Sold
Last Sold Price
30,797 sqft
1055 Merriwether Ave, Memphis, TN 38105
Multi FamilyProperty Type
0.71 acresLot Size
1950Year Built
$16/sq ftPrice per sq ft

Description

This recently rehabbed 16 unit building is located in the Midtown Medical Center area. The units are both 2BR 1BA AND 1BR 1 BATH with new roofing and central heat and air. The total scheduled monthly income is 9150. Drive by only. Please do not disturb residents. Inspection contingent upon acceptable offer!This recently rehabbed 16 unit building is located in the Midtown Medical Center area. The units are both 2BR 1BA AND 1BR 1 BATH with new roofing and central heat and air. The total scheduled monthly income is 9150. Drive by only. Please do not disturb residents. Inspection contingent upon acceptable offer!
  • Listed by: Jeffrey Moore • Crye-Leike Commercial
Listing closed: 08/19/2019 12:00 AM • Source: MAARMLS, MLS#: 10044954

Recent comparable sales

Median sold price

$460,000

Avg days on market

41

Sale-to-list ratio

94.0%

Memphis, TN

9 comparable properties found

$576,000 | 226 North McNeil Street, Memphis, TN 38112
1/40
1

$576,000

Sold 09/09/25

Unavailable
Bedrooms
Unavailable
Bathrooms
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Square Feet
0.19
Acres
a front view of a house with garden
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Sold 04/29/25

Unavailable
Bedrooms
Unavailable
Bathrooms
3,788
Square Feet
0.18
Acres
a front view of a house with a garden
1/24
3

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Sold 12/30/24

Unavailable
Bedrooms
Unavailable
Bathrooms
4,096
Square Feet
0.16
Acres
a front view of house with yard
1/40
4

$405,000

Sold 11/13/24

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Square Feet
0.26
Acres
$460,000 | 280 Buena Vista Place, Memphis, TN 38104
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Acres
$615,000 | 191 North Avalon Street, Memphis, TN 38112
1/3
6

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Sold 10/31/25

Unavailable
Bedrooms
Unavailable
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Square Feet
7,990.52
Acres
$485,000 | 2015 Court Avenue, Memphis, TN 38104
1/4
7

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Sold 03/13/25

Unavailable
Bedrooms
Unavailable
Bathrooms
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Square Feet
0.30
Acres
$375,000 | 800 Maury Street, Memphis, TN 38107
1/24
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Sold 04/29/25

Unavailable
Bedrooms
Unavailable
Bathrooms
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Square Feet
0.16
Acres
$355,500 | 180 Clark Place, Memphis, TN 38104
1/2
9

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Sold 05/15/26

Unavailable
Bedrooms
Unavailable
Bathrooms
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Square Feet
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Acres

Location

Listing Courtesy of Crye-Leike Commercial

Sold By Crye-Leike Commercial

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Payment Calculator

$2,931 per month

30 year fixed, 6.71% Interest

Principal and Interest

$2,584

Property Taxes

$347

HOA Dues

$0

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Property Information for 1055 Merriwether Avenue

Property Details
  • Taxes: $4,162 / year
  • MLS Type: Multi-Family / Apartment Building
  • Area: 741E
  • MAAR Subdivision Name: HARVEY
  • Legal Subdivision Name: HARVEY
Building Information
  • Stories: 2
  • Residences: 16
  • Year Built: 1950
  • Lot Size: 0.71 AC / 30,800 SF
Summary
Location and General Information
  • Address: 1055 MERRIWETHER AVE
  • Address Search Number: 1055
  • Directions: Take Poplar (W) past Cleveland, past Bellevue to Cochran. Go (N) on Cochran to Merriwether. Property is located on the southeast corner of Merriwether and Cochran.1055 Merriwether
  • Map Coordinate: E
  • MLS Map Num: Harbor Town/Downtown
Taxes and HOA Information
  • Hot Water: Electrical
  • LVT Date: 01-30-2019
  • Annual Insurance Expenses: $3,352
Property
Lot Information
  • Lot Size: 176 X 175
  • Lot Num: 3
  • Parcel ID: 020091 00001
Property and Assessments
  • Foundation: Slab
  • Percent Occupancy: 75
  • Service Type: Full Service Listing
Interior and Exterior Features
Exterior Features
  • Roof: Shingle/Shake
Interior Features
  • Appliances / Equipment: Refrigerator, Range/Oven (Freestanding)
  • Floors/Ceilings: Vinyl Floor
Multi Family
Multi-Family Information
  • Num of 1 Bedroom Units: 8
  • Num of 2 Bedroom Units: 8
  • Num of 3 Bedroom Units: 0
  • Num of Efficiency Studio Units: 0
  • Num of Buildings: 1
  • Num Other Units: 0
  • Annual Operating Expenses: $26,299
  • Assumption: No Assumption
  • Average Annual Utilities: $2,625
  • Construction: Brick/Veneer
  • Cooling Systems: Central
  • Existing Financing: Conventional Fixed
  • Gross Potential Annl Rent: $109,800
  • Heating Systems: Central
  • Improved Sqft: 11200
  • Land Sqft: 30797
  • Laundry: Connections
  • Leaseable Sqft: 11200
  • Operating Expenses: Insurance, All Utilities, Repairs/Maintenance, Taxes
  • Parking Facility: Asphalt/Blacktop
  • Possession: Tenants Rights
  • Sale Includes: Building and Land
  • Source Of Info: Current Records, Leases, Rent Roll
  • Tenant Pays: Some Utilities
  • Type Units: 1 BR - 1 Bath, 2 BR - 1 Bath

Property History for 1055 Merriwether Avenue

DateEvent & SourcePriceAppreciation
Aug 19, 2019

Sold

MAARMLS #10044954

$500,000
Aug 15, 2019

Sold (Public Record)

Public Record #651096195

$500,000
Mar 14, 2019

Contract Signed

MAARMLS #10044954

DateEvent & SourcePrice
08/19/2019

Sold

MAARMLS #10044954

$500,000
08/15/2019

Sold (Public Record)

Public Record #651096195

$500,000
03/14/2019

Contract Signed

MAARMLS #10044954

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1055 Merriwether Avenue

Taxable ValueLand$36,960Additions$168,200Total$205,160
Tax Record2025$5,519 ($460 / month)
Home Facts
Baths2Total Finished SqFt11,200 SqFtAbove Grade Finished SqFt11,200 SqFtStories1Lot Size30,797 SqFtStyleMulti-Family Res (5+ Units)Year Built1950Year Renovated1950ZoningRU-3CountySHELBYAPN02-0091-0-0001

Schools near 1055 Merriwether Avenue

This home is within Shelby County Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Charter - 6 to 12
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Bruce Elementary School
PublicPK to 5

Memphis Academy Of Science Engineering
Charter6 to 12

Central High School
Public9 to 12

Crosstown High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1055 Merriwether Avenue, Memphis, TN 38105
$500,000
30,797
30,800
$675,000
17,276
30,800
$249,060
17,276
30,800
$7,000
5,662
3
1
1,032
5,500
$1,000,000
5,489

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Crye-Leike Commercial

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Services of MAAR, Reelfoot Regional AOR and Central West Tennessee Association of Realtors. 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. Listings provided by brokerages other than Compass are identified with the MAAR, Reelfoot Regional AOR and Central West Tennessee Association of Realtors logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by MAAR, Reelfoot Regional AOR and Central West Tennessee Association of Realtors. Listing information Copyright© 2026 MLS of MAAR, Reelfoot Regional AOR and Central West Tennessee Association of Realtors, Inc. All Rights Reserved.