Excellent investment opportunity! This triplex offers three separate living units, each with its own charm and income potential. The main level features a 2-bedroom, 1-bath unit with a comfortable layout and easy access to the shared outdoor areas. Upstairs, you’ll find a 1-bedroom, 1-bath unit with a private side entrance—ideal for added privacy or tenant convenience. In addition, there’s a detached garage with a 1-bedroom, 1-bath apartment above, offering even more flexibility for rental income or guest accommodations. Each unit is individually designed to maximize livability and function while keeping maintenance simple. Whether you’re expanding your rental portfolio or searching for a multi-unit property to live in while generating income, this triplex delivers solid potential. Conveniently located near shopping, dining, and main commuter routes, it’s a great find for investors seeking reliable returns and long-term value.
For sale
Price cut: $24.3K (12/9)
$460,750
2006 Felix Ave, Memphis, TN 38104
--beds
--baths
1,211sqft
Est.:
Multi Family
Built in 1912
-- sqft lot
$444,800 Zestimate®
$380/sqft
$-- HOA
What's special
Detached garagePrivate side entranceShared outdoor areasComfortable layoutMaximize livability
- 50 days |
- 133 |
- 5 |
Zillow last checked: 8 hours ago
Listing updated: December 09, 2025 at 06:27am
Listed by:
Jeffry J Goff,
Keller Williams 901-261-7900,
Pamela R Colvin,
Keller Williams
Source: MAAR,MLS#: 10208871
Tour with a local agent
Facts & features
Interior
Heating
- Natural Gas
Cooling
- 2+ Window Units per Unit
Appliances
- Included: Gas Water Heater
- Laundry: Connections
Features
- Flooring: Tile, Wood Laminate Floors
- Basement: Crawl Space
Interior area
- Total interior livable area: 1,211 sqft
Property
Parking
- Parking features: Concrete
Features
- Stories: 1.5
- Exterior features: Sidewalks, Ceiling Fan(s)
Lot
- Size: 7,536 Square Feet
- Dimensions: 71 x 146
Details
- Parcel number: 031122 00041
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood/Composition
- Roof: Composition
Condition
- Year built: 1912
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: J J Williams
Location
- Region: Memphis
Financial & listing details
- Price per square foot: $380/sqft
- Tax assessed value: $283,300
- Annual tax amount: $4,664
- Date on market: 10/31/2025
- Cumulative days on market: 51 days
- Listing terms: Conventional,FHA/VA
- Lease term: None
- Tenant pays: Other (Call LA)
Estimated market value
$444,800
$423,000 - $467,000
$1,574/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/9/2025 | Price change | $460,750-5%$380/sqft |
Source: | ||
| 10/31/2025 | Listed for sale | $485,000-1%$400/sqft |
Source: | ||
| 8/1/2025 | Listing removed | $490,000$405/sqft |
Source: | ||
| 5/24/2025 | Price change | $490,000-3.9%$405/sqft |
Source: | ||
| 3/14/2025 | Listed for sale | $510,000+92.5%$421/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,664 +8.1% | $70,825 |
| 2023 | $4,314 | $70,825 |
| 2022 | -- | $70,825 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,724/mo
Principal & interest
$2229
Property taxes
$334
Home insurance
$161
Climate risks
Neighborhood: Midtown
Nearby schools
GreatSchools rating
- 3/10Peabody Elementary SchoolGrades: PK-5Distance: 0.2 mi
- NAHamilton Middle SchoolGrades: 6-9Distance: 1.5 mi
- 4/10Central High SchoolGrades: 9-12Distance: 1.7 mi
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