# 4010 SUMMER Ave, Memphis, TN 38122

> **TL;DR:** multi-family, $685,000 ($125/sqft), built 1960, 5,488 sqft. Est. $2,968/mo. Listed 31 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $685,000 |
| Price/sqft | $125 |
| Square Feet | 5,488 |
| Year Built | 1960 |
| Property Type | Multi-Family (Apartment) |
| Status | For Sale |
| Days on Market | 31 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,968 |
| **Total** | **$2,968** |

## Property Highlights

- Built in 1960

## Description

### Agent Description
Fully occupied 6-unit multifamily on Summer Ave! PRIME LOCATION! Renovated in 2020, each unit offers 3BR layouts-rare and in high demand, supporting strong tenant retention and consistent income. Major upgrades include new roof, updated plumbing, full electrical rewire, and all HVAC systems and water heaters replaced, delivering a true turnkey, low-maintenance asset. Currently generating approx. $75,000 annually, exceeding the 1% rule with immediate cash flow from day one. Prime location with quick access to Interstate 40 and near Grahamwood Elementary School, increasing tenant demand. Strong rental corridor with excellent accessibility. Ideal for investors seeking stable returns, low overhead, and long-term appreciation. Opportunities like this are increasingly difficult to find in today's market. Don't miss out on this rare investment. Contact me today for additional details or to schedule a private showing.

## Location

- **Address:** 4010 SUMMER Ave, Memphis, TN 38122
- **County:** Shelby
- **Neighborhood:** BRATTAIN RAYMOND
- **Coordinates:** 35.149554, -89.926958
- **Google Maps:** https://www.google.com/maps?q=35.149554,-89.926958

## Listing Agent

- **Name:** Anna Palazola
- **Brokerage:** Crye-Leike, Inc., REALTORS
- **Phone:** 9013833968
- **Email:** sellwithannapalazola@gmail.com

## Primary Photo

![4010 SUMMER Ave - Primary Photo](http://lh.rdcpix.com/aed88b6cf5edf70dbf47a6f293026014l-f614795590r.jpg)

*17 total photos available on [listing page](https://www.propertysimple.com/listing/4010-summer-ave-memphis-tn-38122-10220598)*

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**MLS#:** 10220598 | **Updated:** 2026-06-17
**Source:** listhub

*Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/4010-summer-ave-memphis-tn-38122-10220598)

---

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