$370,000

519 Simpson Ave Memphis, TN 38106

South Memphis Neighborhood

Estimated payment $2,436/month

Total Views 12,793
12 Beds
-- Bath
3,618 Sq Ft
$102 Price per Sq Ft

About This Home

Investor's Dream! Don’t miss out on this six-unit apartment building. Each unit offers 2 bedrooms and 1 bathroom. Can potentially generate $7,080 in monthly rental income, with section 8 tenants. Each unit has its own electric meter, keeping expenses streamlined.

Listing Agent

Jonathan Nunez

Fast Track Realty, LLC License #349008

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1959

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 72 x 125

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 3,618 Sq Ft Home
  • Tile Flooring
  • Crawl Space

Utilities

  • Mini Split Air Conditioners
  • Heating System Mounted To A Wall or Window

Community Details

  • Trigg Subdivision

Listing and Financial Details

  • Assessor Parcel Number 025041 00013

Home Details

Home Type

Single Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Complex
  • MLS Map #: 747B
  • MAAR Subdivision Name: TRIGG
  • Freestanding: Yes
  • Price Per Sq Ft: 1850000
  • Estimated Sq Ft: 3618
  • Year Built: 1959
  • Construction: Brick
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Floors/Ceilings: Tile

Exterior Features

  • Foundation: Slab, Conventional/Crawl Space
  • Roof: Shingle/Shake

Garage/Parking

  • Parking Facility: Concrete

Utilities

  • Hot Water: Public Water Available, Public Sewer
  • Cooling Systems: Individual Cooling
  • Heating Systems: Wall Heat

Lot Info

  • Lot Number: NW PT 45
  • Acreage: 0.2
  • Lot Size: 72 X 125
  • Price Per Acre: 1850000
  • Geo Subdivision: TN

Rental Info

  • Actual Annual Rent: 2110
  • Tenant Pays: Electric
  • Type Of Leases: Monthly

Tax Info

  • Assessor Parcel Number: 025041 00013

Multi Family

  • Perc Occ: 50
  • Total Number Of Units: 6
  • Number2 Bedroom Units: 6
  • Type of Unit: 2 BR - 1 Bath

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2025 04/20/25 For Sale $370,000 -- $102 / Sq Ft
Source: Memphis Area Association of REALTORS®

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Source: Memphis Area Association of REALTORS®

MLS Number: 10194705

Memphis Area Association of REALTORS®

Tennessee Shelby County Memphis 38106 South Memphis

519 Simpson Ave, Memphis, TN

Homes for Sale in Memphis, TN

This home is located at 519 Simpson Ave, Memphis, TN 38106 and is currently priced at $370,000, approximately $102 per square foot. This property was built in 1959. 519 Simpson Ave is a home located in Shelby County with nearby schools including A. B. Hill Elementary School, Riverview Middle School, and Hamilton High School.

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Some or all of the listings displayed may not belong to the firm whose website is being visited. Copyright© 2025 Memphis Area Association of REALTORS®.

Jonathan Nunez
Listing Agent
Jonathan Nunez
Section Image
Fast Track Realty, LLC
(901) 445-9626