1535 Vance AveMemphis, TN 38104

Property Details for 1535 Vance Ave

Year built

1926

Lot size

0.26 AC

Property size (Sq ft)

4,500 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This attractive 3-unit multifamily property, located at 1535 Vance Ave in Memphis, Tennessee, presents a compelling investment opportunity. Built in 1926, this 2-story, clinker-style brick veneer building sits on a 0.258-acre lot (APN 0160260010) and boasts approximately 4,556 square feet of net rentable space. The property is currently vacant, with an occupancy date of October 31, 2024. The layout includes a large first-floor unit featuring a living room with fireplace, dining room, breakfast room, kitchen, pantry, four bedrooms, and one bathroom. The second floor comprises two separate one-bedroom, one-bathroom units, each with its own kitchen and den/dining area, and a shared rear entrance, plus a separate dedicated front entrance for each. A large floored attic provides ample storage space. The property is zoned R6-H and benefits from its proximity to major institutions: 2.6 miles to Rhodes College, 5.2 miles to the University of Memphis, and 3.8 miles to St. Jude Children's Hospital. Annual property taxes total $8,273.90 ($4,014.70 City of Memphis, $4,259.20 Shelby County). This fee-simple ownership offers significant potential for owner-users or investors seeking a strong foothold in the vibrant Midtown Memphis market. The asking price is $429,500.

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.1332

Longitude

-90.01

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