279 W Person Ave Memphis, TN 38109
South Memphis NeighborhoodEstimated payment $807/month
Total Views
37,672
4
Beds
--
Bath
1,512
Sq Ft
$99
Price per Sq Ft
About This Home
Triplex + Two Extra Lots! Excellent income-producing property located in the heart of Memphis. This opportunity includes the main triplex plus two adjacent lots, offering additional value and long-term potential for development or expansion. Two units are currently rented for a combined $1,490 per month, and the third unit is being marketed for $695, bringing total potential gross rents to $2,185 per month once fully occupied. This investment offers excellent cash flow and strong upside in an area with steady rental demand.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1913
Lot Details
- 4,356 Sq Ft Lot
- Lot Dimensions are 42x106
Parking
- Off-Site Parking
Home Design
- Triplex
- Shingle Roof
Interior Spaces
- 1,512 Sq Ft Home
- 1-Story Property
- Crawl Space
Community Details
- 3 Units
- Riverside Subdivision
Listing and Financial Details
- Month-to-Month Lease Term
- Assessor Parcel Number 035017 00009
Map
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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 | $286 | $13,400 | $1,250 | $12,150 |
| 2024 | $286 | $8,425 | $875 | $7,550 |
| 2023 | $513 | $8,425 | $875 | $7,550 |
| 2022 | $513 | $8,425 | $875 | $7,550 |
| 2021 | $519 | $8,425 | $875 | $7,550 |
| 2020 | $496 | $6,850 | $875 | $5,975 |
| 2019 | $496 | $6,850 | $875 | $5,975 |
| 2018 | $496 | $6,850 | $875 | $5,975 |
| 2017 | $282 | $6,850 | $875 | $5,975 |
| 2016 | $312 | $7,150 | $0 | $0 |
| 2014 | $312 | $7,150 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/07/2025 11/07/25 | For Sale | $149,000 | -- | $99 / Sq Ft |
Source: Memphis Area Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Executive Title & Closing | |
| Quit Claim Deed | -- | None Available | |
| Deed | $180,000 | Saddle Creek Title Llc | |
| Quit Claim Deed | -- | None Available | |
| Corporate Deed | $45,500 | Assured Escrow & Title | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Executors Deed | -- | None Available | |
| Executors Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $81,000 | New Conventional | |
| Previous Owner | $40,000 | Seller Take Back |
Source: Public Records
About the Listing Agent
I'm a licensed real estate agent in Tennessee and Mississippi, specializing in helping older adults and their families navigate life’s big transitions—downsizing, relocating, or aging in place. As a Seniors Real Estate Specialist® (SRES®) with a background in senior home care and investing, I bring both professional insight and compassion to every move.
Whether you're preparing a longtime family home for sale or exploring safer, simpler living options, I’ll help you find the right path
Walter's Other Listings
Source: Memphis Area Association of REALTORS®
MLS Number: 10209345
APN: 03-5017-0-0009
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