712 N 5th St, Memphis, TN, 38107
About This Home
Fully electric 5-unit multifamily property with 3 occupied units generating $2,718/month in rental income. Property was fully renovated approximately 5 years ago with new roof, HVAC systems, water heaters, and flooring. Two units are currently leased through Section 8. Two vacant units offer additional income potential. Do not disturb tenants. No showings until accepted offer.
Getting Around
Very Walkable
Good Transit
BikeableSchools
Construction
Condition
- Year built: 1966
Materials
- Foundation: Slab
- Roof: Composition
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Electric Water Heater
- Laundry features: None
Features
- Flooring: Hardwood
Heating & Cooling
- Heating features: Central,Other (See Remarks)
- Cooling features: Central Air
Interior Area
- Total interior livable area: 3,202 sqft
Property
Details
- Parcel number: 001081 00007
Features
- Stories: 2
Lot
- Lot size: 7,722 sqft
- Lot size dimensions: 52 x 148.5
Parking
- Parking features: Asphalt/Blacktop
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Earthquake
- Heat Wave
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Tennessee Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,274 | $27,288 |
| Home Insurance | $436 | $5,232 |
| Property Taxes | $363 | $4,356 |
| Electricity | $260 | $3,121 |
| Total | $3,333 | $39,996 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-23 | Price change | $449,900 |
| 2026-06-23 | Listed for sale | $459,900 |
| 2024-02-17 | Listing removed | -- |
| 2023-07-08 | Price change | $499,900 |
| 2023-05-19 | Price change | $599,900 |
| 2023-03-31 | Listed for sale | $625,000 |
| 2022-12-22 | Listing removed | -- |
| 2022-08-26 | Listing removed | $625,000 |
| 2022-07-22 | Listed for sale | $625,000 |
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