$2,969 Closing Credit¹
#10196578, Listing office: Harris & Harris Realty Group,
$250,000 List price
412 E Mclemore Ave Memphis, TN 38106
$2,969
Closing credit¹
Multi-Family
Property details
About 412 E Mclemore Ave
Great investment opportunity in South Memphis! This 4-unit multifamily is fully occupied and brings in approx. $24,600 in annual net operating income. Renovated in 2016 with updated systems. Located minutes from Downtown, the STAX Museum, and historic Soulsville. Each unit is separately metered, and the property is professionally managed. Steady income in an area experiencing revitalization makes this ideal for long-term investors. Please do not disturb tenants. Showings by accepted offer only.
Highlights
Home typeQuadruplex
HeatingFloor Furnace, Wall Furnace, Other
StatusActive
CoolingWall/Window Unit(s)
BasementYes
Year built1966
ParkingMore Than 1 Per Unit
MLS #10196554
Summary
- Basement: Yes
- Flooring Type: Tile, Dry Wall
- Parking: More Than 1 Per Unit
- Heating: Floor Furnace, Wall Furnace, Other
- Cooling: Wall/Window Unit(s)
- List Price: $250,000
- Annual Tax Amount: $916
- Tax Year: 2024
- Directions: From Downtown Memphis Take Dr. MLK Jr. Ave East, continue onto E Mclemore Ave. Property is on the right past S Lauderdale St. Just 8 minutes from Beale Street & South Main.
- Year Built: 1966
- Stories: 2
- MLS Number: 10196554
- Office Name: Harris & Harris Realty Group,
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: 6/6/2025, 5:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$250,000
412 E Mclemore Ave
$2,969
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 15, 2016 | Home Sold | $216,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $15,040 | $916 |
| 2023 | $15,040 | $916 |
| 2022 | $15,040 | $926 |
| 2021 | $15,040 | $926 |
| 2020 | $14,080 | $1,020 |
| 2019 | $14,080 | $1,020 |
| 2018 | $14,080 | $578 |
| 2017 | $14,080 | $585 |
History based on county public records data.
Nearby schools
3
A. B. Hill Elementary School
Public District PK-5
0.4 mi
•345 E Olive Ave
3
Memphis Delta Preparatory
Public Charter KG-5
1.0 mi
•1237 College St
5
Circles of Success Learning Academy
Public Charter KG-5
1.0 mi
•867 S Parkway E
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 $22,981. Typical income of Memphis, TN residents is less than $<35k annually. Most families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
66%
<35k
29%
35k-100k
4%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
57%
Single, No Kids
29%
Single, with Kids
4%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
21%
<11 yrs old
12%
12-17 yrs old
22%
18-34 yrs old
35%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
UFC
Figure Skating- Pro Boxing
Where do the neighbors shop?
Family Dollar
Burlington
Big Lots
Where do the neighbors go to eat?
Burger King
Church's Chicken
Popeyes
What do the neighbors drive?
Buick
Cadillac
Dodge
What do the neighbors listen to?
Urban Contemporary
Jazz
Adult Standards
All data provided by Home Junction and Claritas
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Frequently asked questions
About 412 E Mclemore Ave
The listing price of 412 E Mclemore Ave property is $250,000.
The property 412 E Mclemore Ave is a multi located in Memphis, Tennessee, 38106.
Active Listing: 412 E Mclemore Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 412 E Mclemore Ave are: A. B. Hill Elementary School (GreatSchools Rating 3/10), Memphis Delta Preparatory (GreatSchools Rating 3/10), Circles of Success Learning Academy (GreatSchools Rating 5/10), Ida B. Wells Academy Elementary School/Middle School (GreatSchools Rating 2/10), Cummings School (GreatSchools Rating 4/10), City University School Girls Preparatory (GreatSchools Rating 5/10), Hollis F. Price Middle College (GreatSchools Rating 5/10), Booker T. Washington High School (GreatSchools Rating 3/10), Soulsville Charter School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $916 (source: MLS/based on county public records data).
The last sale was on July 15, 2016 for $216,500 (source: MLS/tax record).
The year of construction for 412 E Mclemore Ave is 1966.
This home is located at 412 E Mclemore Ave in Memphis, TN and zip code 38106 in the South Memphis neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since May 13, 2025 and is currently priced at $250,000.
While more than 70 listings in Memphis, TN in May 2025 were sold above asking price, there were more than 110 listings sold at asking price, and more than 263 were sold below. The number of listings in Memphis, TN increased by 11.3% between April and May 2025. In May 2025 median list price was $220,000 and the average listing age was 10 days.
From Rocket Homes Real Estate and based on county public records data.