$3,859 Closing Credit¹
#10194704, Listing Office: Fast Track Realty, LLC
$308,000 List price
412 E Mclemore Ave Memphis, TN 38106
$3,658
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, Other, Wall Furnace
StatusActive
CoolingWall/Window Unit(s)
BasementYes
Year built1966
ParkingMore Than 1 Per Unit
MLS #10196554
Summary
- Basement: Yes
- Flooring Type: Dry Wall, Tile
- Parking: More Than 1 Per Unit
- Heating: Floor Furnace, Other, Wall Furnace
- Cooling: Wall/Window Unit(s)
- List Price: $308,000
- 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: 5/16/2025, 4:20:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$308,000
412 E Mclemore Ave
$3,658
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. Most Memphis, TN residents have annual incomes less than $<35k. 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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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 $308,000.
In April 2025, from all listings sold in Memphis, TN there were more than 51 sold above asking price, over 223 sold below and more than 116 were sold right at the asked price. The inventory of homes for sale in Memphis, TN between March and April 2025 increased by 13.8%.
From Rocket Homes Real Estate and based on county public records data.