706 N Fifth Ave, Memphis, TN 38107

$464,500

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List Price
$464,500
MLS#
10222131
Property Type
Multifamily
Lot Size
56X148.5
Status
ACTIVE

Property Description

706 N. Fifth Street presents a rare opportunity to acquire a renovated 5-unit multifamily property just north of the rapidly expanding St. Jude Children's Research Hospital campus, which is undergoing a $500 million expansion. Recent improvements include a new roof, updated electrical, new windows, water heaters, kitchen cabinets, and granite countertops throughout the property. Units are equipped with washers and dryers, stoves, and refrigerators. Drive by only.Please do not disturb residents.

Additional Information

Actual Annual Rent
51060
Annual City Tax
2472
Annual County Tax
2577
Annual Insurance Expense
3905
Construction
Brick
Foundation
Slab
Hot Water
Electrical
Legal Subdivision
Greenlaw
Lot
218ALLEY
Lot Size
56X148.5
New Financing
Conventional
Occupancy
100
Parking Facility
Asphalt/Blacktop, Concrete
Roof
Pitched, Shingle/Shake
Stories
2
Subdivision
GREENLAW
Subtype
Apartment Building
Tenant Pays
Some Utilities
Year Built
1966

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
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Calculator source: Real Geeks

Listing courtesy of Crye-Leike Commercial.

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Copyright© 2026 Memphis Area Association of REALTORS®. The information provided is for the consumer's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.