Sold for $185,000

$185,000

1022 N 2nd St, Memphis, TN 38107

--beds

--baths

--sqft

Multi Family

Built in 1959

-- sqft lot

$132,600 Zestimate^®

$--/sqft

$1,079 Estimated rent

Home value

$132,600

$105,000 - $162,000

$1,079/mo

Zestimate^® history

Owner options

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$1,079/mo

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$1,212/mo

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$1,212/mo

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What's special

Brick triplex

Fully occupied brick triplex in rapidly appreciating area of Uptown! This investment property is located directly across from Grind City Brewery and surrounded by an area teeming with new construction and revitalization! Gross rents currently at $1868 ($675, $603, and $590) with lower rents set to increase to $675 at lease renewals. Units can also be turned over and rented section 8 for $1000+ per unit! Lots of value add and appreciation potential! Accepted offer before inspection. Owner/agent listing

Facts & features

Interior

Heating

Central, Electric

Cooling

Central Air, Electric

Appliances

Included: Electric Water Heater
Laundry: None

Features

Flooring: Concrete

Property

Parking

Parking features: 1 Per Unit

Features

Stories: 1

Lot

Size: 5,625 Square Feet
Dimensions: 45 x 125

Details

Parcel number: 022019 00018

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick Veneer
Foundation: Slab
Roof: Shingle/Shake

Condition

Year built: 1959

Community & HOA

Community

Subdivision: Cedar St S/d

Location

Region: Memphis

Financial & listing details

Tax assessed value: $49,100
Annual tax amount: $558
Date on market: 2/28/2025
Cumulative days on market: 32 days
Listing terms: Cash Only,Conventional
Lease term: Month To Month
Tenant pays: All Utilities

Price history

Date	Event	Price
5/8/2025	Sold	$185,000-7%
Source: MAAR #10190917 Report a problem
2/28/2025	Listed for sale	$199,000+59.2%
Source: MAAR #10190917 Report a problem
2/1/2025	Listing removed	$675
Source: Zillow Rentals Report a problem
1/23/2025	Price change	$675+17.4%
Source: Zillow Rentals Report a problem
1/13/2025	Price change	$575-17.3%
Source: Zillow Rentals Report a problem
12/7/2024	Listed for rent	$695+46.3%
Source: Zillow Rentals Report a problem
5/31/2022	Sold	$125,000+4.2%
Source: MAAR #10122660 Report a problem
5/9/2022	Pending sale	$120,000
Source: MAAR #10122660 Report a problem
5/1/2022	Contingent	$120,000
Source: MAAR #10122660 Report a problem
4/27/2022	Listed for sale	$120,000+84.6%
Source: MAAR #10122660 Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
3/6/2019	Listing removed	$65,000
Source: Owner Report a problem
1/13/2019	Listed for sale	$65,000+62.5%
Source: Owner Report a problem
12/10/2017	Sold	$40,000-11.1%
Source: RealTracs MLS as distributed by MLS GRID #3056239 Report a problem
10/11/2017	Listed for sale	$45,000+157.1%
Source: Fast Track Realty, LLC #10013328 Report a problem
7/27/2017	Listing removed	$475
Source: Advantage Property Management Report a problem
6/6/2017	Price change	$475-5%
Source: Advantage Property Management Report a problem
2/11/2017	Listed for rent	$500
Source: CrestCore - Property # 292885 Report a problem
7/1/2016	Sold	$17,500-12.1%
Source: Public Record Report a problem
4/14/2016	Listed for sale	$19,900-63.1%
Source: Fast Track Realty, LLC #9974983 Report a problem
11/7/2007	Sold	$54,000+54.3%
Source: Public Record Report a problem
11/13/2006	Sold	$35,000+94.4%
Source: Public Record Report a problem
6/9/2006	Sold	$18,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,035 +85.4%	$19,640 +131.6%
2024	$558 +8.1%	$8,480
2023	$517	$8,480
2022	--	$8,480
2021	--	$8,480 -34.8%
2020	$435	$13,000
2019	$435 -17.4%	$13,000
2018	$527 -45.1%	$13,000
2017	$960 +85.2%	$13,000 -9.7%
2016	$518 +425.9%	$14,400
2014	$99	$14,400
2013	--	$14,400 -42.8%
2012	--	$25,160
2011	--	$25,160
2010	--	$25,160
2009	--	$25,160 +13.7%
2008	--	$22,120
2007	--	$22,120
2006	--	$22,120
2005	--	$22,120 +22.9%
2004	--	$18,000
2003	--	$18,000
2002	--	$18,000
2001	--	$18,000 +22%
2000	--	$14,760