$39,000
$5K PRICE DROP

1540 Gabay St Memphis, TN 38106

South Memphis Neighborhood

Estimated payment $251/month

Total Views 6,113
2 Beds
1 Bath
600-799 Sq Ft
$49 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Eat-In Kitchen
  • 1-Story Property
  • Wood Flooring

About This Home

Nice cozy home tucked away on a decent street! Occupied by a long term tenant paying $725! Property Will need updated plumbing as well as cosmetic repairs! Property will be delivered vacant.

Listing Agent

Duane Kinnard

Tri-Leake Realty License #335044 Listed on: 05/07/2025

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1939

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 50x82
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 600-799 Sq Ft Home
  • 720 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Iron Doors
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • Gabay Subdivision

Listing and Financial Details

  • Assessor Parcel Number 034042 00002

Home Details

Home Type

Single Family

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 747B
  • MAAR Subdivision Name: GABAY
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 720
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 600-799
  • Bedroom 2 Description: Level 1, Hardwood Floor
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Hardwood Throughout
  • Full Bathrooms: 1
  • Living Dining Kitchen: Eat-In Kitchen
  • Total Bathrooms: 1
  • P R I M A R Y B E D R O O M: Hardwood Floor

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Vinyl Siding

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Window Unit(s)
  • Heating: Wall Unit

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 131&132
  • Acreage: 0.09
  • Lot Size: 50X82
  • Price Per Acre: 433333
  • Geo Subdivision: TN

Multi Family

  • Number Of Rooms: 4

Tax Info

  • Assessor Parcel Number: 034042 00002

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 -- $6,800 $1,750 $5,050
2024 -- $4,075 $750 $3,325
2022 $0 $0 $0 $0
2021 $0 $0 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 $0 $0 $0 $0
2016 -- $0 $0 $0
2014 $115 $0 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2025 05/13/25 Price Changed $39,000 -11.4% $65 / Sq Ft
05/07/2025 05/07/25 For Sale $44,000 +423.8% $73 / Sq Ft
07/19/2018 07/19/18 Sold $8,400 0.0% $84 / Sq Ft
07/19/2018 07/19/18 Pending -- -- --
07/19/2018 07/19/18 For Sale $8,400 -- $84 / Sq Ft
Source: Memphis Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Nexus Title & Escrow
Warranty Deed $40,000 Nexus Title & Escrow Llc
Quit Claim Deed $2,000 None Available
Source: Public Records

Similar Homes in Memphis, TN

  • 613 Wicks Ave, Memphis, TN 38126

    $50,000

    • 2 Beds
    • 1 Bath
    • 600+ Sq Ft
    • 613 Wicks Ave
    • Memphis, TN

    This is a perfect investor property. Nice 2 bedroom brick home with 1 bath located close to downtown and on a bus line. First time home buyers welcome.

    Oliver Peyton The Peyton Co., Inc., REALTORS

    Section Image
  • 2965 Lotus Rd, Memphis, TN 38109

    $42,000

    • 1 Bed
    • 1 Bath
    • 800+ Sq Ft
    • 2965 Lotus Rd
    • Memphis, TN

    INVESTOR SPECIAL!! Cute 1BR/1BA home located in Southwest Memphis area off of Lotus Rd near U.S. 61 South. This quaint home has Primary Bedroom, shared Bathroom, Kitchen, Living Room and a small Sunroom off of the rear of the home with it's own small storage area as well. Lot is 0.6 Acres with a larger front yard and a smaller back yard. It is close to shopping and restaurants off of U.S. 61 as

    Edwin Scruggs BHHS Taliesyn Realty

    Section Image
  • 2139 Lyon Ave, Memphis, TN 38108

    $33,900

    • 2 Beds
    • 1 Bath
    • 800+ Sq Ft
    • 2139 Lyon Ave
    • Memphis, TN

    Fantastic Investment Opportunity In Hyde Park neighborhood! AS-IS! No wholesalers! No seller financing! Cash or Hard Money offers only! The seller is looking for offers with no inspection contingencies since the property is vacant and can be viewed anytime. Rental rates for the area are $750 - $1,100/month. VIDEO AVAILABLE UPON REQUEST!

    Jordan Ray eXp Realty, LLC

    Section Image
  • 1433 Humber St, Memphis, TN 38106

    $45,000

    • 2 Beds
    • 1 Bath
    • 1,000+ Sq Ft
    • 1433 Humber St
    • Memphis, TN

    Great opportunity for a renovation on wide lot with detached garage to side of home / nice size rooms, this is as AS IS sale and will not qualify for most financing in current condition / you have a blank canvas to be able to finish home to meet your needs and taste

    Ben Strauch Skyline Realty

    Section Image
  • 1661 Humber St, Memphis, TN 38106

    $35,000

    • 3 Beds
    • 1.5 Baths
    • 1,400+ Sq Ft
    • 1661 Humber St
    • Memphis, TN

    3 bedroom 1.5 Bath Home. Looking for a fixer upper. Ask About Financing that can cover for Purchase and Renovations. Selling As Is. Seller is also Selling 2 more lots on the same street, 1661 Humber (Lot with Framed work) and 1658 Humber (Vacant lot). Let us know if you have any questions!

    Courtney Staples Keller Williams

    Section Image
  • 525 E Dison Ave, Memphis, TN 38106

    $45,000

    • 3 Beds
    • 1 Bath
    • 800+ Sq Ft
    • 525 E Dison Ave
    • Memphis, TN

    Home is being sold AS-IS, seller will not do any repairs. Some repairs started but are not completed. Great investment opportunity. Cash offers only.

    Esther Guy BenchMark REALTORS, LLC

    Section Image
  • 749 E Trigg Ave, Memphis, TN 38106

    $35,000

    • 3 Beds
    • 1 Bath
    • 1,400+ Sq Ft
    • 749 E Trigg Ave
    • Memphis, TN

    Investment Opportunity! Property being sold AS-IS. Add this house to your portfolio today!

    Zahra Sultan eXp Realty, LLC

    Section Image
  • 615 E Trigg Ave, Memphis, TN 38106

    $32,500

    • 3 Beds
    • 1 Bath
    • 1,337 Sq Ft
    • 615 E Trigg Ave
    • Memphis, TN

    Situated close to the heart of Downtown Memphis, this property offers a strategic location with growing appeal. The surrounding area is undergoing steady redevelopment, with improved infrastructure and increased activity. Its quick access to major routes, city amenities, and local services makes it a strong option for those seeking convenience and future upside. Whether you're looking to

    Daniel Demers Sell Your Home Services, LLC

    Section Image
  • 1264 Mississippi Blvd, Memphis, TN 38106

    $49,670

    • 3 Beds
    • 1 Bath
    • 1,400+ Sq Ft
    • 1264 Mississippi Blvd
    • Memphis, TN

    THIS IS A RESIDENTIAL HOME, THAT'S IN A COMMERCIAL AREA, 3 BD.RM, 1 BA., SEP. LIV. RM, KIT, AND LAUNDRY RM. WITH PREMINANT STAIRS LEADING UP TO EXPANDABLE AREA IN ATTIC IT ALSO HAS A BASEMENT FOR YOUR USE. IT GIVES YOU ALL TYPES OF POSSIBILITIES AND POTENTIALS. LOCATED AROUND BEAUTY SHOPS, YMCA, FUNERAL HOME, APPROX. 1 BLOCK FROM 4 WAY GRILL & STAX RECORDING STIDIO JUST USE YOUR AMAGINATION,

    Helen Jackson Good Shepherds Realty & Invest

    Section Image
See All Homes in Memphis

Source: Memphis Area Association of REALTORS®

MLS Number: 10196185

Memphis Area Association of REALTORS®

APN: 03-4042-0-0002

Tennessee Shelby County Memphis 38106 South Memphis

1540 Gabay St, Memphis, TN

This home is located at 1540 Gabay St, Memphis, TN 38106 and is currently priced at $39,000, approximately $48 per square foot. This property was built in 1939. 1540 Gabay St is a home located in Shelby County with nearby schools including A. B. Hill Elementary School, Riverview Middle School, and Hamilton High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Memphis Area Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Some or all of the listings displayed may not belong to the firm whose website is being visited. Copyright© 2025 Memphis Area Association of REALTORS®.

Nearby Homes
Listing Agent
Duane Kinnard
Section Image
Tri-Leake Realty
(901) 675-6911