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1173 Vance Ave 5 Unit Apartment Building $360,000 ($72,000/Unit) Memphis, TN 38104
EXECUTIVE SUMMARY
Prime Midtown Investment Opportunity!
Just minutes from the energy of Overton Square and the eclectic charm of Cooper-Young, this 5-unit multifamily property offers unmatched access to Memphis’ best dining, nightlife, and cultural experiences. Its central location also makes commuting to the Medical District quick and convenient, with thousands of new jobs fueling future growth. Whether you continue its short-term rental use (Airbnb/VRBO) or convert to stable long-term leases, this property presents incredible flexibility and income potential in one of Memphis’ most sought-after neighborhoods.
Just minutes from the energy of Overton Square and the eclectic charm of Cooper-Young, this 5-unit multifamily property offers unmatched access to Memphis’ best dining, nightlife, and cultural experiences. Its central location also makes commuting to the Medical District quick and convenient, with thousands of new jobs fueling future growth. Whether you continue its short-term rental use (Airbnb/VRBO) or convert to stable long-term leases, this property presents incredible flexibility and income potential in one of Memphis’ most sought-after neighborhoods.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $360,000 | Building Class | C |
| Price Per Unit | $72,000 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 4,064 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RMM | ||
| Price | $360,000 |
| Price Per Unit | $72,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 4,064 SF |
| No. Stories | 2 |
| Year Built | 1920 |
| Opportunity Zone |
Yes |
| Zoning | RMM |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 4 | - | - |
1 1
Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 01-8047-0-0005 | Improvements Assessment | $44,040 |
| Land Assessment | $35,840 | Total Assessment | $79,880 |
PROPERTY TAXES
Parcel Number
01-8047-0-0005
Land Assessment
$35,840
Improvements Assessment
$44,040
Total Assessment
$79,880
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1173 Vance Ave
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