$5,641 Closing Credit¹
#10193706, Listing Office: Harbur Realty
$200,000 List price
877 Polk Ave Memphis, TN 38126
$2,375
Closing credit¹
Multi-Family
Property details
About 877 Polk Ave
Investor special on this 4plex offers an excellent investment opportunity. Each unit features 1 bedroom and 1 bathroom, with standard renovations completed to make the property rent-ready. The property is being sold as-is and can be delivered vacant, providing flexibility for the new owner. Previously appraised for $215k and is back on the market due to no fault of the seller. Currently, one unit is occupied by a long-term tenant, while the remaining units are ready for immediate occupancy. Previous rental rates ranged from $700 to $775, with potential to increase to $875–$900 per unit. Don't miss this chance to own a solid income-producing. Serious offers only . Do not disturb tenant.
Highlights
Home typeQuadruplex
HeatingNatural Gas
StatusActive
CoolingWall/Window Unit(s)
BasementYes
Year built1957
ParkingOffsite/Street
MLS #10196507
Summary
- Basement: Yes
- Flooring Type: Vinyl Floor
- Parking: Offsite/Street
- Heating: Natural Gas
- Cooling: Wall/Window Unit(s)
- List Price: $200,000
- Annual Tax Amount: $1,123
- Tax Year: 2024
- Directions: Right on Neptune , Right on Polk
- Year Built: 1957
- Stories: 2
- MLS Number: 10196507
- 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: 5/16/2025, 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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$200,000
877 Polk Ave
$2,375
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 01, 2022 | Home Sold | $85,000 |
| Mar 27, 2019 | Home Sold | $47,000 |
| Mar 31, 2004 | Home Sold | $75,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $18,440 | $1,123 |
| 2023 | $18,440 | $1,123 |
| 2022 | $18,440 | $1,136 |
| 2021 | $18,440 | $1,136 |
| 2020 | $11,080 | $802 |
| 2019 | $11,080 | $802 |
| 2018 | $11,080 | $455 |
| 2017 | $11,080 | $457 |
History based on county public records data.
Nearby schools
4
Bruce Elementary School
Public District PK-5
0.6 mi
•581 S Bellevue Blvd
3
Memphis Delta Preparatory
Public Charter KG-5
1.0 mi
•1237 College St
5
Circles of Success Learning Academy
Public Charter KG-5
1.4 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 $16,549. The majority of Memphis, TN residents have income less than $<35k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
85%
<35k
7%
35k-100k
6%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
57%
Single, No Kids
31%
Single, with Kids
7%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
21%
<11 yrs old
9%
12-17 yrs old
23%
18-34 yrs old
32%
35-64 yrs old
15%
65+ yrs old
What do the neighbors do for fun?
UFC
Figure Skating
Pro Wrestling
Where do the neighbors shop?
Family Dollar
Burlington
Express/Express For Men
Where do the neighbors go to eat?
Burger King
Church's Chicken
Cicis Pizza
What do the neighbors drive?
Buick
Cadillac
Pontiac
What do the neighbors listen to?
Urban Contemporary
Jazz
Rock
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 877 Polk 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 12, 2025 and is currently priced at $200,000.
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.