2 days on Rocket
$3,658 Closing Credit¹
#10196554, Listing Office: Harris & Harris Realty Group,
$280,000 List price
761 Richmond Ave Memphis, TN 38106
$3,325
Closing credit¹
Multi-Family
Property details
About 761 Richmond Ave
Investor special with upside potential! This 4-unit multifamily property in South Memphis is 100% occupied and generating approx. $22,800 in annual NOI. Renovated in 2016, offering updated systems and layout improvements. Great location minutes from Downtown, the STAX Museum, and major transit routes. One unit remains vacant, allowing for rental upside or light owner/occupant conversion. Class D property—sold as-is. Please do not disturb tenants. Showings available with accepted offer only.
Highlights
Home typeQuadruplex
HeatingCentral
StatusActive
CoolingWall/Window Unit(s)
BasementYes
Year built1969
ParkingMore Than 1 Per Unit
MLS #10196578
Summary
- Basement: Yes
- Flooring Type: Dry Wall, Tile
- Parking: More Than 1 Per Unit
- Heating: Central
- Cooling: Wall/Window Unit(s)
- List Price: $280,000
- Annual Tax Amount: $986
- Tax Year: 2024
- Directions: From Downtown Memphis: Head south on S Main St, turn left onto Dr. Martin Luther King Jr. Ave, continue onto E McLemore Ave, then turn right onto S Lauderdale St. Turn left onto Richmond Ave; property is on the right.
- Year Built: 1969
- Stories: 2
- MLS Number: 10196578
- 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, 7:20:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$280,000
761 Richmond Ave
$3,325
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 | $16,200 | $986 |
| 2023 | $16,200 | $986 |
| 2022 | $16,200 | $998 |
| 2021 | $16,200 | $998 |
| 2020 | $15,160 | $1,098 |
| 2019 | $15,160 | $1,098 |
| 2018 | $15,160 | $623 |
| 2017 | $15,160 | $631 |
History based on county public records data.
Nearby schools
5
Circles of Success Learning Academy
Public Charter KG-5
0.3 mi
•867 S Parkway E
3
Memphis Delta Preparatory
Public Charter KG-5
0.4 mi
•1237 College St
3
A. B. Hill Elementary School
Public District PK-5
0.8 mi
•345 E Olive 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 $17,589. Residents of Memphis, TN typically earn less than $<35k each year. Typical family type 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?
77%
<35k
16%
35k-100k
8%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
59%
Single, No Kids
26%
Single, with Kids
10%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
11%
12-17 yrs old
20%
18-34 yrs old
38%
35-64 yrs old
14%
65+ yrs old
What do the neighbors do for fun?
NHRA Drag Racing
UFC
Figure Skating
Where do the neighbors shop?
Big Lots
Family Dollar
Burlington
Where do the neighbors go to eat?
Golden Corral
Burger King
Church's Chicken
What do the neighbors drive?
Kia
Buick
Cadillac
What do the neighbors listen to?
Adult Standards
Urban Contemporary
Jazz
All data provided by Home Junction and Claritas
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This home is located at 761 Richmond 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 $280,000.
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. Between March and April 2025, Memphis, TN real estate market has seen increase in the number of listings by 13.8%.
From Rocket Homes Real Estate and based on county public records data.