33 E Fernwood Ave Memphis, TN 38109
South Memphis NeighborhoodEstimated payment $688/month
Total Views
2,127
2
Beds
1
Bath
1,641
Sq Ft
$70
Price per Sq Ft
Highlights
- Traditional Architecture
- Level Lot
- 1-Story Property
- Partially Carpeted
About This Home
Investment opportunity. Professionally managed and tenant occupied DUPLEX. Each unit is 2 bedrooms and 1 bathroom and brick exterior (4 bedrooms 2 full bathrooms total). Addresses are 33 & 35 E. Fernwood. The market rent is probably $900 or more per unit ($1800 or more) and the current rent is $1045. Property is fully rented out and professionally managed (leases, ledgers, repair history in place). 100% occupied property. Rents are $550/mo and $495/mo with leases ending 12/31/25 and 8/31/25. One unit was recently rehabbed within the last 12 months. Property has hardwood floors and very convenient location.
Home Details
Home Type
- Single Family
Year Built
- Built in 1953
Lot Details
- 6,534 Sq Ft Lot
- Lot Dimensions are 50x135
- Level Lot
Parking
- Driveway
Home Design
- Traditional Architecture
Interior Spaces
- 1,641 Sq Ft Home
- 1-Story Property
- Partially Carpeted
Utilities
- Heating System Uses Gas
- Heating System Mounted To A Wall or Window
- Gas Water Heater
Community Details
- New South Memphis Blk 34 Subdivision
Listing and Financial Details
- Assessor Parcel Number 050059 00006
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 | -- | $26,640 | $3,200 | $23,440 |
| 2024 | -- | $11,640 | $1,600 | $10,040 |
| 2023 | $709 | $11,640 | $1,600 | $10,040 |
| 2022 | $709 | $11,640 | $1,600 | $10,040 |
| 2021 | $843 | $11,640 | $1,600 | $10,040 |
| 2020 | $511 | $16,000 | $1,600 | $14,400 |
| 2019 | $320 | $10,000 | $1,000 | $9,000 |
| 2018 | $320 | $10,000 | $1,000 | $9,000 |
| 2017 | $327 | $10,000 | $1,000 | $9,000 |
| 2016 | $464 | $10,625 | $0 | $0 |
| 2014 | $464 | $10,625 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/10/2025 07/10/25 | Price Changed | $115,000 | -8.0% | $70 / Sq Ft |
| 06/03/2025 06/03/25 | For Sale | $125,000 | 0.0% | $76 / Sq Ft |
| 05/14/2025 05/14/25 | Pending | -- | -- | -- |
| 05/07/2025 05/07/25 | For Sale | $125,000 | +81.2% | $76 / Sq Ft |
| 04/18/2022 04/18/22 | Sold | $69,000 | -13.6% | $42 / Sq Ft |
| 03/22/2022 03/22/22 | Pending | -- | -- | -- |
| 03/01/2022 03/01/22 | For Sale | $79,900 | -- | $49 / Sq Ft |
Source: Memphis Area Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $29,100 | -- | |
| Warranty Deed | $69,000 | Memphis Title | |
| Warranty Deed | $41,000 | Multiple | |
| Special Warranty Deed | $11,050 | None Available | |
| Trustee Deed | $112,200 | None Available | |
| Special Warranty Deed | $465,000 | None Available | |
| Trustee Deed | $30,100 | None Available | |
| Special Warranty Deed | $15,000 | Resource Title Of Tennessee | |
| Trustee Deed | $42,400 | None Available | |
| Warranty Deed | $48,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $485,000 | Seller Take Back | |
| Previous Owner | $54,400 | Unknown | |
| Previous Owner | $43,650 | Unknown |
Source: Public Records
Similar Homes in Memphis, TN
Source: Memphis Area Association of REALTORS®
MLS Number: 10196069
APN: 05-0059-0-0006
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