$197,000

488 Laclede Ave Memphis, TN 38126

South Memphis Neighborhood

Estimated payment $1,100/month

Total Views 2,704
10 Beds
8 Baths
3,200-3,399 Sq Ft
$58 Price per Sq Ft

Highlights

  • Two Primary Bedrooms
  • Separate Formal Living Room
  • Level Lot
  • Traditional Architecture
  • Central Heating and Cooling System

About This Home

AS-IS opportunity for investors. This is a great cash-flowing property! The large home has been converted into a rooming house. Fully rented, this property can generate approximately $5,000 per month in cash flow.

Listing Agent

Virgil Pryor

Harris Realty Services License #357601 Listed on: 07/31/2025

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1912

Lot Details

  • 1,307 Sq Ft Lot
  • Lot Dimensions are 75x190
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 3,200-3,399 Sq Ft Home
  • 3,301 Sq Ft Home
  • 2-Story Property
  • Separate Formal Living Room
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 10 Bedrooms | 5 Main Level Bedrooms
  • Double Master Bedroom

Utilities

  • Central Heating and Cooling System

Community Details

  • Washington Hts Blk 1 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 025028 00038

Home Details

Home Type

Single Family

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 745E
  • MAAR Subdivision Name: WASHINGTON HEIGHTS BLK 1
  • Number Of Stories: 2
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 3301
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Additional Bedroom Bathroom Info: Two Primaries
  • Estimated Heated Sq Ft Range: 3200-3399
  • Bedrooms: 10
  • Bedrooms Down: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 4
  • Living Dining Kitchen: Separate Living Room, Washer/Dryer Connections
  • Total Bathrooms: 4.4

Exterior Features

  • Exterior Windows: Vinyl Siding

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 11&PT 10
  • Acreage: 0.03
  • Lot Size: 75X190
  • Price Per Acre: 6566667
  • Geo Subdivision: TN

Multi Family

  • Number Of Rooms: 11

Tax Info

  • Assessor Parcel Number: 025028 00038

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 -- $43,400 $1,925 $41,475
2024 $344 $10,150 $875 $9,275
2023 $618 $10,150 $875 $9,275
2022 $618 $10,150 $875 $9,275
2021 $311 $5,050 $875 $4,175
2020 $65 $900 $875 $25
2019 $29 $900 $875 $25
2018 $29 $900 $875 $25
2017 $29 $900 $875 $25
2016 $303 $6,925 $0 $0
2014 $303 $6,925 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2025 07/31/25 For Sale $197,000 +4.2% $62 / Sq Ft
10/15/2024 10/15/24 Pending -- -- --
09/20/2024 09/20/24 For Sale $189,000 +1011.8% $59 / Sq Ft
09/11/2019 09/11/19 Sold $17,000 -5.6% $5 / Sq Ft
08/28/2019 08/28/19 Pending -- -- --
08/22/2019 08/22/19 For Sale $18,000 -- $6 / Sq Ft
Source: Memphis Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $172,000 Archway Title
Warranty Deed $17,000 Sure Title Company
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $137,000 Seller Take Back
Previous Owner $30,000 Future Advance Clause Open End Mortgage
Source: Public Records

Similar Homes in Memphis, TN

  • 488 Laclede Ave, Memphis, TN 38126

    $189,000

    • 10 Beds
    • 8 Baths
    • 3,200+ Sq Ft
    • 488 Laclede Ave
    • Memphis, TN

    Come Check out this Great Investment! Cashflowing Rooming house!

    Christopher Batts C21 Patterson & Assoc. Real Es

    Section Image
  • 3397 Southern Ave, Memphis, TN 38111

    $160,000

    • 8 Beds
    • 2.5 Baths
    • 3,000+ Sq Ft
    • 3397 Southern Ave
    • Memphis, TN

    Calling all investors and visionaries! This large 8-bedroom, 2.5-bath home— 3,799 square feet—is a blank canvas with tons of potential. Located just minutes from the University of Memphis and surrounded by shopping, dining, and recreational amenities, the possibilities are endless: think group living, student housing, or a stunning single-family restoration. Home will need a full renovation and

    Kenya Johnson 901, REALTORS

    Section Image
See All Homes in Memphis

Source: Memphis Area Association of REALTORS®

MLS Number: 10202542

Memphis Area Association of REALTORS®

APN: 02-5028-0-0038

Tennessee Shelby County Memphis 38126 South Memphis

488 Laclede Ave, Memphis, TN

This home is located at 488 Laclede Ave, Memphis, TN 38126 and is currently priced at $197,000, approximately $57 per square foot. This property was built in 1912. 488 Laclede Ave is a home located in Shelby County with nearby schools including Larose Elementary School, Booker T. Washington Middle & High School, and Soulsville Charter School.

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.

Memphis Area Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Some or all of the listings displayed may not belong to the firm whose website is being visited. Copyright© 2025 Memphis Area Association of REALTORS®.

Nearby Homes
Virgil Pryor
Listing Agent
Virgil Pryor
Section Image
Harris Realty Services
(901) 668-5712