2012 Carnes Ave Memphis, TN 38114
Orange Mound NeighborhoodEstimated payment $1,584/month
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
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
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 | -- | $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 |
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
MLS Number: 3129745
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.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
- 2008 Waverly Ave
- 2053 Waverly Ave
- 2046 Lamar Ave
- 1985 Manila Ave
- 1902 E Mclemore Ave
- 1898 E Mclemore Ave
- 1053 Fleece Place
- 1856 Foster Ave
- 1920 Manila Ave
- 1962 Walker Ave
- 1917 Walker Ave
- 1248 Meda St
- 2049 Felix Ave
- 2195 Carnes Ave
- 1069 Blythe St
- 1852 Glenview Ave
- 1824 Kendale Ave
- 1080 Blythe St
- 2006 Felix Ave
- 1847 Manila Ave
- 2013 Waverly Ave
- 1151 Tanglewood St
- 2038 Southern Ave
- 2038 Southern Ave Unit 5
- 2038 Southern Ave Unit 2
- 1994 Manila Ave
- 1928 Southern Ave Unit 1928 Southern Ave
- 2004 Walker Ave
- 1001 Tanglewood St Unit B
- 2029 Felix Ave
- 1851 Manila Ave
- 1804 Foster Ave
- 2109 Felix Ave
- 999 S Cooper St Unit 202
- 2269 Longstreet Dr
- 2030 Young Ave Unit East
- 2030 Young Ave Unit East
- 1964 Young Ave
- 1855 Oliver Ave
- 1844 Oliver Ave
Ask me questions while you tour the home.