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661 St Paul Ave

Memphis, TN 38126
  • $579,000
  • STATUS: Active
  • ON SITE: 13 Days
  • ID#: 10220613
UPDATED: 194 min ago
$579,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1966
County:

School Ratings & Info

Description

Fully occupied and stable apartment building in South City, footsteps from Downtown! Brings in over $6100 gross monthly, 4 tenants with vouchers and room to increase traditional tenants’ leases! All units have central ac and splitters for heat, rear parking lot with alley access, and no major repairs needed! Plenty of development has been completed in the area with more to come. Strong tenant demand being in proximity to multiple universities, medical, entertainment, art and historic districts!

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© 2026 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Anna Acosta Snyder | Centric Realty, LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2026-05-15T00:03:19.997.
www.annasnyderhomes.com/homes/176017807
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661 St Paul Ave Memphis, TN 38126

  • Price: $579,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 194 min ago
  • ID#: 10220613
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1966
Built
Neighborhood:
Lucy A Tate
County:
Shelby
Area:
South Bluffs/Downtown
Property Description
Fully occupied and stable apartment building in South City, footsteps from Downtown! Brings in over $6100 gross monthly, 4 tenants with vouchers and room to increase traditional tenants’ leases! All units have central ac and splitters for heat, rear parking lot with alley access, and no major repairs needed! Plenty of development has been completed in the area with more to come. Strong tenant demand being in proximity to multiple universities, medical, entertainment, art and historic districts!
Exterior Features

Buildings 1 Construction Brick Foundation Slab Lot Size 70X160 Misc Exterior SidewalksSecurity LightingSome LandscapingChain Fence Parking Facility AttachedConcrete Roof Built-UpShingle/Shake

Interior Features

Appliances Equipment Range/Oven (Freestanding)RefrigeratorSmoke Detector(s) Cooling Systems CentralElectrial Floors And Ceilings Partial CarpetVinyl Floor Heating Systems BaseboardElectricalWall Heat Hot Water Gas Laundry ConnectionsDryer in UnitWasher in Unit

Property Features

1 Bedroom Units 0 2 Bedroom Units 7 3 Bedroom Units 0 Actual Annual Rent 74220 Annual City Tax 2979 Annual County Tax 3105 Assumption Other (Call LA) Efficiency Studio Units 0 Existing Financing Other (See REMARKS) Gross Potential Annual Rent 84000 Legal Subdivision Name LUCY A TATE Lot Number 9 Multifamily Type Apartment Building New Financing Cash OnlyConventional Operating Expenses InsuranceManagementPest ControlRepairs/MaintenanceSome UtilitiesTaxes Other Units 0 Percent Occupancy 100 Possession At ClosingTenants Rights Sale Includes All AppliancesBuilding and Land Source Of Info OwnerRent Roll Tenant Pays All Utilities Type Of Leases Subsidized RentsYear Type Of Units 2 BR - 1 Bath

Listing information © 2026 Memphis Area Association of REALTORS®.
Listing provided courtesy of Tri-Leake Realty: 901-323-1246.



© 2026 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Anna Acosta Snyder | Centric Realty, LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2026-05-15T00:03:19.997.
 
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Anna Acosta Snyder | Centric Realty, LLC
813 Ridge Lake Blvd.
Memphis TN, 38120