132 N Evergreen Memphis, TN 38104
Multi-Family (2-4 Units)
MLS #: 10188493
Courtesy Of Crye-Leike Realtors
Property InformationDescription
This 8-unit multifamily property offers a mix of stabilized income and exceptional value-add potential, positioned perfectly for Memphis investors seeking reliable cash flow and upside. Located in the heart of Midtown, it benefits from high rental demand and proximity to the city s most desirable amenities. ONLINE VIDEO AVAILABLE UPON REQUEST. Five fully renovated, furnished units previously operating as successful Airbnb rentals. Three long-term rental units in original condition, offering significant upside through renovation and modernization. As-Is Gross Annual Income: $78,600. 5 fully renovated and furnished units average $1,000/month each. 3 long-term rental (LTR) units average $650/month each. Renovation of the 3 LTR units to furnished long-term standards, with projected rents of $1,000/month each. Operating Expenses (Estimate): ~$23,000/year. Net Operating Income (As-is): ~$55,600. Projected NOI (Post-Renovation): ~$73,600.
Features
- Age: Over 50 Years Old
- Amenities: Dock
- Architecture Style: Other
MAP & DIRECTIONS
School Information
132 N Evergreen, Memphis, TN 38104
Elementary School
Grades PK-5 |
Public School
IDLEWILD ELEMENTARY SCHOOL
Memphis, TN 38104
1950 Linden Ave
901.416.4566
Distance: 0.6 mi
School Rating
A
Student:Teacher Ratio
16:1
Total Students
493
Middle School
Grades 6-8 |
Public School
HAMILTON MIDDLE SCHOOL
Memphis, TN 38106
Distance: 2.4 mi
High School
Grades 9-12 |
Public School
CENTRAL HIGH SCHOOL
Memphis, TN 38104
306 S Bellevue Blvd
901.416.4500
Distance: 1.1 mi
School Rating
D
Student:Teacher Ratio
19:1
Total Students
1394
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Compass Community School Midtown Campus | 0.2 mi | Public | 8-12 | C- |
| Memphis Learning Academy | 0.5 mi | Public | PK | |
| Grace-st Lukes Episcopal School | 0.6 mi | Private | PK-8 | |
| Midtown Montessori School | 0.7 mi | Private | PK-6 | |
| Snowden School | 0.9 mi | Public | PK-8 | D |
| Northwest Preparatory Academy | 0.9 mi | Public | 9-12 | F |
| Memphis Academy Of Science Engineering Middle/high | 0.9 mi | Public | 6-12 | C- |
| Crosstown High School | 1.0 mi | Public | 9-11 | C |
| Memphis Recovery Center | 1.0 mi | Private | 9-12 | |
| 1st Class Montessori - I | 1.0 mi | Private | 1-2 | |
| 1st Class Montessori | 1.0 mi | Private | PK-2 | |
| Jessie Mahan Day Care Center | 1.0 mi | Public | PK | |
| Immaculate Conception Cathedral School | 1.1 mi | Private | PK-8 | |
| Bellevue Middle School | 1.3 mi | Public | 6-8 | C |
| Bruce Elementary School | 1.3 mi | Public | PK-5 | C- |
| Compass Community School Binghampton Campus | 1.5 mi | Public | KG-8 | B- |
| Vollentine Elementary School | 1.6 mi | Public | PK-5 | D |
| Peabody Elementary School | 1.6 mi | Public | PK-5 | C+ |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Memphis, TN 38104
| Median Age: | 38.5 |
|---|---|
| Married: | 20% |
| Number of Households: | 11,974 |
| Households with Children: | 12% |
Memphis, TN 38104
Demographic Data
-
Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
Copyright © 2025 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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.
