$3,658 Closing Credit¹
#10196554, Listing Office: Harris & Harris Realty Group,
$420,000 List price
487 Williams Ave Memphis, TN 38126
$4,988
Closing credit¹
Multi-Family
Property details
About 487 Williams Ave
ATTENTION INVESTORS! 6-UNIT APARTMENT BUILDING. Owner has put ~$140,000 in renovations into the building over his tenure of ownership including- refurbishing all 6 units. 4 units rented ($795, $795, $825, $865), 2 units vacant and move in ready. Unit 1- leased until 3/31/2026, Unit 2- leased until 12/31/2025, Units 3 & 4 – vacant, Unit 5- leased until 10/30/2025, Unit 6- leased until 10/31/2025. Leases, rent rolls and maintenance records available upon request. No wholesale, seller financing, or creative offers. No showings without an accepted offer. Please do not disturb tenants.
Highlights
Home typeMulti Family
HeatingCentral
StatusActive
CoolingCentral Air
BasementYes
Year built1964
ParkingDetached, Gravel, More Than 1 Per Unit
MLS #10197300
Summary
- Basement: Yes
- Flooring Type: Partial Carpet
- Parking: Detached, Gravel, More Than 1 Per Unit
- Heating: Central
- Cooling: Central Air
- List Price: $420,000
- Annual Tax Amount: $1,235
- Tax Year: 2024
- Directions: Get on I-240 W. Get on I-240 W. Merge onto Cummings St. Turn left onto E McLemore Ave. Turn right onto S Wellington St. Turn right onto Williams Ave.
- Year Built: 1964
- MLS Number: 10197300
- Office Name: KAIZEN 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: 5/30/2025, 9:20:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$420,000
487 Williams Ave
$4,988
closing credit¹
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0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 09, 2020 | Home Sold | $167,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $20,280 | $1,235 |
| 2023 | $20,280 | $1,235 |
| 2022 | $20,280 | $1,249 |
| 2021 | $20,280 | $1,249 |
| 2020 | $18,920 | $1,370 |
| 2019 | $18,920 | $1,370 |
| 2018 | $18,920 | $777 |
| 2017 | $18,920 | $779 |
History based on county public records data.
Nearby schools
3
A. B. Hill Elementary School
Public District PK-5
0.9 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
1.2 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 $25,116. Typical income of Memphis, TN residents is less than $<35k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
77%
<35k
22%
35k-100k
1%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
62%
Single, No Kids
29%
Single, with Kids
5%
Married, No Kids
4%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
12%
12-17 yrs old
19%
18-34 yrs old
41%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
UFC
Figure Skating
NHRA Drag Racing
Where do the neighbors shop?
Family Dollar
Big Lots
Burlington
Where do the neighbors go to eat?
Burger King
Church's Chicken
Golden Corral
What do the neighbors drive?
Buick
Cadillac
Kia
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 487 Williams Ave in Memphis, TN and zip code 38126 in the South Memphis neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since May 22, 2025 and is currently priced at $420,000.
Memphis, TN housing market in April 2025 saw over 51 listings sold above listed price, more than 116 sold at listed price and over 223 sold below. The number of homes for sale in Memphis, TN increased by 13.8% between March and April 2025.
From Rocket Homes Real Estate and based on county public records data.