$53,000

1549 Ely St Memphis, TN 38106

South Memphis Neighborhood

Estimated payment $291/month

Total Views 345
3 Beds
1 Bath
905 Sq Ft
$59 Price per Sq Ft

Highlights

  • Wooded Lot
  • Wood Flooring
  • Brick Veneer
  • Traditional Architecture
  • Separate Formal Living Room
  • 3-minute walk to Southside Park

About This Home

Unlock the income potential of this 3-bed, 1-bath rental property! With repairs, you can secure a **top-dollar tenant** and start generating strong cash flow. Rents in the area go upwards of $1,200, averaging around $995/mo! This is a **prime opportunity** for savvy investors looking to maximize ROI.

Listing Agent

Crystal Mitchell

Renshaw Company, REALTORS License #346815 Listed on: 01/02/2026

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1940

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 50x80
  • Wooded Lot
  • Few Trees

Home Design

  • Traditional Architecture
  • Brick Veneer

Interior Spaces

  • 905 Sq Ft Home
  • 1-Story Property
  • Separate Formal Living Room
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Car Garage
  • Front Facing Garage
  • Driveway

Community Details

  • Orlearns St Pl Blk 8 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 034025 00005

Home Details

Home Type

Single Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: ORLEANS ST PLACE BLK 8
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 905
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Hardwood Throughout
  • Full Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room

Exterior Features

  • Misc Exterior: Wooded Grounds
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: G2A
  • Parking Storage: Driveway/Pad, Front-Load Garage

Lot Info

  • Lot Description: Some Trees
  • Lot Number: E PT 7&8
  • Acreage: 0.09
  • Lot Size: 50X80
  • Geo Subdivision: TN

Tax Info

  • Assessor Parcel Number: 034025 00005

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

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 $173 $8,900 $1,750 $7,150
2024 $173 $5,100 $750 $4,350
2023 $311 $5,100 $750 $4,350
2022 $311 $5,100 $750 $4,350
2021 $314 $5,100 $750 $4,350
2020 $290 $4,000 $750 $3,250
2019 $290 $4,000 $750 $3,250
2018 $290 $4,000 $750 $3,250
2017 $164 $4,000 $750 $3,250
2016 $187 $4,275 $0 $0
2014 $187 $4,275 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/02/2026 01/02/26 For Sale $53,000 -- $59 / Sq Ft
Source: Memphis Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $2,500 None Available
Quit Claim Deed -- None Available
Special Warranty Deed $8,250 None Available
Special Warranty Deed $4,000 None Available
Trustee Deed $20,000 None Available
Special Warranty Deed $7,000 Resource Title Of Tennessee
Warranty Deed $53,000 Nations Title Tennessee Inc
Trustee Deed $34,003 --
Trustee Deed $34,003 --
Warranty Deed $29,249 Chicago Title Insurance Co
Warranty Deed $29,249 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $45,750 Commercial
Previous Owner $42,400 Purchase Money Mortgage
Source: Public Records

Source: Memphis Area Association of REALTORS®

MLS Number: 10212052

Memphis Area Association of REALTORS®

APN: 03-4025-0-0005

Tennessee Shelby County Memphis 38106 South Memphis

1549 Ely St, Memphis, TN

For Sale

Detached

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Crystal Mitchell
Listing Agent
Crystal Mitchell
Section Image
Renshaw Company, REALTORS
(901) 669-5785