115 E Dempster Ave Memphis, TN 38109
South Memphis NeighborhoodEstimated payment $239/month
Highlights
- Traditional Architecture
- Porch
- Patio
- Some Wood Windows
- Eat-In Kitchen
- Combination Dining and Living Room
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.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $170
Year Built
- Built in 1936
Lot Details
- 7,405 Sq Ft Lot
- Lot Dimensions are 50x150
- Level Lot
Parking
- Driveway
Home Design
- Traditional Architecture
- Composition Shingle Roof
- Vinyl Siding
- Pier And Beam
Interior Spaces
- 1,400-1,599 Sq Ft Home
- 1,570 Sq Ft Home
- 1-Story Property
- Some Wood Windows
- Combination Dining and Living Room
- Partially Carpeted
- Eat-In Kitchen
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
- 1 Full Bathroom
Outdoor Features
- Patio
- Porch
Community Details
- New South Memphis Blk 3 Subdivision
Listing and Financial Details
- Assessor Parcel Number 050079 00011
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $65,000 | Saddle Creek Title Llc | |
| Interfamily Deed Transfer | -- | Saddle Creek Title | |
| Quit Claim Deed | $5,000 | Accommodation | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | $1,000 | None Available | |
| Quit Claim Deed | $4,500 | None Available | |
| Quit Claim Deed | $25,900 | None Available | |
| Quit Claim Deed | $25,900 | None Available | |
| Special Warranty Deed | $5,500 | None Available | |
| Trustee Deed | $13,000 | None Available | |
| Warranty Deed | $45,600 | Fayette County Title Company | |
| Special Warranty Deed | $14,900 | -- | |
| Special Warranty Deed | -- | -- | |
| Trustee Deed | $9,400 | -- | |
| Warranty Deed | $53,000 | -- | |
| Trustee Deed | $42,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $55,000 | Stand Alone Second | |
| Previous Owner | $49,600 | Fannie Mae Freddie Mac | |
| Previous Owner | $45,600 | No Value Available | |
| Previous Owner | $47,700 | No Value Available | |
| Previous Owner | $8,506 | No Value Available |
Source: Memphis Area Association of REALTORS®
MLS Number: 10198883
APN: 05-0079-0-0011
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