$350,000
PENDING

Estimated payment $2,075/month

Total Views 17,979
4 Beds
-- Bath
2,909 Sq Ft
$120 Price per Sq Ft

Highlights

  • Wood Flooring
  • Landscaped
  • Ceiling Fan
  • Storm Windows
  • Central Heating and Cooling System

About This Home

Turn-key triplex in the heart of Midtown, just minutes from Overton Park, Overton Square, and Minglewood Hall. This well-maintained property features three updated units: a 2BR/1BA front unit, a 1BR/1BA unit, and a 1BR/1.5BA unit. Each unit comes equipped with all appliances, central heat and air, covered porches, and off-street parking—a rare convenience in this highly desirable area. Many recent updates have been made. The 2022 roof adds to the property’s value, making it a low-maintenance investment. With its prime location and strong rental potential, this triplex is perfect for investors or owner-occupants looking to house-hack while generating passive income. PLEASE NOTE: Duplex next door at 98 N McLean is also for sale ($225,000). Buy one or buy both!

Listing Agent

Tracy Kirkley

Crye-Leike, Inc., REALTORS License #283078 Listed on: 03/15/2025

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,003

Year Built

  • Built in 1925

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 44x125
  • Landscaped

Home Design

  • Converted Dwelling
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,909 Sq Ft Home
  • 1.2-Story Property
  • Ceiling Fan
  • Partial Basement

Kitchen

  • Built-In Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Tile
  • Vinyl

Laundry

  • Dryer
  • Washer

Home Security

  • Storm Windows
  • Fire and Smoke Detector

Parking

  • Parking Available
  • Paved Parking
  • Assigned Parking

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • Philips Towne Final Plan Subdivision

Listing and Financial Details

  • Assessor Parcel Number 017049 00061

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,003

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Converted House
  • MLS Map #: 746C
  • MAAR Subdivision Name: PHILIPS-TOWNE
  • Freestanding: Yes
  • Number Of Stories: 1.2
  • Price Per Sq Ft: 2187500
  • Estimated Sq Ft: 2909
  • Year Built: 1925
  • Construction: Stucco, Storm Window(s)
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Floors/Ceilings: Hardwood Throughout, Tile, Vinyl Floor, Partial Carpet
  • Appliances Equipment: Refrigerator, Range/Oven (Built-In), Disposal, Dishwasher, Microwave, Smoke Detector(s)

Exterior Features

  • Foundation: Partial Basement
  • Roof: Composition
  • Miscellaneous Exterior: Sidewalks, Some Landscaping, Ceiling Fan(s)

Garage/Parking

  • Parking Facility: Concrete, Assigned, 1 Per Unit

Utilities

  • Hot Water: Gas, Public Water, Public Sewer
  • Cooling Systems: Central
  • Heating Systems: Central
  • Laundry: Washer in Unit, Dryer in Unit

Lot Info

  • Lot Number: 2
  • Acreage: 0.16
  • Lot Size: 44X125
  • Price Per Acre: 2187500
  • Geo Subdivision: TN

Rental Info

  • Tenant Pays: All Utilities, Cable TV
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 017049 00061

Multi Family

  • Perc Occ: 33
  • Total Number Of Units: 3
  • Number1 Bedroom Units: 2
  • Number2 Bedroom Units: 1
  • Type of Unit: 1 BR - 1 Bath, 2 BR - 1 Bath, Unfurnished

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 $2,003 $111,600 $20,400 $91,200
2024 $2,003 $59,080 $16,040 $43,040
2023 $3,599 $59,080 $16,040 $43,040
2022 $3,599 $59,080 $16,040 $43,040
2021 $3,641 $59,080 $16,040 $43,040
2020 $4,695 $64,800 $16,040 $48,760
2019 $4,695 $64,800 $16,040 $48,760
2018 $4,695 $64,800 $16,040 $48,760
2017 $2,663 $64,800 $16,040 $48,760
2016 $2,657 $60,800 $0 $0
2014 $2,657 $60,800 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2025 05/26/25 Pending -- -- --
04/09/2025 04/09/25 For Sale $350,000 0.0% $120 / Sq Ft
03/20/2025 03/20/25 Pending -- -- --
03/15/2025 03/15/25 For Sale $350,000 -- $120 / Sq Ft
Source: Memphis Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $103,000 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $77,250 Purchase Money Mortgage
Previous Owner $82,200 Unknown
Source: Public Records

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Source: Memphis Area Association of REALTORS®

MLS Number: 10192075

Memphis Area Association of REALTORS®

APN: 01-7049-0-0061