$499,900

Estimated payment $2,908/month

Total Views 272
4 Beds
3 Baths
2,901 Sq Ft
$172 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Step Saver Kitchen Design
  • Central Heating and Cooling System
  • Some Wood Windows

About This Home

This fully occupied duplex-style property features two separate rental units with strong rental history and reliable cash flow ($3,900/mo!). The main unit is a spacious 2-story, 4 bed / 3 bath home currently leased at $2,600/month. The detached carriage house offers a 1 bed / 1 bath layout with separate living and dining areas, plus a dedicated laundry room, currently leased at $1,300/month. Recent updates include a new HVAC system under maintenance contract, a 3-year-old water heater, private gated parking, and a 10-year-old roof. Located just minutes from Overton Park, this turnkey property has enjoyed 100% occupancy for years—ideal for investors seeking steady rental income in a desirable location.

Listing Agent

Adam Thornton

Marathon REALTORS, LLC License #379387 Listed on: 08/11/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,206

Year Built

  • Built in 1914

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 50x158
  • Few Trees

Home Design

  • Traditional Architecture

Interior Spaces

  • 2,901 Sq Ft Home
  • 2-Story Property
  • Some Wood Windows
  • Laminate Flooring
  • Step Saver Kitchen Design

Parking

  • 1 Parking Space
  • Driveway

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • Riddick Subdivision

Listing and Financial Details

  • Assessor Parcel Number 017044 00021

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,206

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Class: Duplexes
  • Style: Traditional
  • MLS Map #: 746B
  • MAAR Subdivision Name: RIDDICK
  • Freestanding: Yes
  • Number Of Stories: 2
  • Estimated Sq Ft: 2901
  • Year Built: 1914
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Floors/Ceilings: Wood Laminate Floors

Exterior Features

  • Exterior Windows: Wood/Composition

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: N1
  • Parking: Driveway/Pad

Utilities

  • Cooling: Central Cooling
  • Heating: Central
  • Hot Water: Gas

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 19
  • Acreage: 0.18
  • Lot Size: 50X158
  • Price Per Acre: 2777222
  • Geo Subdivision: TN

Rental Info

  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 017044 00021

Multi Family

  • Perc Occ: 100

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

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 $2,206 $101,000 $17,520 $83,480
2024 $2,206 $65,080 $10,600 $54,480
2023 $3,964 $65,080 $10,600 $54,480
2022 $3,964 $65,080 $10,600 $54,480
2021 $4,011 $65,080 $10,600 $54,480
2020 $4,220 $58,240 $10,600 $47,640
2019 $4,220 $58,240 $10,600 $47,640
2018 $4,220 $58,240 $10,600 $47,640
2017 $2,394 $58,240 $10,600 $47,640
2016 $2,395 $54,800 $0 $0
2014 $2,851 $65,240 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2025 08/11/25 For Sale $499,900 +293.6% $172 / Sq Ft
12/02/2015 12/02/15 Sold $127,000 -20.1% $45 / Sq Ft
10/15/2015 10/15/15 Pending -- -- --
08/03/2015 08/03/15 For Sale $159,000 -- $57 / Sq Ft
Source: Memphis Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Medlock Title And Escrow
Warranty Deed $127,000 Tri State Title & Escrow Inc
Warranty Deed $144,500 Realty Title
Warranty Deed $86,500 --
Trustee Deed $75,408 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $153,600 Purchase Money Mortgage
Previous Owner $130,050 No Value Available
Previous Owner $86,000 Seller Take Back
Source: Public Records

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Source: Memphis Area Association of REALTORS®

MLS Number: 10203308

Memphis Area Association of REALTORS®

APN: 01-7044-0-0021