486 E Georgia Ave

$550,000
Price
—
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

Investment opportunity in a fully renovated and fully occupied 10-unit apartment building. Each unit offers 2 bedrooms and 1 bathroom with space. Strong rental history and consistent occupancy make this an ideal acquisition for any investor. All tenants are on flexible month-to-month leases, giving a new owner multiple options for strategy and repositioning. No showings without an accepted offer. Please do not disturb tenants.Investment opportunity in a fully renovated and fully occupied 10-unit apartment building. Each unit offers 2 bedrooms and 1 bathroom with space. Strong rental history and consistent occupancy make this an ideal acquisition for any investor. All tenants are on flexible month-to-month leases, giving a new owner multiple options for strategy and repositioning. No showings without an accepted offer. Please do not disturb tenants.
  1. Listed by Terrance Hill • eXp Realty, LLC

Property Details for 486 East Georgia Avenue

Area
745E
MAAR Subdivision Name
JOHN BROWN
Legal Subdivision Name
JOHN BROWN
LISTING UPDATED: 12/06/2025 03:43 PM

Property Details for 486 East Georgia Avenue

StatusActive
MLS #10207217
Days on Market54
Taxes$1,164 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment Complex
Year Built1966
Lot Size0.35 AC / 15,245 SF
CountyShelby County

Location

Listing Courtesy of eXp Realty, LLC
Add your commute

Building Information for 486 East Georgia Avenue

Stories-Residences10Year Built1966Building Size-Lot Size0.35 AC / 15,245 SF

Payment Calculator

$2,815 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,718

Property Taxes

$97

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 486 East Georgia Avenue

Summary
Location and General Information
  • Address: 486 E GEORGIA AVE
  • Address Search Number: 486
  • Directions: South on Mississippi Blvd and left onto Georgia.
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Geo Quality: .95
  • Geo Update Timestamp: 10-07-2025
  • Geo Zoom Level: 16.00
  • Map Coordinate: E
  • MLS Map Num: South Bluffs/Downtown
Taxes and HOA Information
  • Hot Water: Gas
  • LVT Date: 10-07-2025
Property
Lot Information
  • Lot Size: .35
  • Lot Num: PTS 4-10*
  • Parcel ID: 011016 00027C
Property and Assessments
  • Foundation: Slab
  • Percent Occupancy: 100
  • Service Type: Full Service Listing
Interior and Exterior Features
Exterior Features
  • Roof: Composition
Interior Features
  • Appliances / Equipment: Smoke Detector(s)
  • Floors/Ceilings: 8 Feet, Tile, Vinyl Floor
Multi Family
Multi-Family Information
  • Num of 1 Bedroom Units: 0
  • Num of 2 Bedroom Units: 10
  • Num of 3 Bedroom Units: 0
  • Num of Efficiency Studio Units: 0
  • Num of Buildings: 2
  • Num Other Units: 0
  • Assumption: No Assumption
  • Construction: Brick
  • Cooling Systems: None
  • Existing Financing: Other (See REMARKS)
  • Gross Potential Annl Rent: $64,560
  • Heating Systems: Gas
  • Laundry: None
  • Miscellaneous Exterior: Sidewalks
  • Operating Expenses: Other (Call LA)
  • Parking Facility: Concrete
  • Possession: At Closing, Tenants Rights
  • Sale Includes: Building and Land
  • Source Of Info: Owner
  • Tenant Pays: All Utilities
  • Type Units: 2 BR - 1 Bath

Property History for 486 East Georgia Avenue

DateEvent & SourcePriceAppreciation
Dec 6, 2025

Listed (Active)

MAARMLS #10207217

—
Nov 12, 2025

Contract Signed

MAARMLS #10207217

—
Oct 6, 2025

Listed (Active)

MAARMLS #10207217

$550,000—
Sep 30, 2025

Temporarily Off Market

MAARMLS #10195295

—
Sep 25, 2025

Permanently Off Market

MAARMLS #10195295

—
Apr 29, 2025

Listed (Active)

MAARMLS #10195295

$550,000—
Jul 14, 2015

Sold (Public Record)

Public Record #551996130

$20,000—
May 18, 2015

Temporarily Off Market

MAARMLS #9945387

—
Feb 17, 2015

Listed (Active)

MAARMLS #9945387

$42,500—
Feb 21, 2000

Sold

MAARMLS #9923355

$87,000—
Jan 19, 2000

Contract Signed

MAARMLS #9923355

—
Dec 17, 1999

Listed (Active)

MAARMLS #9923355

$99,500—
DateEvent & SourcePrice
12/06/2025

Listed (Active)

MAARMLS #10207217

—
11/12/2025

Contract Signed

MAARMLS #10207217

—
10/06/2025

Listed (Active)

MAARMLS #10207217

$550,000
09/30/2025

Temporarily Off Market

MAARMLS #10195295

—
09/25/2025

Permanently Off Market

MAARMLS #10195295

—
04/29/2025

Listed (Active)

MAARMLS #10195295

$550,000
07/14/2015

Sold (Public Record)

Public Record #551996130

$20,000
05/18/2015

Temporarily Off Market

MAARMLS #9945387

—
02/17/2015

Listed (Active)

MAARMLS #9945387

$42,500
02/21/2000

Sold

MAARMLS #9923355

$87,000
01/19/2000

Contract Signed

MAARMLS #9923355

—
12/17/1999

Listed (Active)

MAARMLS #9923355

$99,500

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

Public Records for 486 East Georgia Avenue

Taxable ValueLand$33,920Additions$3,680Total$37,600
Tax Record2024$2,476 ($206 / month)
Home Facts
Baths2Total Finished SqFt4,700 SqFtAbove Grade Finished SqFt4,700 SqFtStories1Lot Size15,464 SqFtStyleMulti-Family Res (5+ Units)Year Built1966ZoningRU-3CountySHELBYAPN011-016- - -00027-CFireplace TypeHas Fireplace

Schools near 486 East Georgia Avenue

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

B T Washington High School
Public6 to 12

Memphis School of Excellence Cordova
Charter6 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.

Similar Homes

Similar Sold Homes

486 East Georgia Avenue is a multi-family home for sale in Memphis, TN 38126. This property was listed for sale on October 6, 2025 by eXp Realty, LLC, it's currently listed at $550,000. It has been on the market for a total of 54 days and was last sold on July 14, 2015. This listing's school district is Shelby County Schools. Nearby schools include Larose Elementary School, B T Washington High School and Memphis School of Excellence Cordova. 486 East Georgia Avenue is a 0-bed, 0-bath, multi-family home built in 1966.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty, LLC

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 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 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 and Central West Tennessee Association of Realtors. Listing information Copyright© 2025 MLS of MAAR and Central West Tennessee Association of Realtors, Inc. All Rights Reserved.