This 68 unit property is located just 2 minutes south of Dixon Gallery and Gardens. There are 12- 1 bedrooms, 44- 2 bedrooms and 12- 3 bedrooms. The scheduled monthly rents are over $35,000 per month. The units have central heating and air. There is a laundry room on site.
Memphis Area Association of Realtors(R) MLS #9995509
Mar 20, 2018
Sold
$1,981,000
May 31, 2017
Price Changed
$2,550,000
Feb 13, 2017
Listed
$2,850,000
Public Records
Apr 12, 2016
Sold
$670,000
Public Records
Oct 1, 1963
Sold
$90,000
Year
Property tax
Land + Additions
Assessment*
2025
$56,056 (+150.3%)
$130,840 + $932,680
$1,063,520
2024
$22,396 (+8.1%)
$130,840 + $932,680
$1,063,520
2023
$20,716
$106,000 + $234,080
$340,080
2022
$20,716 (−1.2%)
$106,000 + $234,080
$340,080
2021
$20,959 (−7.3%)
$106,000 + $234,080
$340,080
2020
$22,599
$106,000 + $234,080
$340,080
2019
$22,599
$106,000 + $205,880
$311,880
2018
$22,599 (+98.9%)
$106,000 + $205,880
$311,880
2017
$11,363 (+91.2%)
$106,000 + $205,880
$311,880
2016
$5,943 (−37.4%)
$106,000 + $170,480
$276,480
2014
$9,496
$103,680 + $113,640
$217,320
Tax history for 1460 Cherry Rd
Year
Property tax
Land + Additions
Assessment*
2025
$56,056 (+150.3%)
$130,840 + $932,680
$1,063,520
2024
$22,396 (+8.1%)
$130,840 + $932,680
$1,063,520
2023
$20,716
$106,000 + $234,080
$340,080
2022
$20,716 (−1.2%)
$106,000 + $234,080
$340,080
2021
$20,959 (−7.3%)
$106,000 + $234,080
$340,080
2020
$22,599
$106,000 + $234,080
$340,080
2019
$22,599
$106,000 + $205,880
$311,880
2018
$22,599 (+98.9%)
$106,000 + $205,880
$311,880
2017
$11,363 (+91.2%)
$106,000 + $205,880
$311,880
2016
$5,943 (−37.4%)
$106,000 + $170,480
$276,480
2014
$9,496
$103,680 + $113,640
$217,320
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
1
Baths
1
Stories
—
Lot width
418 ft.
Lot depth
—
Lot size
2.62 Acres
Year renovated
—
Sq. Ft.
7,408
Year built
1964
Style
Multi-Family (5+ Unit)
County
Shelby County
APN
066002 00027
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 14, 2026.
CMU-1
Commercial Mixed Use-1 District
The commercial mixed use districts are intended to accommodate retail, service and commercial uses and to ensure that commercial-zoned areas are compatible with the character of existing neighborhoods. While the districts primarily accommodate commercial uses, apartments and upper-story residential are allowed in order to promote live/work and mixed use opportunities. To provide for additional housing choice, single-family detached is permitted in the CMUdistricts. The CMU districts are not intended to provide for areas exclusively dominated by any one particular use but provide for neighborhoods that successfully integrate several types of compatible uses together.; The CMU-1 District is intended to provide for neighborhood serving commercial, office, and employment uses. Residential uses are encouraged above the ground floor. Compatible nonresidential uses should be located within walking distance to the established residential neighborhoods they are designated to serve. Auto-oriented uses are not appropriate in this district. Typical retail uses vary from 1,000 to 15,000 sq ft of ground floor area.
Permitted uses
Include but are not limited to:
Convenience store
Day care facility
General retail
Restaurant
Housing-Single unit
Housing-Multiple units
Infrastructure
Mixed use
Office
Medical office
Jun 3, 2026 • Final
Residential mechanical
Remove and replace a water heater.
Plumbing
Water heater
Jan 29, 2026 • Final
Residential mechanical
Remove and replace a water heater.
Plumbing
Water heater
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Parking Facility: Asphalt/Blacktop
Interior
Interior Features
# of Stories: 2
Improved Sq. Ft.: 56,082
Floors/Ceilings: Vinyl Floor, Partial Carpet
Common Laundry
Multi-Unit Information
# of 1 Bedroom Units: 12
# of 2 Bedroom Units: 44
# of 3 Bedroom Units: 12
# of Units (Total): 68
Percent Occupancy: 80
Type of Units: 1 Br - 1 Bathroom, 2 Br - 1 Bathroom, 3 Br - 1 Bathroom
Gross Potential Annual Rent: $420,000
Insurance, Repairs/Maintenance, Taxes
Exterior
Exterior Features
Foundation: Slab
Roof: Composition, Flat
Land Information
Land Sq. Ft.: 113,953
Lot Information
Parcel ID: 066002 00027
Lot #: N PT 559
Lot Size: 113953
Area: 759E
Property Information
# of Buildings: 1
Apartment Building
Brick/Veneer
Year Built: 1964
Financial
Tax Information
Annual City Tax: $4,624
Annual County Tax: $5,943
Lease / Rent Information
Type Of Leases: Year
Tenant Pays: Some Utilities
Financing
New Financing: Conventional
Existing Financing: Conventional Adjustable
Utilities
Utility Information
Hot Water: Electrical, Public Sewer
Heating Systems: Central
Cooling Systems: Central
Location
Location Details
Directions: Take Park Avenue (W) to Cherry. Go (S) on Cherry past Rhodes to 1460 Cherry.
MAAR Subdivision Name: Parkside Manor
Public facts
Beds: 1
Baths: 1.0
Sq. Ft.: 7,408
Stories: —
Lot Size: 2.62 acres
Style: Multi-Family (5+ Unit)
Year Built: 1964
Year Renovated: —
County: Shelby County
APN: 066002 00027
Home facts updated by county records on Jul 13, 2026
Other
Listing Information
Possession: Tenants Rights
Around this home
Schools
Willow Oaks Elementary School
Public PreK-5 • Assigned • 0.5mi
6/10
Colonial Middle School
Public 6-8 • Assigned • 0.9mi
6/10
Overton High School
Public 9-12 • Assigned • 0.9mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
9/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 109° expected this year, 21 days in 30 years
4/10 Wind Factor
19% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38117
Average low and high temperatures (°F)
47
30
57
38
72
50
78
58
79
63
88
72
93
77
90
71
86
68
78
57
66
49
54
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.5 hours in
June and 4.8 hours in December, placing it above the
U.S. average for solar exposure.