2006 Felix Ave Memphis, TN 38104
Cooper-Young NeighborhoodEstimated payment $2,751/month
About This Home
Excellent investment opportunity! This triplex offers three separate living units, each with its own charm and income potential. The main level features a 2-bedroom, 1-bath unit with a comfortable layout and easy access to the shared outdoor areas. Upstairs, you’ll find a 1-bedroom, 1-bath unit with a private side entrance—ideal for added privacy or tenant convenience. In addition, there’s a detached garage with a 1-bedroom, 1-bath apartment above, offering even more flexibility for rental income or guest accommodations. Each unit is individually designed to maximize livability and function while keeping maintenance simple. Whether you’re expanding your rental portfolio or searching for a multi-unit property to live in while generating income, this triplex delivers solid potential. Conveniently located near shopping, dining, and main commuter routes, it’s a great find for investors seeking reliable returns and long-term value.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,401
Year Built
- Built in 1912
Lot Details
- 7,405 Sq Ft Lot
- Lot Dimensions are 71x146
Parking
- Paved Parking
Home Design
- Triplex
- Composition Roof
- Wood Composite
Interior Spaces
- 1,211 Sq Ft Home
- 1.5-Story Property
- Ceiling Fan
- Crawl Space
- Washer and Dryer Hookup
Flooring
- Laminate
- Tile
Utilities
- Two Cooling Systems Mounted To A Wall/Window
- Heating System Uses Gas
- Gas Water Heater
Community Details
- 2 Buildings
- 3 Units
- J J Williams Subdivision
Listing and Financial Details
- Assessor Parcel Number 031122 00041
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 | $2,401 | $90,625 | $13,225 | $77,400 |
| 2024 | $2,365 | $70,825 | $11,150 | $59,675 |
| 2023 | $4,314 | $70,825 | $11,150 | $59,675 |
| 2022 | $4,314 | $70,825 | $11,150 | $59,675 |
| 2021 | $5,128 | $70,825 | $11,150 | $59,675 |
| 2020 | $3,572 | $49,300 | $10,050 | $39,250 |
| 2019 | $1,576 | $49,300 | $10,050 | $39,250 |
| 2018 | $1,576 | $49,300 | $10,050 | $39,250 |
| 2017 | $1,613 | $49,300 | $10,050 | $39,250 |
| 2016 | $1,729 | $39,575 | $0 | $0 |
| 2014 | $1,729 | $39,575 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/31/2025 10/31/25 | For Sale | $485,000 | -- | $400 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $265,000 | Saddle Creek Title | |
| Warranty Deed | $265,000 | Griffin Clift Everton And Masc | |
| Warranty Deed | $165,000 | Closetrak Llc | |
| Warranty Deed | $125,000 | Edco Ttl & Closing Svcs Inc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $336,750 | New Conventional | |
| Previous Owner | $360,000 | New Conventional | |
| Previous Owner | $300,000 | Purchase Money Mortgage |
Source: Memphis Area Association of REALTORS®
MLS Number: 10208871
APN: 03-1122-0-0041
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