3816 Allandale Ln Memphis, TN 38111
East Memphis NeighborhoodEstimated payment $661/month
Highlights
- Popular Property
- Wood Flooring
- Porch
- Traditional Architecture
- Great Room
- Landscaped
About This Home
This well-maintained 2-bedroom, 1-bath property is a fantastic investment opportunity, featuring a reliable, long-term tenant who has called it home for over 10 years. The tenant is in good standing and currently pays $875 per month, offering immediate, consistent income from day one. Even better, the rent is below market value, presenting clear potential for future increases and improved returns. Ideally located with convenient access to shopping, dining, and I-240, this property combines stability with upside potential. Whether you’re looking to expand your investment portfolio or take your first step into real estate investing, this is a smart, income-producing opportunity you won’t want to miss. Please do not disturb the tenant. This is a tenant-occupied property, and all tenant rights apply.
Home Details
Home Type
- Single Family
Year Built
- Built in 1950
Lot Details
- 7,841 Sq Ft Lot
- Lot Dimensions are 66x120
- Chain Link Fence
- Landscaped
- Few Trees
Home Design
- Traditional Architecture
Interior Spaces
- 1,241 Sq Ft Home
- 1-Story Property
- Great Room
- Dining Room
Flooring
- Wood
- Partially Carpeted
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
Parking
- 1 Parking Space
- Driveway
Additional Features
- Porch
- Central Heating and Cooling System
Community Details
- Sherwood Forest Second Addition Subdivision
Listing and Financial Details
- Assessor Parcel Number 058062 00014
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 | $870 | $28,725 | $6,250 | $22,475 |
| 2024 | $870 | $25,675 | $4,425 | $21,250 |
| 2023 | $1,564 | $25,675 | $4,425 | $21,250 |
| 2022 | $1,564 | $25,675 | $4,425 | $21,250 |
| 2021 | $1,582 | $25,675 | $4,425 | $21,250 |
| 2020 | $989 | $13,650 | $2,600 | $11,050 |
| 2019 | $989 | $13,650 | $2,600 | $11,050 |
| 2018 | $989 | $13,650 | $2,600 | $11,050 |
| 2017 | $561 | $13,650 | $2,600 | $11,050 |
| 2016 | $593 | $13,575 | $0 | $0 |
| 2014 | $593 | $13,575 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/07/2026 05/07/26 | For Sale | $110,000 | 0.0% | $89 / Sq Ft | |
| 01/14/2026 01/14/26 | For Sale | $110,000 | +10.0% | $89 / Sq Ft | |
| 03/31/2025 03/31/25 | Sold | $100,000 | -- | $81 / Sq Ft | View Prior Sale |
| 03/31/2025 03/31/25 | Pending | -- | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $100,000 | Realty Title & Escrow | |
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $61,000 | None Available | |
| Warranty Deed | $61,000 | Lawyers Title Insurance Corp | |
| Warranty Deed | $61,000 | Lawyers Title Insurance Corp |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $48,800 | Balloon |
Source: Memphis Area Association of REALTORS®
MLS Number: 10220996
APN: 05-8062-0-0014
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