$88,000
$19K PRICE DROP

Estimated payment $514/month

Total Views 4,750
4 Beds
2 Baths
1,570 Sq Ft
$56 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Tile Flooring
  • Level Lot
  • Step Saver Kitchen Design
  • Hot Water Heating System
  • 5-minute walk to Hollywood Community Center

About This Home

Chance for a cashflowing duplex in Memphis - both units were remodeled in 2024 to draw in tenants and get this place making money for the next owner! Nice, brick building with 2 x 2/1 units with actual off-street parking all makes for a great combo to win long-term with these units. The vacant unit should be done soon and pics will be available online after to show it. The occupied side is rented for $650 and they are current. No wholesaler/assignable offers will be accepted. End buyers only. No seller-financing or creative deals, must sell outright.

Listing Agent

Randall Weatherall

Memphis Metro Realty License #348070 Listed on: 04/08/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 40x150
  • Level Lot

Parking

  • Driveway

Home Design

  • Duplex
  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,570 Sq Ft Home
  • 1-Story Property
  • Step Saver Kitchen Design

Flooring

  • Tile
  • Vinyl

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Community Details

  • Fairfax Subdivision

Listing and Financial Details

  • Assessor Parcel Number 042062 00047

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Second Address Number: 1512
  • MAAR Subdivision Name: FAIRFAX
  • Freestanding: Yes
  • Number Of Stories: 1
  • Estimated Sq Ft: 1570
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Tile, Vinyl Floor
  • Estimated Entire Duplex Sq Ft: 1400-1599

Exterior Features

  • Exterior Windows: Brick Veneer
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Parking Display: N0
  • Parking: Driveway/Pad

Utilities

  • Heating: Gas, Wall Heat
  • Hot Water: Gas, Individual System

Lot Info

  • Lot Description: Level
  • Lot Number: 115
  • Acreage: 0.13
  • Lot Size: 40X150
  • Geo Subdivision: TN

Rental Info

  • Tenants Pay: All Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 042062 00047

Multi Family

  • Perc Occ: 50

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 -- $20,840 $2,000 $18,840
2024 -- $10,080 $1,520 $8,560
2023 $614 $10,080 $1,520 $8,560
2022 $614 $10,080 $1,520 $8,560
2021 $621 $10,080 $1,520 $8,560
2020 $791 $10,920 $1,520 $9,400
2019 $349 $10,920 $1,520 $9,400
2018 $349 $10,920 $1,520 $9,400
2017 $357 $10,920 $1,520 $9,400
2016 $516 $11,800 $0 $0
2014 $516 $11,800 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/28/2025 10/28/25 Price Changed $88,000 -0.8% $56 / Sq Ft
10/27/2025 10/27/25 For Sale $88,700 0.0% $56 / Sq Ft
09/24/2025 09/24/25 Pending -- -- --
09/08/2025 09/08/25 Price Changed $88,700 -0.9% $56 / Sq Ft
08/25/2025 08/25/25 Price Changed $89,500 -0.4% $57 / Sq Ft
08/08/2025 08/08/25 For Sale $89,900 0.0% $57 / Sq Ft
08/08/2025 08/08/25 Price Changed $89,900 -0.1% $57 / Sq Ft
07/15/2025 07/15/25 Pending -- -- --
05/28/2025 05/28/25 Price Changed $90,000 -7.2% $57 / Sq Ft
05/05/2025 05/05/25 Price Changed $97,000 -9.3% $62 / Sq Ft
04/08/2025 04/08/25 For Sale $107,000 +18.9% $68 / Sq Ft
06/17/2022 06/17/22 Sold $90,000 -9.1% $57 / Sq Ft View Prior Sale
04/25/2022 04/25/22 Pending -- -- --
02/17/2022 02/17/22 For Sale $99,000 -- $63 / Sq Ft
Source: Memphis Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $9,000 Commercial Title Group Llc
Source: Public Records

Source: Memphis Area Association of REALTORS®

MLS Number: 10193806

Memphis Area Association of REALTORS®

APN: 04-2062-0-0047