026 | Listed for sale | $249,000+10.7%$77/sqft |
Source:  MAAR #10226944 Report a problem | ||
| 12/11/2024 | Listing removed | $525 |
Source: Zillow Rentals Report a problem | ||
| 12/6/2024 | Price change | $525-16% |
Source: Zillow Rentals Report a problem | ||
| 11/8/2024 | Listed for rent | $625 |
Source: Zillow Rentals Report a problem | ||
| 5/21/2024 | Sold | $225,000-2.2%$70/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #3094657 Report a problem | ||
| 3/20/2024 | Pending sale | $230,000$71/sqft |
Source: MAAR #10165048 Report a problem | ||
| 3/4/2024 | Contingent | $230,000$71/sqft |
Source: MAAR #10165048 Report a problem | ||
| 2/2/2024 | Listed for sale | $230,000$71/sqft |
Source: MAAR #10165048 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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