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Sold for $219,390 on 05/09/25
  • $219,390

    741 Neptune St, Memphis, TN 38104

    --beds
    --baths
    --sqft
    Quadruplex
    Built in 1956
    -- sqft lot
    $219,400 Zestimate®
    $--/sqft
    $1,250 Estimated rent

    What's special

    Turnkey 4-Unit Investment ~ $2,500/Month Potential Income when 100% occupied ~ long term investors, house hackers and 1031 buyers, take notice! This cash-flowing 4-unit property is a prime investment opportunity with steady rental income and a vacant unit perfect for an owner-occupant or new tenant ~ just minutes from the Medical District, Downtown, and major employers, this property offers strong rental demand and long-term appreciation potential ~ each unit is a 1 bed / 1 bath ~ 3 of 4 units already rented at $625/month, and the vacant unit ready to be rented at the same rate, this property could gross $30,000/yr!! Recent updates/highlights: New roof 2020 ~ 3/4 units recently updated, including HVAC, kitchens, baths, and flooring providing a fully turnkey property with some value add potential ~ Low-maintenance ~ private parking ~ high cap rate opportunity in a growing rental market ~ call today for your private showing of this great investment opportunity!

    Zillow last checked: 7 hours ago

    Listing updated: May 13, 2025 at 01:10pm

    Listed by:

    Donnie K Morrow,

    eXp Realty, LLC

    Bought with:

    Timishia D Ortiz

    eXp Realty, LLC

    Source: MAAR,MLS#: 10189200MLS Logo

    Facts & features

    Interior

    Heating
    • Wall Furnace
    Cooling
    • 1 Window Unit per Unit
    Appliances
    • Included: Gas Water Heater
    • Laundry: None
    Features
    • Flooring: Tile

    Property

    Parking
    • Parking features: Concrete
    Features
    • Stories: 2
    Lot
    • Dimensions: 55X105
    Details
    • Parcel number: 032011 00016

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Brick
    • Foundation: Slab
    • Roof: Composition
    Condition
    • Year built: 1956

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Memphis
    • Subdivision: Turners Neptune Street Re

    Other

    Other facts
    • Listing terms: Conventional
    Services availability
    Sell for more on Zillow
    Get a free Zillow Showcase℠ listing and you could sell for .
    $219,400
    2% more+ $4,388
    With Zillow Showcase(estimated)
    $223,788