#10196254, Listing office: CrestCore Realty MphsBrokerage
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 $775 month to month , while the remaining units are ready for immediate occupancy. Potential rent $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: $195,000
- 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: 7/23/2025, 6:45:27 AM 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 |
|---|---|---|
| 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. Most Memphis, TN residents have annual incomes less than $<35k. Typical family type is single, no kids. Residents of this area typically 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
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Frequently asked questions
About 877 Polk Ave
The listing price of 877 Polk Ave property is $195,000.
The property 877 Polk Ave is a multi located in Memphis, Tennessee, 38126.
Active Listing: 877 Polk Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 877 Polk Ave are: Bruce Elementary School (GreatSchools Rating 4/10), Memphis Delta Preparatory (GreatSchools Rating 3/10), Circles of Success Learning Academy (GreatSchools Rating 5/10), Cummings School (GreatSchools Rating 4/10), Bellevue Middle School (GreatSchools Rating 5/10), Ida B. Wells Academy Elementary School/Middle School (GreatSchools Rating 2/10), Hollis F. Price Middle College (GreatSchools Rating 5/10), Booker T. Washington High School (GreatSchools Rating 3/10), Soulsville Charter School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $1,123 (source: MLS/based on county public records data).
The last sale was on December 1, 2022 for $85,000 (source: MLS/tax record).
The year of construction for 877 Polk Ave is 1957.
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 $195,000.
Over 73 listings were sold over their listed price in June 2025 in Memphis, TN. In the same period over 219 listings were sold below the listed price and 107 listings were sold for the listed price. The inventory of homes for sale in Memphis, TN between May and June 2025 increased by 11.9%. In June 2025, listings were on the market for 35 days. During the same period, the median list price in this real estate market was $224,900.
From Rocket Homes Real Estate and based on county public records data.