$254,900
$35K PRICE DROP

Estimated payment $1,534/month

Total Views 7,969
-- Bed
-- Bath
3,486 Sq Ft
$73 Price per Sq Ft

Highlights

  • Wood Flooring
  • Cooling System Powered By Gas
  • No Heating

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. Don’t miss this great opportunity to own an income-producing multi-family property!

Listing Agent

Chris Mosby

ResiAmerica Inc Brokerage Phone: 9018307200 License #282881 Listed on: 10/25/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,534

Year Built

  • Built in 1925

Lot Details

  • Lot Dimensions are 50 x 130.5

Home Design

  • Quadruplex
  • Brick Exterior Construction

Interior Spaces

  • 3,486 Sq Ft Home
  • Property has 3 Levels

Flooring

  • Wood
  • Tile

Utilities

  • Cooling System Powered By Gas
  • No Heating

Community Details

  • 4 Units
  • Flower Garden Subdivision

Listing and Financial Details

  • Assessor Parcel Number 031107 00011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,534

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1925
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Wood, Tile
  • Building Area Units: Square Feet
  • Living Area: 3486
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Brick
  • Pool Private: No
  • Roof: Other
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No

Utilities

  • Cooling: Gas
  • Cooling Y N: Yes
  • Heating Yn: No
  • Laundry Features: Individual

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 50 X 130.5
  • Lot Size Units: Acres
  • Parcel #: 031107 00011
  • Property Attached Yn: Yes

Rental Info

  • Tenant Pays: Electricity, Water, Gas

Multi Family

  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 2534

Map

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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 -- $62,120 $6,160 $55,960
2024 -- $38,480 $5,240 $33,240
2023 $2,344 $38,480 $5,240 $33,240
2022 $2,344 $38,480 $5,240 $33,240
2021 $2,372 $38,480 $5,240 $33,240
2020 $2,646 $36,520 $5,240 $31,280
2019 $2,646 $36,520 $5,240 $31,280
2018 $2,646 $36,520 $5,240 $31,280
2017 $1,501 $36,520 $5,240 $31,280
2016 $1,196 $27,360 $0 $0
2014 $1,196 $27,360 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/25/2025 10/25/25 For Sale $289,900 +40.7% $83 / 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: Realtracs

Source: Realtracs

MLS Number: 3129745

Realtracs