$274,900
$15K PRICE DROP

2012 Carnes Ave Memphis, TN 38114

Orange Mound Neighborhood

Estimated payment $1,711/month

Total Views 3,455
6 Beds
-- Bath
3,411 Sq Ft
$81 Price per Sq Ft

Highlights

  • Wood Flooring
  • Baseboard Heating
  • Floor Furnace

About This Home

Located in a solid rental area, this 4-plex property offers excellent income potential. The property features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, making it a versatile addition to any investment portfolio. One of the 2-bedroom units was previously rented to a Section 8 tenant for $945 per month, demonstrating strong rental demand. With full occupancy, this property has the potential to generate $3,200+ in monthly income. Conveniently situated near Downtown Memphis, Midtown, and major freeway access, this property provides easy access to dining, shopping, and employment centers. Dont miss this great opportunity to own an income-producing multi-family property!

Listing Agent

Chris Mosby

ResiAmerica, Inc. License #282881 Listed on: 10/23/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 871 Sq Ft Lot
  • Lot Dimensions are 50 x 130.5

Parking

  • Paved Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 3,411 Sq Ft Home
  • 2-Story Property
  • Partial Basement
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Tile

Utilities

  • Cooling System Powered By Gas
  • Floor Furnace
  • Baseboard Heating

Community Details

  • 4 Units
  • Flower Garden Subdivision

Listing and Financial Details

  • Assessor Parcel Number 031107 00011

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Fourplex
  • MAAR Subdivision Name: FLOWER GARDEN
  • Freestanding: Yes
  • Number Of Stories: 2
  • Estimated Sq Ft: 3411
  • Year Built: 1925
  • Construction: Brick
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Hardwood Throughout, Tile

Exterior Features

  • Foundation: Partial Basement
  • Roof: Shingle/Shake

Garage/Parking

  • Parking Facility: Asphalt/Blacktop, Concrete

Utilities

  • Hot Water: Public Water
  • Cooling Systems: Gas
  • Heating Systems: Floor Furnace, Baseboard
  • Laundry: Connections

Lot Info

  • Lot Number: 133-134
  • Acreage: 0.02
  • Lot Size: 50 X 130.5
  • Geo Subdivision: TN

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Assessor Parcel Number: 031107 00011

Multi Family

  • Total Number Of Units: 4
  • Number2 Bedroom Units: 2
  • Type of Unit: 1 BR - 1 Bath, 2 BR - 1 Bath

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/04/2025 12/04/25 Price Changed $274,900 -5.2% $81 / Sq Ft
10/23/2025 10/23/25 For Sale $289,900 +40.7% $85 / Sq Ft
03/07/2023 03/07/23 Sold $206,000 -15.9% $59 / Sq Ft View Prior Sale
12/16/2022 12/16/22 Pending -- -- --
12/07/2022 12/07/22 For Sale $245,000 -- $70 / Sq Ft
Source: Memphis Area Association of REALTORS®

Source: Memphis Area Association of REALTORS®

MLS Number: 10208512

Memphis Area Association of REALTORS®
Tennessee Shelby County Memphis 38114 Orange Mound

2012 Carnes Ave, Memphis, TN

For Sale

MultiFamily

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Chris Mosby
Listing Agent
Chris Mosby
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ResiAmerica, Inc.
(901) 245-5157