Immediate CASH FLOW, turn-key, APARMENT COMPLEX, a great investment opportunity. Bayou Square Apartments, comprised of 76 units. Over 90% occupancy. Incredible ROI and Cap rate. Laundry facility is brand new and a total of 10 buildings. 76 units 16 1/1 and 60 2/1. Newest and nicest in the area, new roof, HVAC, electrical, Plumbing, electric water heater and so much more. Do not miss this opportunity to secure this piece of PRIME commercial real estate.
Sold for $4,560,000
$4,560,000
3236 Millington Rd, Memphis, TN 38127
1beds
0baths
6,606sqft
MultiFamily
Built in 1964
-- sqft lot
$-- Zestimate®
$690/sqft
$1,252 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,252/mo
Zestimate® history
Owner options
List your home for rent
$1,252/mo
Rent Zestimate®
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$1,252/mo
Rent Zestimate®
Refinance and save
$28,058/mo
Est. payment
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$28,058/mo
Est. payment
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 0
Heating
- Forced air
Cooling
- Central
Appliances
- Included: Refrigerator
Interior area
- Total interior livable area: 6,606 sqft
Property
Features
- Exterior features: Brick
Lot
- Size: 4.71 Acres
Details
- Parcel number: 06903300014C
Construction
Type & style
- Home type: MultiFamily
Materials
- Wood
Condition
- Year built: 1964
Community & HOA
Location
- Region: Memphis
Financial & listing details
- Price per square foot: $690/sqft
- Tax assessed value: $2,630,100
- Annual tax amount: $55,451
Price history
| Date | Event | Price |
|---|---|---|
| 8/25/2026 | Listing removed | $5,500,000$833/sqft |
Source: | ||
| 7/10/2026 | Listed for sale | $5,500,000+20.6%$833/sqft |
Source: | ||
| 9/5/2023 | Sold | $4,560,000-8.8%$690/sqft |
Source: Public Record Report a problem | ||
| 3/25/2023 | Listing removed | -- |
Source: BHHS broker feed Report a problem | ||
| 1/7/2023 | Price change | $5,000,000-12.3%$757/sqft |
Source: | ||
| 10/31/2022 | Listed for sale | $5,700,000-12.3%$863/sqft |
Source: | ||
| 9/1/2022 | Listing removed | -- |
Source: BHHS broker feed Report a problem | ||
| 8/31/2022 | Listed for sale | $6,500,000$984/sqft |
Source: BHHS broker feed #10118929 Report a problem | ||
| 8/29/2022 | Contingent | $6,500,000$984/sqft |
Source: | ||
| 5/2/2022 | Price change | $6,500,000+18.2%$984/sqft |
Source: | ||
| 3/21/2022 | Price change | $5,500,000-26.7%$833/sqft |
Source: | ||
| 3/7/2022 | Listed for sale | $7,500,000+2400%$1,135/sqft |
Source: | ||
| 2/3/2017 | Sold | $300,000+900%$45/sqft |
Source: Public Record Report a problem | ||
| 3/17/2016 | Sold | $30,000-62.5%$5/sqft |
Source: Public Record Report a problem | ||
| 4/24/2014 | Sold | $80,000$12/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $55,451 -23.2% | $1,052,040 -4.1% |
| 2024 | $72,231 +8.1% | $1,096,840 |
| 2023 | $66,816 | $1,096,840 |
| 2022 | -- | $1,096,840 |
| 2021 | -- | $1,096,840 +22.9% |
| 2020 | $3,775 | $892,400 +655.5% |
| 2019 | $3,775 -21.1% | $118,120 |
| 2018 | $4,784 -45.1% | $118,120 |
| 2017 | $8,719 -33.5% | $118,120 -54.5% |
| 2016 | $13,102 +226.7% | $259,600 |
| 2014 | $4,010 | -- |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2008 | -- | $251,480 |
| 2007 | -- | $251,480 |
Find assessor info on the county website
Neighborhood: Shelby Forest-Frayser
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Nearby schools
GreatSchools rating
- 4/10Westside Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 4/10Grandview Heights MiddleGrades: 6-8Distance: 2.3 mi
- 3/10Trezevant High SchoolGrades: 9-12Distance: 2.8 mi
- Tennessee
- Shelby County
- Memphis
- 38127
- Shelby Forest-Frayser
- 3236 Millington Rd
Nearby cities
Nearby neighborhoods
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