$239,900

3468 Bowen Ave Memphis, TN 38122

Berclair Neighborhood

Estimated payment $1,547/month

Total Views 1,549
2 Beds
-- Bath
1,296 Sq Ft
$185 Price per Sq Ft

Highlights

  • Wood Flooring
  • Central Heating and Cooling System
  • Laundry Facilities
  • Efficiency Studio
  • Hot Water Heating System

About This Home

Three of four occupied - current rents are $475+$100/month for rent and utilities. Unit 3 is $685+$123.25/month, and unit 1 is getting $650+$150 in utilities. 4 units total: 2 in front duplex and 2 in rear ADUs. 3 x 1/1s and 1 x Eff. Property has so much potential! The units can be brought up to area standard (getting better every year with flip/turnkey capital injection) and rented for more. You can separately meter utilities over the long haul, add minisplits to the ADUs, all to get those rents up and property really stabilized. It's doing okay now, but you can make it a great long-term hold with some creativity in your value-add.

Listing Agent

Randall Weatherall

Memphis Metro Realty License #348070 Listed on: 07/01/2025

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1925

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 50x200

Parking

  • Gravel Driveway

Home Design

  • Slab Foundation
  • Composition Roof
  • Aluminum Siding
  • Vinyl Siding
  • Wood Composite

Interior Spaces

  • 1,296 Sq Ft Home
  • 1.1-Story Property
  • Efficiency Studio
  • Crawl Space

Flooring

  • Wood
  • Tile
  • Vinyl

Utilities

  • Central Heating and Cooling System
  • Two Cooling Systems Mounted To A Wall/Window
  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 038040 00022

Community Details

Overview

  • 4 Units
  • Highland Heights Blk 14 Subdivision

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: Multi-Family
  • MLS Map #: 751B
  • MAAR Subdivision Name: HIGHLAND HEIGHTS BLK 14
  • Freestanding: Yes
  • Number Of Stories: 1.1
  • Price Per Sq Ft: 1090454.55
  • Estimated Sq Ft: 1296
  • Year Built: 1925
  • Construction: Aluminum/Steel Siding, Vinyl Siding, Wood/Composition
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Floors/Ceilings: Tile, Hardwood Throughout, Vinyl Floor

Exterior Features

  • Foundation: Conventional/Crawl Space, Slab
  • Roof: Composition
  • Miscellaneous Exterior: Sidewalks

Garage/Parking

  • Parking Facility: Gravel

Utilities

  • Hot Water: Individual System, Public Sewer, Public Water
  • Cooling Systems: 1 Window Unit per Unit, 2+ Window Units per Unit, Central
  • Heating Systems: Central, Wall Heat
  • Laundry: Common Laundry

Lot Info

  • Lot Number: W PT 13
  • Acreage: 0.22
  • Lot Size: 50X200
  • Price Per Acre: 1090455
  • Geo Subdivision: TN

Rental Info

  • Actual Annual Rent: 21720
  • Tenant Pays: Some Utilities, Trash Collection
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 038040 00022

Multi Family

  • Perc Occ: 75
  • Total Number Of Units: 4
  • Number1 Bedroom Units: 2
  • Number Efficiency Studio Units: 2
  • Type of Unit: 1 BR - 1 Bath, Efficiency/Studio

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2025 07/01/25 For Sale $239,900 -10.5% $185 / Sq Ft
03/29/2023 03/29/23 Sold $268,000 -4.3% $207 / Sq Ft
03/21/2023 03/21/23 Pending -- -- --
01/25/2023 01/25/23 For Sale $279,900 +40.0% $216 / Sq Ft
10/06/2021 10/06/21 Sold $200,000 -5.7% $154 / Sq Ft
09/22/2021 09/22/21 For Sale $212,000 +202.9% $164 / Sq Ft
04/09/2021 04/09/21 Sold $70,000 +0.7% $58 / Sq Ft
04/05/2021 04/05/21 Pending -- -- --
03/22/2021 03/22/21 For Sale $69,500 +37.6% $58 / Sq Ft
05/20/2019 05/20/19 Sold $50,500 -21.7% $25 / Sq Ft
03/18/2019 03/18/19 Price Changed $64,500 -3.0% $32 / Sq Ft
03/03/2019 03/03/19 Price Changed $66,500 -7.0% $33 / Sq Ft
11/20/2018 11/20/18 Price Changed $71,500 -1.4% $36 / Sq Ft
10/25/2018 10/25/18 Price Changed $72,500 -54.7% $36 / Sq Ft
10/15/2018 10/15/18 For Sale $160,000 -- $80 / Sq Ft
Source: Memphis Area Association of REALTORS®

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Source: Memphis Area Association of REALTORS®

MLS Number: 10200309

Memphis Area Association of REALTORS®

APN: 038-040- - -00022

Tennessee Shelby County Memphis 38122 Berclair

3468 Bowen Ave, Memphis, TN

This home is located at 3468 Bowen Ave, Memphis, TN 38122 and is currently priced at $239,900, approximately $185 per square foot. This property was built in 1925. 3468 Bowen Ave is a home located in Shelby County with nearby schools including Treadwell Elementary School, Treadwell Middle School, and Kingsbury High School.

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Nearby Homes
Randall Weatherall
Listing Agent
Randall Weatherall
Section Image
Memphis Metro Realty
(901) 245-5842