540 Berclair Rd Memphis, TN 38122
East Memphis NeighborhoodEstimated payment $997/month
Highlights
- Traditional Architecture
- Brick Veneer
- Level Lot
- Separate Formal Living Room
- Central Heating and Cooling System
- Vinyl Flooring
About This Home
PRIME INVESTMENT PACKAGE DEAL: Three income-producing properties (1004-1006 Highland Ave, 1096-1098 Gordon Ave, and 540-542Berclair RD) for 525,000. Generating $5700 monthly with long-term tenants already in place, offering immediate cash flow and steady returns. Ideal for investors, SOLDAS A PACKAGE ONLY.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1955
Lot Details
- 9,148 Sq Ft Lot
- Lot Dimensions are 63x151
- Level Lot
Parking
- Driveway
Home Design
- Duplex
- Traditional Architecture
- Brick Veneer
Interior Spaces
- 1,659 Sq Ft Home
- 1-Story Property
- Separate Formal Living Room
- Vinyl Flooring
Utilities
- Central Heating and Cooling System
- Gas Water Heater
Community Details
- Mclemore D W Subdivision
Listing and Financial Details
- Assessor Parcel Number 063007 00048
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 | $827 | $45,360 | $8,760 | $36,600 |
| 2024 | $827 | $24,400 | $3,880 | $20,520 |
| 2023 | $1,486 | $24,400 | $3,880 | $20,520 |
| 2022 | $1,486 | $24,400 | $3,880 | $20,520 |
| 2021 | $1,504 | $24,400 | $3,880 | $20,520 |
| 2020 | $1,206 | $16,640 | $3,120 | $13,520 |
| 2019 | $532 | $16,640 | $3,120 | $13,520 |
| 2018 | $532 | $16,640 | $3,120 | $13,520 |
| 2017 | $666 | $20,360 | $3,120 | $17,240 |
| 2016 | $598 | $13,680 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/30/2026 04/30/26 | For Sale | $175,000 | +16.7% | $105 / Sq Ft | |
| 01/14/2026 01/14/26 | For Sale | $150,000 | -3.2% | $90 / Sq Ft | |
| 06/18/2025 06/18/25 | Sold | $155,000 | +46.4% | $93 / Sq Ft | View Prior Sale |
| 06/18/2025 06/18/25 | Pending | -- | -- | -- | |
| 03/07/2019 03/07/19 | Sold | $105,900 | 0.0% | $64 / Sq Ft | View Prior Sale |
| 03/01/2019 03/01/19 | Pending | -- | -- | -- | |
| 02/20/2019 02/20/19 | For Sale | $105,900 | -- | $64 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $155,000 | Regency Title & Escrow | |
| Warranty Deed | $68,000 | Saddle Creek Title | |
| Warranty Deed | $105,900 | Saddle Creek Title Llc | |
| Interfamily Deed Transfer | -- | None Available |
Source: Memphis Area Association of REALTORS®
MLS Number: 10220471
APN: 06-3007-0-0048
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