$10,000 Closing Credit¹
#10185043, Listing Office: Woodyard Realty Corp
Property details
About 1076 Merriwether Ave
Attractive investment opportunity with strong in-place tenancy and significant value-add potential through rent growth. Gated community features beautifully updated units with high-end finishes, including quartz countertops, white shaker cabinets, luxury vinyl plank flooring, marble-style bathrooms, and stainless steel appliances. Stable tenant base with upside potential for further income growth. 82% Occupied, Fully Renovated.
Highlights
Home typeCondominium
HeatingNatural Gas
StatusActive
CoolingCentral Air
Year built1960
ParkingAsphalt/Blacktop
MLS #10195247
Summary
- Flooring Type: Vinyl Floor
- Parking: Asphalt/Blacktop
- Heating: Natural Gas
- Cooling: Central Air
- List Price: $2,975,000
- Annual Tax Amount: $9,839
- Tax Year: 2024
- Directions: Right onto merriwether, building sits on left side.
- Year Built: 1960
- Stories: 2
- MLS Number: 10195247
- Office Name: Franchise Realty, LLC
Copyright© 2025 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2025, 5:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,975,000
1076 Merriwether Ave
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 10, 2020 | Home Sold | $642,000 |
| Apr 03, 2017 | Home Sold | $467,500 |
| Dec 30, 2015 | Home Sold | $2,879,400 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $161,520 | $9,839 |
| 2023 | $161,520 | $9,839 |
| 2022 | $161,520 | $9,954 |
| 2021 | $161,520 | $9,954 |
| 2020 | $93,160 | $6,750 |
| 2019 | $93,160 | $6,750 |
| 2018 | $93,160 | $3,828 |
| 2017 | $93,160 | $1,613 |
History based on county public records data.
Nearby schools
4
Bruce Elementary School
Public District PK-5
1.1 mi
•581 S Bellevue Blvd
3
Downtown Elementary School
Public Magnet PK-5
1.3 mi
•10 N 4th St
3
Memphis Scholars Caldwell-Guthrie (ASD)
Public Charter PK-5
1.4 mi
•951 Chelsea Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $38,106. Most Memphis, TN residents have annual incomes between $35k-100k. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
43%
<35k
57%
35k-100k
0%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
58%
Single, No Kids
21%
Single, with Kids
6%
Married, No Kids
15%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
20%
<11 yrs old
6%
12-17 yrs old
41%
18-34 yrs old
31%
35-64 yrs old
2%
65+ yrs old
What do the neighbors do for fun?
UFC
Figure Skating
Pro Wrestling
Where do the neighbors shop?
Family Dollar
Burlington
Express/Express For Men
Where do the neighbors go to eat?
Burger King
Church's Chicken
Cicis Pizza
What do the neighbors drive?
Buick
Cadillac
Pontiac
What do the neighbors listen to?
Urban Contemporary
Jazz
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Memphis, TN
Memphis features a comprehensive transport infrastructure that includes a public transit system serving residents and visitors alike. The city's layout and road network facilitate easy commuting by car, with major highways connecting Memphis to surrounding areas. While certain neighborhoods are known for their walkability, the city as a whole is continuously working to improve pedestrian and bike paths to enhance accessibility and encourage eco-friendly modes of transport.
The community benefits from a well-rounded selection of services, including a network of public and private schools that cater to educational needs at all levels. Healthcare facilities are distributed throughout the city, offering a range of services from routine care to specialized treatments. Public libraries serve as valuable resources for residents, and the city's retail and dining establishments reflect the local culture, with an emphasis on Southern cuisine and unique boutiques.
Memphis is celebrated for its vibrant music scene and rich cultural heritage, which are integral to the city's character. The community prides itself on being the home of blues, soul, and rock 'n' roll, with landmarks such as Beale Street and the annual Memphis in May festival highlighting its musical legacy. The city's character is further defined by its friendly residents and a sense of small-town camaraderie amidst its urban setting.
Memphis offers a diverse array of housing options, with single-family homes being a significant part of the market. Architectural styles range from charming historic bungalows to sleek contemporary new builds. The housing landscape is varied, with a mix of older homes that reflect the city's rich history and newer developments that cater to modern living preferences. While the homeownership rate is robust, there is also a healthy rental market that provides options for those not looking to buy.
About 1076 Merriwether Ave
The listing price of 1076 Merriwether Ave property is $2,975,000.
The property 1076 Merriwether Ave is a condo located in Memphis, Tennessee, 38105.
Active Listing: 1076 Merriwether Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1076 Merriwether Ave are: Bruce Elementary School (GreatSchools Rating 4/10), Downtown Elementary School (GreatSchools Rating 3/10), Memphis Scholars Caldwell-Guthrie (ASD) (GreatSchools Rating 3/10), City University School Girls Preparatory (GreatSchools Rating 5/10), Humes Preparatory Academy (ASD) (GreatSchools Rating 4/10), Bellevue Middle School (GreatSchools Rating 5/10), Northwest Preparatory Academy (GreatSchools Rating 1/10), Memphis Academy of Science Engineering Middle/High (GreatSchools Rating 4/10), Crosstown High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2024 is $9,839 (source: MLS/based on county public records data).
The last sale was on November 10, 2020 for $642,000 (source: MLS/tax record).
The property at 1076 Merriwether Ave has 0 bathroom.
The year of construction for 1076 Merriwether Ave is 1960.
This home is located at 1076 Merriwether Ave in Memphis, TN and zip code 38105. Features: 0 bathroom. It has been listed on Rocket Homes since April 28, 2025 and is currently priced at $2,975,000.
While more than 46 listings in Memphis, TN in March 2025 were sold above asking price, there were more than 105 listings sold at asking price, and more than 216 were sold below. The inventory of homes for sale in Memphis, TN between February and March 2025 increased by 14.8%.
From Rocket Homes Real Estate and based on county public records data.