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The Lavielle Apartments 1781 Peabody Ave 6 Unit Apartment Building $599,000 ($99,833/Unit) Memphis, TN 38104
EXECUTIVE SUMMARY
Step into timeless charm with the Lavielle Apartments, a classic 1922-built six-unit property nestled in the historic Central Gardens neighborhood. Featuring beautiful period architecture and vintage character, this property offers both investment potential and architectural appeal. Located in one of Midtown’s most sought-after residential districts, Lavielle is just steps from the vibrant dining, nightlife, and cultural scene of Overton Square and Cooper-Young — with theaters, bars, and restaurants all within easy reach. A rare opportunity to own a piece of Memphis history in a high-demand rental market.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $599,000 | Building Class | C |
| Price Per Unit | $99,833 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 8,142 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1922 |
| Property Subtype | Apartment | Parking Ratio | 1.47/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RS6 | ||
| Price | $599,000 |
| Price Per Unit | $99,833 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 8,142 SF |
| No. Stories | 3 |
| Year Built | 1922 |
| Parking Ratio | 1.47/1,000 SF |
| Zoning | RS6 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | $949.00 | 800 |
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Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 01-6045-0-0008 | Improvements Assessment | $146,680 |
| Land Assessment | $5,360 | Total Assessment | $152,040 |
PROPERTY TAXES
Parcel Number
01-6045-0-0008
Land Assessment
$5,360
Improvements Assessment
$146,680
Total Assessment
$152,040
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The Lavielle Apartments | 1781 Peabody Ave
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