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!
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
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#: 10189200

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