For sale

$135,000

1188 Tanglewood St, Memphis, TN 38114

2beds

1,200sqft

$958/mo

Get pre-qualified

Single Family Residence

Built in 1924

7,405 Square Feet Lot

$128,300 Zestimate^®

$113/sqft

$-- HOA

What's special

Desirable corner lotPrivate fenced backyardUpdated kitchenSeparate dining roomCorner lot

ATTENTION INVESTORS! Tenant-occupied investment opportunity on a desirable corner lot just 0.5 miles from the Cooper-Young Historic District. The property is currently rented for $935/month to a stable, long-term tenant who has occupied the home since 2015. The lease is in place through April 30, 2027, with current rent and a consistent payment history. The home features a spacious den with a fireplace, separate dining room, updated kitchen, and a private, fenced backyard. Conveniently located near the shops, dining, and entertainment of Cooper-Young, this property offers an attractive combination of established rental income and long-term value-add potential. Don't miss the opportunity to add this gem to your portfolio! Professionally managed, please do not disturb tenant. Lease and tenant ledger available upon request. Professionally managed. Please do not disturb the tenant. No wholesale, owner financing, or creative financing offers.

43 days
85
9

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Primary bedroom

Area: 100
Dimensions: 10 x 10

Dining room

Area: 100
Dimensions: 10 x 10

Kitchen

Features: Eat-in Kitchen

Living room

Area: 100
Dimensions: 10 x 10

Den

Area: 100
Dimensions: 10 x 10

Heating

Central

Cooling

Central Air

Features

All Bedrooms Down, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
Flooring: Part Carpet
Has fireplace: No

Interior area

Total interior livable area: 1,200 sqft

Property

Parking

Parking features: Driveway/Pad
Has uncovered spaces: Yes

Features

Stories: 1
Patio & porch: Patio
Pool features: None

Lot

Size: 7,405 Square Feet
Dimensions: 50 x 150
Features: Level

Details

Parcel number: 031110 00007

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence

Condition

New construction: No
Year built: 1924

Community & HOA

Community

Subdivision: Tanglewood Terrace

Location

Region: Memphis

Financial & listing details

Price per square foot: $113/sqft
Tax assessed value: $95,100
Annual tax amount: $1,254
Price range: $135K - $135K
Date on market: 7/23/2026

Estimated market value

$128,300

$122,000 - $135,000

$1,105/mo

Price history

Date	Event	Price
7/23/2026	Listed for sale	$135,000+86.2%$113/sqft
Source: MAAR #10226802 Report a problem
9/21/2020	Sold	$72,500+4%$60/sqft
Source: Public Record Report a problem
4/8/2014	Listing removed	$725$1/sqft
Source: MidSouth BestRentals, Inc Report a problem
2/23/2014	Price change	$725-6.5%$1/sqft
Source: MidSouth BestRentals, Inc Report a problem
2/13/2014	Sold	$69,700+444.5%$58/sqft
Source: Public Record Report a problem
1/20/2014	Listed for rent	$775$1/sqft
Source: Zillow Rental Network Report a problem
12/13/2013	Sold	$12,800-14.1%$11/sqft
Source: MAAR #3283253 Report a problem
10/12/2013	Listed for sale	$14,900$12/sqft
Source: Crye-Leike #3283253 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,253 +7.1%	$23,775 +33.8%
2024	$1,171 +8.1%	$17,775
2023	$1,083	$17,775
2022	--	$17,775
2021	--	$17,775 +119.4%
2020	$259	$8,100
2019	$259 -21.1%	$8,100
2018	$328 -45.1%	$8,100
2017	$598 +140.9%	$8,100 +11%
2016	$248 -11.3%	$7,300
2014	$280	$7,300
2013	--	$7,300 -16.8%
2012	--	$8,775
2011	--	$8,775
2010	--	$8,775
2009	--	$8,775 -8.4%
2008	--	$9,575
2007	--	$9,575
2006	--	$9,575
2005	--	$9,575 -9%
2004	--	$10,525
2003	--	$10,525
2002	--	$10,525
2001	--	$10,525 -11%
2000	--	$11,825