NOT LISTED FOR SALE

115 E Dempster Ave Memphis, TN 38109

South Memphis Neighborhood

Estimated Value: $39,000 - $112,000

4 Beds
1 Bath
1,554 Sq Ft
$37/Sq Ft Est. Value

About This Home

4-bedroom, 1-bath investment property priced at just $49,500. With an estimated $27,000 in repairs, this home is ideal for investors seeking a solid value-add project with strong cash flow potential. Key Highlights: Located in Memphis’ 38109 ZIP — a high-demand rental area minutes from Downtown, Surrounded by active investor activity and long-term community growth, Section 8 rental comps in the area average $1,400/month, with consistent demand for 4-bedroom units. This property offers a chance to build equity and generate reliable rental income in a growing submarket. Perfect for a buy-and-hold investor or someone looking to build a small rental portfolio. Being sold as-is.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 26, 2021
Sold by
Perfect Carlton and Graham Andre
Bought by
Pascal Ronald
Current Estimated Value
$58,144

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Outstanding Balance
$49,079
Interest Rate
2.7%
Mortgage Type
Stand Alone Second
Estimated Equity
$9,065

Purchase Details

Closed on
Sep 25, 2020
Sold by
Perfect Carlton
Bought by
Perfect Carlton and Graham Andre

Purchase Details

Closed on
Jul 10, 2020
Sold by
Ladorsia Jackson
Bought by
Perfect Carlton

Purchase Details

Closed on
Nov 14, 2019
Sold by
Taylor Darrick
Bought by
Jackson Ladorsia

Purchase Details

Closed on
Feb 21, 2018
Sold by
State Of Tennesse
Bought by
Jackson Ladorisa and Taylor Derrick

Purchase Details

Closed on
Dec 10, 2009
Sold by
Go Invest Wisely Llc
Bought by
Seg Reo Program Llc

Purchase Details

Closed on
Nov 23, 2009
Sold by
Seg Commercial Llc
Bought by
Two Average Joes Llc

Purchase Details

Closed on
Jun 17, 2008
Sold by
Suntrust Mortgage Inc
Bought by
Go Invest Wisely Llc

Purchase Details

Closed on
Apr 3, 2008
Sold by
Alexander Charles W
Bought by
Suntrust Mortgage Inc

Purchase Details

Closed on
Nov 26, 2002
Sold by
Hansard Steve M
Bought by
Alexander Charles W

Purchase Details

Closed on
Aug 13, 2001
Sold by
Pledged Property Iii Llc
Bought by
Hansard Steve M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,600
Interest Rate
6.67%

Purchase Details

Closed on
Jun 15, 2001
Sold by
Household Finance Corp
Bought by
Pledged Property Iii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,600
Interest Rate
6.67%

Purchase Details

Closed on
May 4, 2001
Sold by
Larry Newsome
Bought by
Household Finance Corp

Purchase Details

Closed on
Sep 2, 1999
Sold by
Adams Arthur L
Bought by
Newsome Larry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,700
Interest Rate
10.7%

Purchase Details

Closed on
Aug 24, 1998
Sold by
Edith Wright and Wright Ellen Wright
Bought by
Hud
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pascal Ronald $65,000 Saddle Creek Title Llc
Perfect Carlton -- Saddle Creek Title
Perfect Carlton $5,000 Accommodation
Jackson Ladorsia -- None Available
Jackson Ladorisa $1,000 None Available
Seg Reo Program Llc $4,500 None Available
Two Average Joes Llc $25,900 None Available
Seg Commercial Llc $25,900 None Available
Go Invest Wisely Llc $5,500 None Available
Suntrust Mortgage Inc $13,000 None Available
Alexander Charles W $45,600 Fayette County Title Company
Hansard Steve M $14,900 --
Hansard Steve M $14,900 --
Pledged Property Iii Llc -- --
Pledged Property Iii Llc -- --
Household Finance Corp $9,400 --
Household Finance Corp $9,400 --
Newsome Larry $53,000 --
Newsome Larry $53,000 --
Hud $42,500 --
Hud $42,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pascal Ronald $55,000
Previous Owner Hansard Steve M $45,600
Previous Owner Newsome Larry $47,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2025 10/29/25 Price Changed $39,500 -7.1% $28 / Sq Ft
10/20/2025 10/20/25 For Sale $42,500 0.0% $30 / Sq Ft
10/03/2025 10/03/25 Pending -- -- --
08/19/2025 08/19/25 Price Changed $42,500 -14.1% $30 / Sq Ft
06/12/2025 06/12/25 For Sale $49,500 -- $35 / Sq Ft

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $170 $13,375 $1,250 $12,125
2024 -- $5,000 $1,000 $4,000
2023 $305 $5,000 $1,000 $4,000
2022 $305 $5,000 $1,000 $4,000
2021 $362 $5,000 $1,000 $4,000
2020 $313 $4,325 $1,000 $3,325
2019 $138 $4,325 $1,000 $3,325
2018 $118 $0 $0 $0
2017 $0 $0 $0 $0
2016 -- $0 $0 $0
2014 $175 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Carstensen

    Seller's Agent in 2025

    Jennifer Carstensen

    Real Estate Agency

    (901) 201-0280

    319 Total Sales

    Jennifer Carstensen
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Map

Tennessee Shelby County Memphis 38109 South Memphis

115 E Dempster Ave, Memphis, TN

Not Listed for Sale

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