2012 Carnes Ave Memphis, TN 38114
Orange Mound NeighborhoodEstimated payment $1,508/month
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. Don’t miss this great opportunity to own an income-producing multi-family property!
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
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $1,671 | $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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/04/2026 05/04/26 | For Sale | $254,900 | 0.0% | $75 / Sq Ft | |
| 03/09/2026 03/09/26 | Pending | -- | -- | -- | |
| 01/22/2026 01/22/26 | Price Changed | $254,900 | -7.3% | $75 / Sq Ft | |
| 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®
MLS Number: 10208512
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.
Listing content and images Copyright 2026 Memphis Area Association of REALTORS®. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it.
Some or all of the listings displayed may not belong to the firm whose website is being visited.
- 1145 Tanglewood St
- 1150 Tanglewood St
- 1960 E Mclemore Ave
- 2092 E Mclemore Ave
- 1944 E Mclemore Ave
- 1985 Manila Ave
- 1051 S Rembert St
- 1045 S Rembert St
- 1931 Manila Ave
- 1072 S Barksdale St
- 1954 Manila Ave
- 1053 Fleece Place
- 1857 Foster Ave
- 1039 Fleece Place
- 1914 Manila Ave
- 1231 Meda St
- 1248 Meda St
- 1930 Walker Ave
- 2049 Felix Ave
- 2195 Carnes Ave
- 2045 Lamar Ave
- 1956 Lamar Ave
- 1151 Tanglewood St
- 1145 Tanglewood St
- 1928 Southern Ave
- 1074 S Barksdale St Unit 1074
- 1072 S Barksdale St
- 1954 Manila Ave Unit 101
- 1826 Waverly Ave
- 1916 Walker Ave
- 1080 Blythe St
- 1804 Foster Ave
- 999 S Cooper St
- 1914 Felix Ave Unit 1914 # 2
- 2030 Young Ave
- 1825 Young Ave
- 1006 Emmie St
- 1325 Bruce St
- 1708 Glenview Ave
- 1072 Bruce St
Ask me questions while you tour the home.