$63,000

898 S Parkway E Memphis, TN 38106

South Memphis Neighborhood

Estimated payment $377/month

Total Views 139
3 Beds
1 Bath
1,400-1,599 Sq Ft
$39 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Porch
  • 1-Story Property
  • Separate Formal Living Room
  • Central Heating and Cooling System

About This Home

Investors! Welcome to a lovely 3 Bed/1 Bath rental that is cash flowing at $775 per month! Located close to entertainment and commerce, this neighborhood is prime for growth. The current lease runs through 08/31/2025, so don't miss this opportunity to expand your portfolio! This unit is part of a package of 18 properties.

Listing Agent

Trey McElroy

Sowell, Realtors License #375509 Listed on: 06/18/2025

Co-Listing Agent

Joshua Cooper

Sowell, Realtors License #331551

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $306

Year Built

  • Built in 1920

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50x127
  • Few Trees

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,536 Sq Ft Home
  • 1-Story Property
  • Separate Formal Living Room
  • Laminate Flooring

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Driveway

Additional Features

  • Porch
  • Central Heating and Cooling System

Community Details

  • Elizabeth Moore Subdivision

Listing and Financial Details

  • Assessor Parcel Number 014036 00016

Home Details

Home Type

Single Family

Est. Annual Taxes

$306

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 747B
  • MAAR Subdivision Name: ELIZABETH MOORE
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1536
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors
  • Full Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: C1A
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Some Trees
  • Lot Number: S PT 9
  • Acreage: 0.14
  • Lot Size: 50X127
  • Price Per Acre: 450000
  • Geo Subdivision: TN

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 014036 00016

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 $306 $12,625 $1,250 $11,375
2024 $306 $9,025 $750 $8,275
2023 $550 $9,025 $750 $8,275
2022 $550 $9,025 $750 $8,275
2021 $245 $9,025 $750 $8,275
2020 $591 $8,150 $750 $7,400
2019 $260 $8,150 $750 $7,400
2018 $260 $8,150 $750 $7,400
2017 $267 $8,150 $750 $7,400
2016 $374 $8,550 $0 $0
2014 $374 $8,550 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2025 06/18/25 For Sale $63,000 +24.8% $45 / Sq Ft
07/29/2022 07/29/22 Sold $50,500 -15.8% $36 / Sq Ft
07/18/2022 07/18/22 Pending -- -- --
07/16/2022 07/16/22 Price Changed $60,000 -7.7% $43 / Sq Ft
07/08/2022 07/08/22 Price Changed $65,000 -7.1% $46 / Sq Ft
06/30/2022 06/30/22 For Sale $70,000 -- $50 / Sq Ft
Source: Memphis Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $50,500 Erickson Title & Closing
Warranty Deed $140,000 Coventry Escrow & Title Co
Deed $17,346 Coventry Escrow & Title Co
Special Warranty Deed $50,900 None Available
Special Warranty Deed $33,450 None Available
Warranty Deed $12,000 None Available
Special Warranty Deed $16,900 Resource Title Agency Of Tn
Trustee Deed $40,739 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $16,725 Purchase Money Mortgage
Previous Owner $52,200 Unknown
Source: Public Records

Similar Homes in Memphis, TN

  • 667 Bethel Ave, Memphis, TN 38107

    $80,000

    • 4 Beds
    • 2 Baths
    • 2,200+ Sq Ft
    • 667 Bethel Ave
    • Memphis, TN

    AS IS Sale--- ( Zoned MDR) This is an outstanding chance to invest in real estate. This Charming property was built in 1902, 2,295 sq ft and located in an historic area just minutes from Downtown. Property is Rented at $1400 per month, currently on a 2 year lease/with 1 year left. Property is priced to Sell and in need of cosmetic repairs. *** DO NOT DISTURB tenants or Ask them questions.

    Tara Woodley Zach Taylor Real Estate

    Section Image
  • 2320 Devoy Ave, Memphis, TN 38108

    $60,000

    • 2 Beds
    • 1 Bath
    • 800+ Sq Ft
    • 2320 Devoy Ave
    • Memphis, TN

    Build your investment portfolio. Great TENANT OCCUPIED home marketed in a package with 3 other homes 1052 Seymour, 1058 Seymour, 2252 Devoy within walking distance. 1.5 miles from Rhodes College and 1.9 miles from Evergreen Historic District. DO NOT DISTURB TENANT. As Is Sell.

    Tammy Taylor KAIZEN Realty, LLC

    Section Image
  • 1072 Walk Rd, Memphis, TN 38109

    $75,000

    • 2 Beds
    • 1 Bath
    • 1,000+ Sq Ft
    • 1072 Walk Rd
    • Memphis, TN

    CASH OR CONVENTIONAL FINANCING ONLY. AS-IS. NO WHOLESALERS. WILL RENT IS $1,000/MONTH. SOLID INVESTMENT PROPERTY. REPAIR RECORDS AND PRIOR LEASES AVAILABLE UPON REQUEST. SCHEDULE YOUR SHOWING TODAY!

    Jordan Ray eXp Realty, LLC

    Section Image
  • 1432 Leland St, Memphis, TN 38106

    $80,000

    • 3 Beds
    • 2 Baths
    • 1,200+ Sq Ft
    • 1432 Leland St
    • Memphis, TN

    This 3-bedroom, 2-bathroom home offers a fantastic opportunity for investors or future homeowners alike. Featuring a comfortable and functional layout, the home includes a spacious living area, a fully equipped kitchen, and generously sized bedrooms—ideal for families or tenants. Currently tenant-occupied and generating $1,050 per month in rental income, this property offers immediate cash flow

    Caleb Hall Keller Williams

    Section Image
  • 1264 Mississippi Blvd, Memphis, TN 38106

    $49,670

    • 3 Beds
    • 1 Bath
    • 1,400+ Sq Ft
    • 1264 Mississippi Blvd
    • Memphis, TN

    THIS IS A RESIDENTIAL HOME, THAT'S IN A COMMERCIAL AREA, 3 BD.RM, 1 BA., SEP. LIV. RM, KIT, AND LAUNDRY RM. WITH PREMINANT STAIRS LEADING UP TO EXPANDABLE AREA IN ATTIC IT ALSO HAS A BASEMENT FOR YOUR USE. IT GIVES YOU ALL TYPES OF POSSIBILITIES AND POTENTIALS. LOCATED AROUND BEAUTY SHOPS, YMCA, FUNERAL HOME, APPROX. 1 BLOCK FROM 4 WAY GRILL & STAX RECORDING STIDIO JUST USE YOUR AMAGINATION,

    Helen Jackson Good Shepherds Realty & Invest

    Section Image
  • 1659 Gaither St, Memphis, TN 38106

    $65,000

    • 3 Beds
    • 1.5 Baths
    • 1,400+ Sq Ft
    • 1659 Gaither St
    • Memphis, TN

    Big house in popular investment area! It's nearly rent-ready now, so you can absolutely come in and do a few more finishing touches to satisfy Section 8 requirements for insane cashflow! Market rent in this neighborhood for this type of house is $1100 or so, and Sec. 8 can reach up to about $1400 - for the price, you can finally get a deal that makes sense in this market! Buyer to verify all

    Randall Weatherall Memphis Metro Realty

    Section Image
  • 1655 S Orleans St, Memphis, TN 38106

    $60,000

    • 1 Bed
    • 1 Bath
    • 1655 S Orleans St
    • Memphis, TN

    This is a one bedroom and one bath on each side of the duplex. This property is waiting for your tenant. You can purchase as an owner occupant and live in one side. The property is move in ready with new windows, new flooring, and roof installed last year per seller. Both units come with a stove and refrigerator in AS IS condition. This is an AS IS SALE. ALL Cash Sale or with acceptable

    Beulah Daniel KAIZEN Realty, LLC

    Section Image
  • 1406 Wilson St, Memphis, TN 38106

    $55,000

    • 2 Beds
    • 1 Bath
    • 800+ Sq Ft
    • 1406 Wilson St
    • Memphis, TN

    Cute Bungalow, close to downtown. Two bedrooms/one bath, small space could be office. Most windows recently replaced, new hot water tank. Needs some TLC. Selling "as is, no repairs." No FHA, Cash preferred.

    Gwendolyn Ware BEST Real Estate Company

    Section Image
  • 1380 Quinn Ave, Memphis, TN 38106

    $50,000

    • 4 Beds
    • 2 Baths
    • 1,200+ Sq Ft
    • 1380 Quinn Ave
    • Memphis, TN

    Investor special most of the work has been done its just waiting on you to finish it.New windows doors , plumbing repaired. electricity repaired new doors

    Lee Williams Crye-Leike, Inc., REALTORS

    Section Image
See All Homes in Memphis

Source: Memphis Area Association of REALTORS®

MLS Number: 10199343

Memphis Area Association of REALTORS®

APN: 01-4036-0-0016

Tennessee Shelby County Memphis 38106 South Memphis

898 S Parkway E, Memphis, TN

This home is located at 898 S Parkway E, Memphis, TN 38106 and is currently priced at $63,000, approximately $39 per square foot. This property was built in 1920. 898 S Parkway E is a home located in Shelby County with nearby schools including A. B. Hill Elementary School, Riverview Middle School, and Hamilton High 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
Listing Agent
Trey McElroy
Section Image
Sowell, Realtors
(901) 554-4879