2342 Parkway Pl

Memphis, TN 38112

$1,010,000
Last Sold Price
—
Beds
—
Baths
17,000 Sq. Ft.
$59 / Sq. Ft.
17,000
Sq. Ft.
$59
per Sq. Ft.

Description

Tremendous Value-Add portfolio of 2 Apartments, 32 Units in Midtown/Overton Square, a very desirable area. Huge Upside for Buyer. 2342 Parkway Pl & 2345 Forrest Ave. Partially leased at ~$400/mo., w/ Renovations rents can be increased by +$450 to $850/mo. Across from Overton Park, Tenants can walk to Levitt Shell, Zoo, Overton Square, & Cooper Young, Brooks Museum, Entertainment, Rhodes/CBU, Restaurants, & Shopping! High Traffic of >36,000 adt. New developments nearby. Don't miss out on this!Tremendous Value-Add portfolio of 2 Apartments, 32 Units in Midtown/Overton Square, a very desirable area. Huge Upside for Buyer. 2342 Parkway Pl & 2345 Forrest Ave. Partially leased at ~$400/mo., w/ Renovations rents can be increased by +$450 to $850/mo. Across from Overton Park, Tenants can walk to Levitt Shell, Zoo, Overton Square, & Cooper Young, Brooks Museum, Entertainment, Rhodes/CBU, Restaurants, & Shopping! High Traffic of >36,000 adt. New developments nearby. Don't miss out on this!
  1. Listed by Jeanette Lin • Pinnacle Realty
  2. Listed by Harry Samuels • Pinnacle Realty

Property Details for 2342 Parkway Place

Area
744I
MAAR Subdivision Name
PARKWAY PLACE BLK 1
Legal Subdivision Name
PARKWAY PL BLK 1
LISTING UPDATED: 03/19/2020 06:04 PM

Property Details for 2342 Parkway Place

StatusClosed
MLS #10058621
Days on Market215
Taxes$4,507 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment Complex
Year Built1925
Lot Size7641.46 AC / 332,862,097 SF
CountyShelby County

Location

Listing Courtesy of Pinnacle Realty

Sold By Pinnacle Realty

Add your commute

Building Information for 2342 Parkway Place

Stories-Residences32Year Built1925Building Size-Lot Size7641.46 AC / 332,862,097 SF

Payment Calculator

$5,667 per month

30 year fixed, 6.845% Interest

Principal and Interest

$5,292

Property Taxes

$376

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2342 Parkway Place

Summary
Location and General Information
  • Address: 2342 PARKWAY PL
  • Address Search Number: 2342
  • Directions: Across from Overton Park.
  • Map Coordinate: I
  • MLS Map Num: Overton Park
Taxes and HOA Information
  • Hot Water: Other (See REMARKS)
  • LVT Date: 07-31-2019
Property
Lot Information
  • Lot Size: 144.2/159.2X120/120.83
  • Lot Num: 2and3andEP
  • Parcel ID: 033001 00080 and 033001 00038
Property and Assessments
  • Amenities: Other (See REMARKS)
  • Foundation: Slab
  • Service Type: Full Service Listing
Interior and Exterior Features
Exterior Features
  • Roof: Shingle/Shake
Interior Features
  • Appliances / Equipment: Other (See REMARKS)
  • Floors/Ceilings: Partial Carpet, Other (See Remarks)
Multi Family
Multi-Family Information
  • Num of 1 Bedroom Units: 12
  • Num of 2 Bedroom Units: 20
  • Num of 3 Bedroom Units: 0
  • Num of Efficiency Studio Units: 0
  • Num of Buildings: 4
  • Num Other Units: 0
  • Assumption: No Assumption
  • Construction: Brick/Veneer, Other (See Remarks)
  • Cooling Systems: Other (See Remarks)
  • Existing Financing: Clear
  • Gross Potential Annl Rent: $326,000
  • Heating Systems: Central, Other (See Remarks)
  • Laundry: None
  • Miscellaneous Exterior: Sidewalks, Some Landscaping, Historic District, Other (See Remarks)
  • Operating Expenses: Management, Insurance, Taxes, Other (Call LA)
  • Parking Facility: Asphalt/Blacktop
  • Possession: At Closing
  • Sale Includes: Building and Land
  • Source Of Info: Brochure, Rent Roll, P/L Statement
  • Tenant Pays: Other (Call LA)
  • Type Units: 1 BR - 1 Bath, 2 BR - 1 Bath

Property History for 2342 Parkway Place

DateEvent & SourcePriceAppreciation
Mar 19, 2020

Sold

MAARMLS #10058621

$1,010,000—
Mar 2, 2020

Contract Signed

MAARMLS #10058621

—
Jul 31, 2019

Listed (Active)

MAARMLS #10058621

$1,599,000—
DateEvent & SourcePrice
03/19/2020

Sold

MAARMLS #10058621

$1,010,000
03/02/2020

Contract Signed

MAARMLS #10058621

—
07/31/2019

Listed (Active)

MAARMLS #10058621

$1,599,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2342 Parkway Place

Taxable ValueLand$17,960Additions$279,720Total$297,680
Tax Record2023$18,134 ($1,511 / month)
Home Facts
Baths2Total Finished SqFt3,140 SqFtAbove Grade Finished SqFt3,140 SqFtStories1Lot Size18,252 SqFtStyleMulti-Family Res (5+ Units)Year Built1925Year Renovated2003ZoningR-6CountySHELBYAPN033-001- - -00080Fireplace TypeHas Fireplace

Schools near 2342 Parkway Place

This home is within Shelby County Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
William Herbert Brewster Elementary School
PublicPK to 5

Treadwell Middle School
Public6 to 8

Central High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Pinnacle Realty

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Services of MAAR and Central West Tennessee Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the MAAR and Central West Tennessee Association of Realtors logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by MAAR and Central West Tennessee Association of Realtors. Listing information Copyright© 2025 MLS of MAAR and Central West Tennessee Association of Realtors, Inc. All Rights Reserved.