$152,000
SOLD JUL 31, 2025
5 Beds
2 Baths
2,354 Sq Ft
1948 Built

Recently Sold

$65 Per Sq Ft

5% Below List Price

19 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Property has 1 Level
  • Cooling System Mounted To A Wall/Window
  • Heating Available

About This Home

As of July 2025

Instant Cash Flow Opportunity – Turnkey Brick Duplex in Prime Memphis Location!
Investor's dream! This beautiful all-brick duplex offers immediate income with both units currently leased on 12-month terms. Start collecting rent from day one—no vacancy, no hassle.

Each side features spacious layouts with solid rental history, making this a reliable addition to any portfolio. Located just minutes from Midtown and Downtown Memphis, tenants enjoy quick access to vibrant dining, shopping, entertainment, and major highways.

Well-maintained and full of charm, this property is nestled in a growing area with strong rental demand. Whether you're expanding your portfolio or stepping into real estate investing, this duplex delivers stable, positive cash flow from the start.

Don't miss your chance to own a performing asset in one of Memphis’s most accessible and evolving neighborhoods!

Last Agent to Sell the Property

Darin Wyly

Benchmark Realty, LLC Brokerage Phone: 5133386888 License # 355750 Listed on: 06/03/2025

Benchmark Realty, LLC

Last Buyer's Agent

NONMLS NONMLS

License #2211

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,148

Year Built

  • Built in 1948

Lot Details

  • Lot Dimensions are 67x130

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 2,354 Sq Ft Home
  • Property has 1 Level

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Driveway
  • On-Street Parking

Schools

  • Treadwell Elementary School
  • Treadwell Middle School
  • Douglass High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • Total Actual Rent $1,790
  • Assessor Parcel Number 038025 00062

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Jackson Terrace Subdivision

Building Details

  • Gross Income $21,480
  • Net Operating Income $21,480

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,148

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1948
  • Inclusions: Appliances
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: Duplex
  • Year Built Details: Existing
  • Attribution Contact: 5133386888
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Laminate, Tile
  • Total Bedrooms: 5
  • Above Grade Finished Sq Ft: 2354
  • Building Area Units: Square Feet
  • Living Area: 2354
  • Living Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Garage Yn: No
  • Open Parking Spaces: 3
  • Parking Features: Driveway, On Street
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes
  • Laundry Features: Individual, Electric Dryer Hookup, Washer Hookup
  • Utilities: Water Available

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Zoning: RU-1
  • Lot Size: 67X130
  • Lot Size Units: Acres
  • Parcel #: 038025 00062
  • Property Attached Yn: Yes

Rental Info

  • Owner Pays: None
  • HOA Rent Includes: None
  • Tenant Pays: Electricity, Gas, Trash Collection, Water

Multi Family

  • Gross Income: 21480
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 21480
  • Number Of Units Total: 2
  • Total Actual Rent: 1790

Tax Info

  • Tax Annual Amount: 1148

MLS Schools

  • Elementary School: Treadwell Elementary
  • High School: Douglass High
  • Middle Or Junior School: Treadwell Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2024
Closed on
Jul 24, 2024
Sold by
Stanton Latrice Snipes
Bought by
Black Onyx Properties Llc
Seller's Agent
CeCe Glenn
KAIZEN Realty, LLC
Buyer's Agent
NON-MLS NON-BOARD AGENT
NON-MLS OR NON-BOARD OFFICE
List Price
$125,000
Sold Price
$110,000
Premium/Discount to List
-$15,000
-12%
Views
43

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.81%
Original Mortgage
$145,800
Interest Rate
6.87%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 29, 2020
Sold by
Johnson Shawntale
Bought by
Snipes Latrice

Purchase Details

Closed on
Oct 30, 2015
Sold by
County Of Shelby
Bought by
Johnson Shawntale
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Type Sale Price Title Company
Warranty Deed $110,000 Home Surety Title & Escrow
Quit Claim Deed -- None Available
Quit Claim Deed $8,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $145,800 Construction
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/31/2025 07/31/25 Sold $152,000 -5.0% $65 / Sq Ft
06/22/2025 06/22/25 Pending -- -- --
06/14/2025 06/14/25 For Sale $160,000 0.0% $68 / Sq Ft
06/11/2025 06/11/25 Pending -- -- --
06/03/2025 06/03/25 For Sale $160,000 +45.5% $68 / Sq Ft
07/24/2024 07/24/24 Sold $110,000 -12.0% $53 / Sq Ft View Prior Sale
05/07/2024 05/07/24 For Sale $125,000 -- $60 / Sq Ft
Source: Realtracs

Tax History Compared to Growth

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 $591 $47,680 $3,600 $44,080
2024 $591 $17,440 $1,800 $15,640
2023 $1,062 $17,440 $1,800 $15,640
2022 $1,062 $17,440 $1,800 $15,640
2021 $1,263 $17,440 $1,800 $15,640
2020 $1,179 $16,275 $1,125 $15,150
2019 $520 $16,275 $1,125 $15,150
2018 $520 $16,275 $1,125 $15,150
2017 $532 $16,275 $1,125 $15,150
2016 $864 $19,775 $0 $0
2014 $1,383 $31,640 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2900208

Realtracs

APN: 03-8025-0-0062