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, while the remaining units are ready for immediate occupancy. Previous rental rates ranged from $700 to $775, with potential to increase to $875–$900 per unit. Don't miss this chance to own a solid income-producing. Serious offers only . Do not disturb tenant.
For sale
$200,000
877 Polk Ave, Memphis, TN 38126
--beds
--baths
--sqft
Est.:
Quadruplex
Built in 1957
-- sqft lot
$195,600 Zestimate®
$--/sqft
$-- HOA
What's special
- 7 days
- on Zillow |
- 115 |
- 6 |
Zillow last checked: 7 hours ago
Listing updated: May 12, 2025 at 02:01pm
Listed by:
Cali Neal,
KAIZEN Realty, LLC 901-221-4041
Source: MAAR,MLS#: 10196507

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Heating
- Natural Gas
Cooling
- 1 Window Unit per Unit
Appliances
- Included: Gas Water Heater
- Laundry: None
Features
- Flooring: Vinyl
Property
Parking
- Parking features: Offsite/Street
- Has uncovered spaces: Yes
Features
- Stories: 2
Lot
- Dimensions: 58.91X114.79
Details
- Parcel number: 032010 00016
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Brick Veneer
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 1957
Community & HOA
Community
- Subdivision: Overton And Grosvenor
Location
- Region: Memphis
Financial & listing details
- Annual tax amount: $1,214
- Date on market: 5/12/2025
- Listing terms: Cash Only,Conventional,Other (Call LA)
- Inclusions: Some Appliances
- Lease term: Month To Month
- Tenant pays: All Utilities
- Loading
- Loading