Sold for $175,000

$175,000

761 Richmond Ave, Memphis, TN 38106

--beds

--baths

3,016sqft

Multi Family

Built in 1969

-- sqft lot

$175,400 Zestimate^®

$58/sqft

$769 Estimated rent

Home value

$175,400

$165,000 - $186,000

$769/mo

Zestimate^® history

Owner options

List your home for rent

$769/mo

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$769/mo

Rent Zestimate^®

Refinance and save

$1,156/mo

Est. payment

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$1,156/mo

Est. payment

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What's special

Investor special with upside potential! This 4-unit multifamily property in South Memphis is 100% occupied and generating approx. $22,800 in annual NOI. Renovated in 2016, offering updated systems and layout improvements. Great location minutes from Downtown, the STAX Museum, and major transit routes. One unit remains vacant, allowing for rental upside or light owner/occupant conversion. Class D property—sold as-is. Please do not disturb tenants. Showings available with accepted offer only.

Facts & features

Interior

Heating

Central

Cooling

2+ Window Units per Unit

Appliances

Included: Gas Water Heater
Laundry: Connections

Features

Flooring: Tile
Furnished: Yes

Interior area

Total interior livable area: 3,016 sqft

Property

Parking

Parking features: More Than 1 Per Unit

Features

Stories: 2

Lot

Size: 9,600 Square Feet
Dimensions: 48 x 200

Details

Parcel number: 025072 00009
Zoning: R-6

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick, Dry Wall
Foundation: Slab
Roof: Shingle/Shake

Condition

Year built: 1969

Community & HOA

Community

Subdivision: Mc Nutt

Location

Region: Memphis

Financial & listing details

Price per square foot: $58/sqft
Annual tax amount: $1,067
Date on market: 9/18/2025
Cumulative days on market: 103 days
Listing terms: Conventional,Assumable,Cash Only,Private Financing Available,Owner Mortgage
Inclusions: All Furnishings
Lease term: 12 Months
Total actual rent: 23100
Tenant pays: All Utilities

Price history

Date	Event	Price
11/26/2025	Sold	$175,000-12.5%$58/sqft
Source: MAAR #10196578 Report a problem
10/23/2025	Pending sale	$200,000$66/sqft
Source: MAAR #10196578 Report a problem
9/18/2025	Listed for sale	$200,000-20%$66/sqft
Source: MAAR #10196578 Report a problem
7/30/2025	Listing removed	$250,000$83/sqft
Source: MAAR #10196578 Report a problem
6/6/2025	Price change	$250,000-10.7%$83/sqft
Source: MAAR #10196578 Report a problem
5/13/2025	Listed for sale	$280,000$93/sqft
Source: MAAR #10196578 Report a problem