Property details
About 860 N 7th St
This 14-unit apartment complex features 2-bedroom, 1-bathroom units, with 6 rented on a month-to-month basis and the rest vacant. While the property requires some work, an engineering report is available to outline necessary repairs and improvements, and interior/exterior photos can be provided for review. This presents a great opportunity for an investor to add value through renovations and capitalize on rental income growth. Showings with accepted offer only. Information is deemed reliable but not guarantee buyer to do due diligence.
Highlights
Summary
- Flooring Type: Other (See Remarks)
- Parking: Asphalt/Blacktop
- Heating: Other
- Cooling: Other
- List Price: $589,000
- Annual Tax Amount: $3,131
- Tax Year: 2024
- Directions: Follow I-40 W to Smith Ave. Take exit 2 from I-40 W Take Firestone Ave and Thomas St to N 7th St
- Year Built: 1960
- MLS Number: 10193402
- Office Name: Fast Track 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: 7/1/2025, 12:45:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 31, 2022 | Home Sold | $525,000 |
| Apr 27, 2012 | Home Sold | $120,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $51,400 | $3,131 |
| 2023 | $51,400 | $3,131 |
| 2022 | $51,400 | $3,436 |
| 2021 | $51,400 | $3,436 |
| 2020 | $45,040 | $3,263 |
| 2019 | $45,040 | $3,491 |
| 2018 | $45,040 | $1,851 |
| 2017 | $45,040 | $1,536 |
History based on county public records data.
Nearby schools
3
Kipp Memphis Collegiate Elementary School
Public Charter KG-4
0.2 mi
•230 Henry Ave
3
Memphis Scholars Caldwell-Guthrie (ASD)
Public Charter PK-5
0.7 mi
•951 Chelsea Ave
3
Downtown Elementary School
Public Magnet PK-5
1.5 mi
•10 N 4th St
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 $33,676. Typical income of Memphis, TN residents is less than $<35k annually. Most families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
UFC
NHRA Drag Racing
Figure Skating
Where do the neighbors shop?
Family Dollar
Big Lots
Burlington
Where do the neighbors go to eat?
Burger King
Golden Corral
Church's Chicken
What do the neighbors drive?
Buick
Kia
Cadillac
What do the neighbors listen to?
Urban Contemporary
Adult Standards
Jazz
Frequently asked questions
About 860 N 7th St
The listing price of 860 N 7th St property is $589,000.
The property 860 N 7th St is a condo located in Memphis, Tennessee, 38107.
Active Listing: 860 N 7th St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 860 N 7th St are: Kipp Memphis Collegiate Elementary School (GreatSchools Rating 3/10), Memphis Scholars Caldwell-Guthrie (ASD) (GreatSchools Rating 3/10), Downtown Elementary School (GreatSchools Rating 3/10), Kipp Memphis Collegiate Middle School (GreatSchools Rating 5/10), Humes Preparatory Academy (ASD) (GreatSchools Rating 4/10), Believe Memphis Academy Charter School (GreatSchools Rating 3/10), Manassas High School (GreatSchools Rating 2/10), Crosstown High School (GreatSchools Rating 5/10), Northwest Preparatory Academy (GreatSchools Rating 1/10).
According to the records, the last property tax for 2024 is $3,131 (source: MLS/based on county public records data).
The last sale was on January 31, 2022 for $525,000 (source: MLS/tax record).
The property at 860 N 7th St has 0 bathroom.
The year of construction for 860 N 7th St is 1960.
This home is located at 860 N 7th St in Memphis, TN and zip code 38107 in the Downtown neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since April 2, 2025 and is currently priced at $589,000.
In May 2025, from all listings sold in Memphis, TN there were more than 70 sold above asking price, over 263 sold below and more than 110 were sold right at the asked price. The number of listings in Memphis, TN increased by 11.3% between April and May 2025. While the average time on the market in May 2025 was 10 days, the median list price was $220,000.