38 N Holmes St Memphis, TN 38111
Chickasaw Gardens NeighborhoodEstimated payment $1,527/month
Highlights
- Updated Kitchen
- Traditional Architecture
- Separate Formal Living Room
- White Station High Rated A
- Wood Flooring
- Formal Dining Room
About This Home
Discover this lucrative cash-flowing duplex in East Memphis, offering a fantastic investment opportunity. Each side features 2 bedrooms and 1 bathroom, with comfortable and large living spaces. The property has been beautifully updated and meticulously maintained, ensuring strong tenant appeal and ease of management. The roof and HVAC system are approximately 5 years old. New windows throughout! Enjoy the large fenced yard—perfect for outdoor activities or tenant enjoyment. This versatile property has successfully operated as both a regularly booked Airbnb and a long-term rental, demonstrating its flexibility and steady income potential. Don't miss out on this prime East Memphis investment! Financial reports with monthly income flow available upon request.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1953
Lot Details
- 8,712 Sq Ft Lot
- Lot Dimensions are 60x150
- Wood Fence
Parking
- Driveway
Home Design
- Duplex
- Traditional Architecture
- Brick Veneer
Interior Spaces
- 1,843 Sq Ft Home
- 1-Story Property
- Separate Formal Living Room
- Formal Dining Room
- Updated Kitchen
Flooring
- Wood
- Tile
Utilities
- Central Heating and Cooling System
Community Details
- Poplar Blvd Terrace Re Subdivision
Listing and Financial Details
- Assessor Parcel Number 044048 00035
Map
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 | $1,351 | $52,200 | $4,600 | $47,600 |
| 2024 | $1,351 | $39,840 | $2,400 | $37,440 |
| 2023 | $2,427 | $39,840 | $2,400 | $37,440 |
| 2022 | $1,852 | $30,400 | $2,400 | $28,000 |
| 2021 | $1,874 | $30,400 | $2,400 | $28,000 |
| 2020 | $1,867 | $25,760 | $2,400 | $23,360 |
| 2019 | $823 | $25,760 | $2,400 | $23,360 |
| 2018 | $823 | $25,760 | $2,400 | $23,360 |
| 2017 | $843 | $25,760 | $2,400 | $23,360 |
| 2016 | $1,239 | $28,360 | $0 | $0 |
| 2014 | $1,239 | $28,360 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/20/2026 05/20/26 | For Sale | $265,000 | +40.2% | $144 / Sq Ft | |
| 08/26/2022 08/26/22 | Sold | $189,000 | 0.0% | $103 / Sq Ft | View Prior Sale |
| 07/21/2022 07/21/22 | Pending | -- | -- | -- | |
| 07/14/2022 07/14/22 | For Sale | $189,000 | 0.0% | $103 / Sq Ft | |
| 06/24/2022 06/24/22 | Pending | -- | -- | -- | |
| 06/24/2022 06/24/22 | For Sale | $189,000 | +478.1% | $103 / Sq Ft | |
| 03/30/2016 03/30/16 | Sold | $32,694 | -5.2% | $18 / Sq Ft | View Prior Sale |
| 03/14/2016 03/14/16 | Pending | -- | -- | -- | |
| 03/04/2016 03/04/16 | For Sale | $34,500 | -- | $19 / Sq Ft |
Purchase 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $43,000 | None Available | |
| Special Warranty Deed | $32,694 | Premium Title Services Inc | |
| Warranty Deed | $84,000 | -- | |
| Warranty Deed | $73,000 | -- | |
| Warranty Deed | $73,000 | -- |
Mortgage 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 | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $67,200 | Fannie Mae Freddie Mac | |
| Previous Owner | $58,400 | No Value Available | |
| Closed | $14,600 | No Value Available |
Source: Memphis Area Association of REALTORS®
MLS Number: 10222027
APN: 04-4048-0-0035
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.
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