761 Richmond Avenue

Memphis TN 38106

3016 sq. ft.

9600 sq. ft.

Duplex

Last sold for $175,000

Lyndon Baskin, last sold this property on 26 November 2025 after 196 days on market.

Overview

Investor special with upside potential! This 4-unit multifamily property in South Memphis is 100% occupied and generating approx. $22,800 in annual NOI. Renovated in 2016, offering updated systems and layout improvements. Great location minutes from Downtown, the STAX Museum, and major transit routes. One unit remains vacant, allowing for rental upside or light owner/occupant conversion. Class D property—sold as-is. Please do not disturb tenants. Showings available with accepted offer only.

Features

8 bedrooms

3016 sq. ft. floor area

9600 sq. ft. lot size

Duplex

Estimated Value

Based on this property and similar 8 bedroom duplexes sold in Memphis over the last 12 months, the estimated median property value of 761 Richmond Avenue is $217.5k.

Median value

$217.5k

Estimated value range

$175k - $293k

Median days on market

151

Estimated value trend

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Memphis. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 761 Richmond Avenue

2025

Sold

$175,000

26 Nov 2025 by Lyndon Baskin, of Harris & Harris Realty Group

Happy sellers in Memphis

We have insufficient information to provide an overview of customer satisfaction for Memphis. Viewing the agent profiles, reviews and sales for Memphis can provide insights for this location.