860 N 7th St Memphis, TN 38107
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
- MLS Number: 10193402
- Office Name: Fast Track Realty, LLC
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/17/2025, 11:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$630,000
860 N 7th St
$7,481
closing credit¹
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0.5% sale price²
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. The majority of Memphis, TN residents have income less than $<35k annually. The majority of 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
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 $630,000.
Memphis, TN housing market in March 2025 saw over 46 listings sold above listed price, more than 105 sold at listed price and over 216 sold below. Between February and March 2025, Memphis, TN real estate market has seen increase in the number of listings by 14.8%.