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For sale
  • Price cut: $30K (8/18)
    $390,000

    487 Williams Ave, Memphis, TN 38126

    --beds
    --baths
    --sqft
    : 
    Multi Family
    Built in 1964
    -- sqft lot
    $378,300 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    6-UNIT APARTMENT BUILDING LOADED WITH POTENTIAL! Owner has put ~$140,000 in renovations into the building over his tenure of ownership including- refurbishing all 6 units and replacing the sewer (March 2025). 2 units rented, 2 units moving out soon, 2 units vacant and need clean out and refresh to make rent ready. Wall heaters need to be repaired or replaced. Building being sold 'as is.' Leases, rent rolls and maintenance records available upon request. Call for showings. No wholesale, seller financing, or creative offers. Please do not disturb tenants.
    95 days
    on Zillow
    |
    346
    |
    18
    |

    Zillow last checked: 7 hours ago

    Listing updated: August 18, 2025 at 09:16am

    Listed by:

    Jeremy R Veldman,

    KAIZEN Realty, LLC 901-221-4041

    Source: MAAR,MLS#: 10197300MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 487 Williams Ave.

    Next available tour time:Today at 6pm

    Facts & features

    Interior

    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Gas Water Heater
    • Laundry: Washer in Unit, Dryer in Unit
    Features
    • Flooring: Partial Carpet

    Property

    Parking
    • Parking features: Gravel, Detached, More Than 1 Per Unit
    Lot
    • Size: 8,500 Square Feet
    • Dimensions: 50 x 170
    Details
    • Parcel number: 025013 00006

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    • Foundation: Slab
    • Roof: Shingle/Shake
    Condition
    • Year built: 1964

    Community & HOA

    Community
    • Subdivision: Wilson
    Location
    • Region: Memphis

    Financial & listing details

    • Annual tax amount: $1,335
    • Date on market: 5/22/2025
    • Listing terms: Conventional
    • Inclusions: Some Appliances
    • Lease term: 12 Months
    • Total actual rent: 3280
    • Tenant pays: Some Utilities, Water/Sewer, Trash Collection
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