Don't miss this investment opportunity featuring established tenants and professional management already in place. A cap rate of 8.37%, making it a prudent investment choice. Each side includes two bedrooms and two bathrooms, with a dedicated parking pad. If you are a buyer interested in residing on the premises, you may utilize an FHA or conventional loan, with the potential rental income to assist in qualification. New roof in 2020. For more information or showings contact listing agent.
Single-familyProperty Type
1973Year Built
0.33 acresLot Size
$77Est. Price/Sq.Ft.
Listed by Bryant Smith• The Professional Agency
Bought with Monica Bynum• Crye-Leike, Inc., REALTORS
Memphis Area Association of Realtors(R) MLS #10194781
Jun 13, 2025
Sold
$159,100
$72/sq ft
Apr 22, 2025
Listed
$155,900
$71/sq ft
RENTLY #2
Apr 7, 2024
Rental Removed
$825
$0/sq ft
Apr 3, 2024
Price Changed
$825
$0/sq ft
Mar 26, 2024
Price Changed
$850
$0/sq ft
Mar 21, 2024
Price Changed
$895
$0/sq ft
Jan 26, 2024
Listed for Rent
$950
$0/sq ft
PROPERTYWARE #1
Jan 26, 2024
Rental Removed
$950
$0/sq ft
Jan 25, 2024
Listed for Rent
$950
$0/sq ft
Public Records
Jan 30, 2012
Sold
$78,900
$36/sq ft
Memphis Area Association of Realtors(R) MLS #3219642
Jul 21, 2011
Sold
$30,000
$14/sq ft
Mar 16, 2011
Listed
$35,000
$16/sq ft
Great Investment property!
Memphis Area Association of Realtors(R) MLS #2662546
Jun 25, 2007
Sold
$90,000
$41/sq ft
Jan 23, 2007
Listed
$90,000
$41/sq ft
GREAT INVESTMENT OPPORTUNITY WITH HUGE CASH FLOW POTENTIAL, HOME IS IN GOOD CONDITION.
Memphis Area Association of Realtors(R) MLS #2614463
Jan 13, 2006
Sold
$85,000
$39/sq ft
Oct 3, 2005
Listed
$90,000
$41/sq ft
Public Records
Jul 11, 2005
Sold
$85,000
$39/sq ft
Public Records
Dec 18, 1998
Sold
$75,000
$34/sq ft
Public Records
Jun 28, 1994
Sold
$60,000
$27/sq ft
Public Records
May 14, 1973
Sold
$36,000
$16/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,756 (+59.5%)
$8,600 + $43,680
$52,280
2024
$1,728 (+8.1%)
$8,600 + $43,680
$52,280
2023
$1,598
$5,400 + $20,840
$26,240
2022
$1,598 (−1.2%)
$5,400 + $20,840
$26,240
2021
$1,617 (−7.2%)
$5,400 + $20,840
$26,240
2020
$1,742
$5,400 + $20,840
$26,240
2019
$1,742
$5,400 + $18,640
$24,040
2018
$1,742 (+76.3%)
$5,400 + $18,640
$24,040
2017
$988 (−5.3%)
$5,400 + $18,640
$24,040
2016
$1,043
$5,400 + $18,640
$24,040
2014
$1,043
$5,400 + $18,480
$23,880
Tax history for 5647 Myers Ave
Year
Property tax
Land + Additions
Assessment*
2025
$2,756 (+59.5%)
$8,600 + $43,680
$52,280
2024
$1,728 (+8.1%)
$8,600 + $43,680
$52,280
2023
$1,598
$5,400 + $20,840
$26,240
2022
$1,598 (−1.2%)
$5,400 + $20,840
$26,240
2021
$1,617 (−7.2%)
$5,400 + $20,840
$26,240
2020
$1,742
$5,400 + $20,840
$26,240
2019
$1,742
$5,400 + $18,640
$24,040
2018
$1,742 (+76.3%)
$5,400 + $18,640
$24,040
2017
$988 (−5.3%)
$5,400 + $18,640
$24,040
2016
$1,043
$5,400 + $18,640
$24,040
2014
$1,043
$5,400 + $18,480
$23,880
*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
Beds
4
Baths
4
Stories
2
Lot width
120 ft.
Lot depth
123 ft.
Lot size
0.34 Acres
Year renovated
—
Sq. Ft.
2,304
Year built
1973
Style
Multi-Family (2-4 Unit)
County
Shelby County
APN
093417 F00051
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2026.
R-6
Residential Single Family-6 District
The single-family residential districts are intended to accommodate one single-family detached principal dwelling unit per lot. These districts should be applied in areas where the land-use pattern is predominately single-family residential or where such a land use pattern is desired in the future. Five single-family residential districts are established-R-6 which are differentiated primarily on the basis of minimum lot area and setback requirements. New R-6 districts are generally located in an infill or redevelopment location where similar lot sizes are part of the original fabric of development. Additionally, R-6 districts should have a shared street network with and are generally located at least 500 to 1,000 ft from a CMU-1, CMU-2, CMU-3, or CBD district.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Senior
Infrastructure
Educational / school
Fire house
Police station
Recreation
Park & open space
Property details
Parking
Parking Information
Parking/Storage: Driveway/Pad
Interior
Bedroom Information
# of Bedrooms: 4
# of Bedrooms: 4
Master Bedroom Dimensions:
Master Bedroom Dimensions:
Bathroom Information
# of Baths (Full): 2
# of Baths (1/2): 2
# of Bathrooms (Full): 2
# of Bathrooms (1/2): 2
Interior Features
# of Rooms: 8
# of Stories: 2
Floors/Ceilings: Part Carpet
Room Information
Living Room Dimensions:
Dining Room Dimensions:
Den/Great Room Dimensions:
Dining Room Dimensions: 0X0
Living Room Dimensions: 0X0
Living/Dining/Kitchen: Separate Living Room
Den/Great Room Dimensions: 0X0
Additional Bedroom/Bathroom Info: Master Bedroom Up
Multi-Unit Information
Detached Unit Type: General Residential
Exterior
Exterior Features
Pool Description: None
Miscellaneous Exterior: Wrought Iron Security Doors
Exterior/Windows: Brick Veneer
Land Information
Acreage: 0.33
Lot Information
Parcel ID: 093417 F00051
Lot #: 429
Lot Size: 120X123
Lot Description: Level, Some Trees
Area: 785A
Property Information
Detached Single Family
Style: Traditional
Property Construction Status: Existing Property
Approx Heated Sq. Ft. Range: 2200-2399
Year Built: 1973
Financial
Tax Information
Annual City Tax: $838
Annual County Tax: $890
Financing
Buyer Contributions: 0
Utilities
Utility Information
Heating: Central
Cooling: Central
Location
Neighborhood Information
Voluntary
Location Details
Directions: FROM WINCHESTER TO CLARKE, THEN GO SOUTH ON CLARKE TO MYERS AVE
MAAR Subdivision Name: HERITAGE COLONY 1ST ADD BLK C
Public facts
Beds: 4
Baths: 4.0
Sq. Ft.: 2,304
Stories: 2.0
Lot Size: 0.34 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1973
Year Renovated: —
County: Shelby County
APN: 093417 F00051
Home facts updated by county records on Jul 13, 2026
Around this home
Schools
Hickory Ridge Elementary School
Public PreK-5 • Assigned • 0.7mi
6/10
Wooddale Middle School
Charter 6-8 • Assigned • 1.1mi
5/10
Wooddale High School
Public 9-12 • Assigned • 1.3mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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
19% chance of strong winds in next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38115
Average low and high temperatures (°F)
48
30
58
37
72
50
78
58
80
63
89
72
93
76
90
71
89
67
78
56
66
49
55
39
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.
10.5 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$162,000 – $195,000
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