PRIME INVESTMENT PACKAGE DEAL: Three income-producing properties (1004-1006 Highland Ave, 1096-1098 Gordon Ave, and 540-542Berclair RD) for 520,000. Generating $5700 monthly with long-term tenants already in place, offering immediate cash flow and steady returns. Ideal for investors, SOLD AS A PACKAGE ONLY.
Multi-familyProperty Type
1955Year Built
Listed by Elizabeth Castillo• BEST Real Estate Company
Summer Ave, located between Midtown Memphis and the Bartlett line, is a commercial and residential Memphis neighborhood with a long, linear corridor and a patchwork of mid-century storefronts. The neighborhood’s character concentrates around the Summer Ave & Highland St intersection, where neon signage, taquerias, produce markets, and repair shops keep the sidewalks in motion. Local pillars include the Summer Avenue Drive-In, the historic Evergreen Theatre, and Crosstown Brewing Company. Low-slung strip plazas mix with older brick buildings and pockets of modest homes set back from the traffic. The corridor’s global food counters and specialty grocers shape daily routines as much as the steady flow of cars. Greenway segments and nearby parks add breathing room to the asphalt-heavy streetscape.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
One-story layout
Separate living rooms for each unit
Bedrooms
Two bedrooms in Unit 1
Two bedrooms in Unit 2
Bathrooms
One full bathroom in Unit 1
One full bathroom in Unit 2
Flooring
Vinyl flooring
Heating & cooling
Central heating
Central cooling
Gas hot water
Exterior features
Brick veneer exterior
No pool
Level lot
Home design
Built as a duplex
Traditional style
Built in 1955
Parking
Driveway/Pad
Construction
1955 construction
Utilities
Gas hot water
Central heating
Central cooling
Financial info
Yearly leases accepted
Conventional financing available
Other
Parcel ID 063007 00048
Lot 2 (63 x 151)
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10220471
May 9, 2026
Price Changed
$173,000
Apr 30, 2026
Listed
$175,000
REALTRACS as Distributed by MLS Grid #3084164
Jan 14, 2026
Listed
$150,000
Jun 18, 2025
Sold
$155,000
+19
(Multiple Offer Notification-all Offers in by 1pm Thursday June 5th, 2025. )Pretty Updated Berclair-area Memphis Duplex "Move-in ready" 2Bedrm/1Bath on each side (50% Occupancy-$1710 Potential Combined Rent) & GREAT Investment or you can have residence on 1-side! Upgrades over $21,000 (April/May 2025) on #540 Right side include: New:SS Convection/AirFry Steam-Clean Oven, Stainless Fridge, Int/Ext Paint, Wide Plank Wood Lam.Flooring, Lighting,"Granite-looking" Countertops, White Cabinetry, Tiled Bath w/New Fixtures, W/D Connections in Kit + New Driveway & partial New Walkway! Easy access to Restaurants, Shopping, I-240 and Sam Cooper BLVD! (Do not Disturb Tenant(Rent $810 Month-to-M) on left side. Unit 542 (same Floor plan)-will be available after accepted Offer during inspection period).
Memphis Area Association of Realtors(R) MLS #10198022
Jun 18, 2025
Sold
$155,000
Jun 2, 2025
Listed
$150,000
+21
(Multiple Offer Notification-all Offers in by 1pm Thursday June 5th, 2025. )Pretty Updated Berclair-area Memphis Duplex "Move-in ready" 2Bedrm/1Bath on each side (50% Occupancy-$1710 Potential Combined Rent) & GREAT Investment or you can have residence on 1-side! Upgrades over $21,000 (April/May 2025) on #540 Right side include: New:SS Convection/AirFry Steam-Clean Oven, Stainless Fridge, Int/Ext Paint, Wide Plank Wood Lam. Flooring, Lighting, "Granite-looking" Countertops, White Cabinetry, Tiled Bath w/ New Fixtures, W/ D Connections in Kit + New Driveway & partial New Walkway! Easy access to Restaurants, Shopping, I-240 and Sam Cooper BLVD! (Do not Disturb Tenant(Rent $810 Month-to-M) on left side. Unit 542 (same Floor plan)-will be available after accepted Offer during inspection period).
Public Records
Mar 7, 2019
Sold
$68,000
Public Records
Mar 7, 2019
Sold
$105,900
Memphis Area Association of Realtors(R) MLS #10046448
Mar 1, 2019
Sold
$55,000
Feb 20, 2019
Listed
$45,000
Memphis Area Association of Realtors(R) MLS #1
Apr 22, 2015
Price Changed
$45,900
Public Records
Sep 27, 1991
Sold
$27,000
Year
Property tax
Land + Additions
Assessment*
2025
$2,391 (+48.8%)
$8,760 + $48,680
$57,440
2024
$1,607 (+8.1%)
$8,760 + $36,600
$45,360
2023
$1,486
$3,880 + $20,520
$24,400
2022
$1,486 (−1.2%)
$3,880 + $20,520
$24,400
2021
$1,504 (+24.7%)
$3,880 + $20,520
$24,400
2020
$1,206
$3,880 + $20,520
$24,400
2019
$1,206
$3,120 + $13,520
$16,640
2018
$1,206 (+102.0%)
$3,120 + $13,520
$16,640
2016
$597
$3,120 + $17,240
$20,360
2014
$597
$3,480 + $10,200
$13,680
Public record
Public record
Zoning
Permits
Beds
5
Baths
2
Stories
1
Lot width
63 ft.
Lot depth
151 ft.
Lot size
9,513 Sq. Ft.
Year renovated
1980
Finished Sq. Ft.
1,663
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,663
Year built
1955
Style
Multi-Family (2-4 Unit)
County
Shelby County
APN
063007 00048
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2026.
RU-1
Residential Urban-1 District
Residential development in the RU-1 District allows a variety of housing types including single-family detached (conventional, side yard house, Cottage) and single-family attached (semi-attached, two-family). New RU-1 districts should have a shared street network with and are generally located at least 500 to 1,000 ft from a CMU-1, CMU2, CMU-3, or CBD district or at are least 500 to 1,000 ft from an arterial.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Educational/school
Fire house
Police station
Recreation
Park & open space
Oct 7, 2020 • Final
Residential electrical
Electrical
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.
Climate risks
1/10 Flood Factor
Minimal risk 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
17% 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 • 38122
Average low and high temperatures (°F)
47
30
57
38
71
50
78
58
79
63
89
72
93
77
91
72
85
68
77
57
65
49
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
96/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
6.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 540 Berclair Rd
There isn’t enough information to generate an accurate estimate at this time. Learn More
This home is pending
The seller has accepted an offer, and this property is now pending.