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706 N Fifth Ave

Memphis, TN 38107
  • $464,500
  • STATUS: Active
  • ON SITE: 19 Days
  • MLS #: 10222131
UPDATED: 43 min ago
$464,500
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1966
County:

School Ratings & Info

Description

706 N. Fifth Street presents a rare opportunity to acquire a renovated 5-unit multifamily property just north of the rapidly expanding St. Jude Children's Research Hospital campus, which is undergoing a $500 million expansion. Recent improvements include a new roof, updated electrical, new windows, water heaters, kitchen cabinets, and granite countertops throughout the property. Units are equipped with washers and dryers, stoves, and refrigerators. Drive by only.Please do not disturb residents.

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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 Red Sea Realty Co LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2026-06-10T14:03:34.18.
www.redsearealtyco.com/homes/176746259
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706 N Fifth Ave Memphis, TN 38107

  • Price: $464,500
  • Status: Active
  • On Site: 19 Days
  • Updated: 43 min ago
  • MLS #: 10222131
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1966
Built
Neighborhood:
Greenlaw
County:
Shelby
Area:
Harbor Town/Downtown
Property Description
706 N. Fifth Street presents a rare opportunity to acquire a renovated 5-unit multifamily property just north of the rapidly expanding St. Jude Children's Research Hospital campus, which is undergoing a $500 million expansion. Recent improvements include a new roof, updated electrical, new windows, water heaters, kitchen cabinets, and granite countertops throughout the property. Units are equipped with washers and dryers, stoves, and refrigerators. Drive by only.Please do not disturb residents.
Exterior Features

Buildings 1 Construction Brick Foundation Slab Land Sq Ft 8344 Lot Size 56X148.5 Parking Facility Asphalt/BlacktopConcrete Roof PitchedShingle/Shake

Interior Features

Cooling Systems 1 Window Unit per Unit Floors And Ceilings Tile Heating Systems Central Hot Water Electrical Improved Sq Ft 3280 Laundry Dryer in UnitWasher in Unit Leaseable Sq Ft 3280

Property Features

1 Bedroom Units 0 2 Bedroom Units 5 3 Bedroom Units 0 Actual Annual Rent 51060 Annual City Tax 2472 Annual County Tax 2577 Annual Insurance Expenses 3905 Annual Operating Expenses 11727 Assumption No Assumption Efficiency Studio Units 0 Existing Financing Conventional Fixed Gross Potential Annual Rent 52500 Legal Subdivision Name GREENLAW Lot Number 218ALLEY Multifamily Type Apartment Building New Financing Conventional Operating Expenses InsuranceRepairs/MaintenanceTaxes Other Units 0 Percent Occupancy 100 Possession Tenants Rights Sale Includes Building and Land Source Of Info Owner Tenant Pays Some Utilities Type Of Leases Year Type Of Units 2 BR - 1 Bath

Listing information © 2026 Memphis Area Association of REALTORS®.
Listing provided courtesy of Crye-Leike Commercial: 901-758-5670.



© 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 Red Sea Realty Co LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2026-06-10T14:03:34.18.
 
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Red Sea Realty Co LLC
6812 Crumpler Blvd, Suite 104
Olive Branch MS, 38654