Investor opportunity in a strong rental market! This all-brick, low-maintenance, charming 3-bedroom, 1.5-bath home offers 1,080 sq. ft. of living space on a fenced 0.15-acre lot. Features include central heat and air, newer dimensional roof, updated electrical panel with room to expand, new thermostat, Kwikset SmartKey exterior locks, new LED lighting throughout, new switches/outlets/GFIs, and updated exterior lights. Interior highlights include a spacious den, large kitchen with ample cabinets and breakfast area, and renovated baths with tile flooring, new toilets, and updated venting. Bedrooms feature carpet, while common areas have tile flooring. Recent upgrades provide reduced maintenance and long-term value. Currently tenant-occupied with a long-term resident paying $1,150/month (month-to-month lease; market rent ~$1,300/month). Low-maintenance, income-producing property ideal for buy-and-hold investors seeking stable cash flow and future upside. Do not disturb the tenant.
Pending
$117,000
123 Loraine Rd, Memphis, TN 38109
3beds
1,084sqft
:
Get pre-qualified$821/mo
Single Family Residence
Built in 1972
6,534 Square Feet Lot
$110,700 Zestimate®
$108/sqft
$-- HOA
What's special
Newer dimensional roofUpdated electrical panelRenovated bathsSpacious denTile flooringNew led lightingKwikset smartkey exterior locks
- 346 days |
- 9 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Heath F Gooch,
STIXNBRIX 901-969-4578
Source: MAAR,MLS#: 10204432
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Rooms
- Room types: Attic
Primary bedroom
- Features: Carpet
- Level: First
- Area: 120
- Dimensions: 10 x 12
Bedroom 2
- Features: Shared Bath, Carpet
- Level: First
- Area: 110
- Dimensions: 11 x 10
Bedroom 3
- Features: Shared Bath, Carpet
- Level: First
- Area: 100
- Dimensions: 10 x 10
Bedroom 4
- Dimensions: 0 x 0
Bedroom 5
- Dimensions: 0 x 0
Primary bathroom
- Features: Tile Floor, Half Bath
Dining room
- Dimensions: 0 x 0
Kitchen
- Features: Updated/Renovated Kitchen, Eat-in Kitchen, W/D Connection in Kitchen
- Area: 168
- Dimensions: 12 x 14
Living room
- Features: Separate Den
- Dimensions: 0 x 0
Basement
- Dimensions: 0 x 0
Office
- Dimensions: 0 x 0
Bonus room
- Dimensions: 0 x 0
Den
- Area: 198
- Dimensions: 11 x 18
Heating
- Central, Natural Gas
Cooling
- 220 Wiring, Central Air
Appliances
- Included: Electric Water Heater, Range/Oven, Dishwasher
Features
- All Bedrooms Down, 1 or More BR Down, Primary Down, Renovated Bathroom, Full Bath Down, Half Bath Down, Textured Ceiling, Cable Wired, Storage, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
- Flooring: Part Carpet, Tile, Vinyl
- Windows: Aluminum Frames, Storm Window(s), Window Treatments
- Attic: Pull Down Stairs,Attic Access
- Has fireplace: No
Interior area
- Total interior livable area: 1,084 sqft
Property
Parking
- Parking features: Driveway/Pad, Storage
- Has uncovered spaces: Yes
Features
- Stories: 1
- Patio & porch: Patio
- Exterior features: Storage, Sidewalks
- Has private pool: Yes
- Pool features: Above Ground
- Fencing: Chain Link,Chain Fence
Lot
- Size: 6,534 Square Feet
- Dimensions: 60 x 115
- Features: Level
Details
- Parcel number: 076127 00003
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Brick Veneer
- Foundation: Slab
- Roof: Composition Shingles
Condition
- New construction: No
- Year built: 1972
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Community
- Security: Smoke Detector(s), Iron Door(s), Dead Bolt Lock(s)
- Subdivision: Smith-turley Rev
Location
- Region: Memphis
Financial & listing details
- Price per square foot: $108/sqft
- Tax assessed value: $106,600
- Annual tax amount: $1,035
- Price range: $117K - $117K
- Date on market: 8/27/2025
- Cumulative days on market: 296 days
Estimated market value
$110,700
$104,000 - $117,000
$1,225/mo
Price history
| Date | Event | Price |
|---|---|---|
| 11/20/2025 | Pending sale | $117,000$108/sqft |
Source:  MAAR #10204432 Report a problem | ||
| 11/7/2025 | Price change | $117,000-2.4%$108/sqft |
Source: MAAR #10204432 Report a problem | ||
| 10/16/2025 | Price change | $119,900-4%$111/sqft |
Source: MAAR #10204432 Report a problem | ||
| 8/27/2025 | Listed for sale | $124,900+24.9%$115/sqft |
Source: MAAR #10204432 Report a problem | ||
| 5/31/2022 | Sold | $100,000+244.8%$92/sqft |
Source: Public Record Report a problem | ||
| 10/23/2018 | Sold | $29,000-42%$27/sqft |
Source: Public Record Report a problem | ||
| 9/6/2018 | Listed for sale | -- |
Source: Auction.com Report a problem | ||
| 6/16/2016 | Listing removed | -- |
Source: Auction.com Report a problem | ||
| 4/19/2016 | Listed for sale | -- |
Source: Auction.com Report a problem | ||
| 2/12/2008 | Sold | $50,000-3.1%$46/sqft |
Source: Public Record Report a problem | ||
| 4/20/2007 | Sold | $51,610-31%$48/sqft |
Source: Public Record Report a problem | ||
| 2/13/2006 | Sold | $74,800+88.8%$69/sqft |
Source: Public Record Report a problem | ||
| 7/2/2004 | Sold | $39,620$37/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,405 +35.6% | $26,650 +69.5% |
| 2024 | $1,036 +8.1% | $15,725 |
| 2023 | $958 | $15,725 |
| 2022 | -- | $15,725 |
| 2021 | -- | $15,725 +24.1% |
| 2020 | $405 | $12,675 |
| 2019 | $405 -21.1% | $12,675 |
| 2018 | $513 -45.1% | $12,675 |
| 2017 | $936 +124.2% | $12,675 +3.3% |
| 2016 | $417 -25.8% | $12,275 |
| 2014 | $563 | $12,275 |
| 2013 | -- | $12,275 -30.5% |
| 2012 | -- | $17,650 |
| 2011 | -- | $17,650 |
| 2010 | -- | $17,650 |
| 2009 | -- | $17,650 +26.8% |
| 2008 | -- | $13,925 |
| 2007 | -- | $13,925 |
| 2006 | -- | $13,925 |
| 2005 | -- | $13,925 +7.9% |
| 2004 | -- | $12,900 |
| 2003 | -- | $12,900 |
| 2002 | -- | $12,900 |
| 2001 | -- | $12,900 +10.3% |
| 2000 | -- | $11,700 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: White Haven-Coro Lake
Nearby schools
GreatSchools rating
- 4/10Geeter SchoolGrades: PK-8Distance: 0.8 mi
- 5/10Fairley High SchoolGrades: 9-12Distance: 0.6 mi
- $94,5003 bd2 ba1k sqft123 Loraine Dr, Memphis, TN 38109Off Market
- $73,5003 bd1 ba957 sqft115 Loraine Rd, Memphis, TN 38109Off Market
- $75,4003 bd1 ba957 sqft129 Loraine Rd, Memphis, TN 38109Off Market
- $87,7004 bd2 ba1.1k sqft107 Loraine Dr, Memphis, TN 38109Off Market
- $83,0003 bd1 ba1k sqft118 Glenarm Ave, Memphis, TN 38109Off Market
- $81,0003 bd1 ba1k sqft135 Loraine Rd, Memphis, TN 38109Off Market
- $104,4003 bd1 ba1k sqft112 Glenarm Ave, Memphis, TN 38109Off Market
- $70,0004 bd2 ba1k sqft107 Loraine Rd, Memphis, TN 38109Sold
A local agent can set up tours, give advice and negotiate with sellers.
Similar homes
- $--3 bd2 ba1k sqft328 Stoneham Rd, Memphis, TN 38109Auction
ServiceLink Auction - $--3 bd1 ba1.2k sqft749 Ledbetter Ave, Memphis, TN 38109Auction
ServiceLink Auction - $107,0003 bd1 ba995 sqft5163 Pickett Cv, Memphis, TN 38109For Sale
MLS ID #10212615, Brett A Bernard, The Stamps Real Estate Company. MAAR - $120,0004 bd2 ba1.2k sqft599 Blackhawk Rd, Memphis, TN 38109For Sale
MLS ID #10212342, Tyler Tapley, Crye-Leike, Inc., REALTORS. MAAR - $135,0004 bd1 ba1.2k sqft5133 Stacey Rd, Memphis, TN 38109For SaleMLS ID #10219370, Amanda J Rathbone McGill, KAIZEN Realty, LLC. MAAR
- $--3 bd1 ba1.3k sqft3718 Boxtown Rd, Memphis, TN 38109AuctionServiceLink Auction
- $95,0003 bd1 ba1.1k sqft4612 Newton Dr, Memphis, TN 38109For SaleMLS ID #10214726, Tyler Tapley, Crye-Leike, Inc., REALTORS. MAAR
- $119,9003 bd2 ba1.5k sqft3157 Morningview Dr, Memphis, TN 38118For SaleMLS ID #10220617, William H Haynes, Crye-Leike, Inc., REALTORS. MAAR
- $124,9003 bd1 ba1.3k sqft895 Enfield Rd, Memphis, TN 38116For SaleMLS ID #10219890, David W Anthony, KAIZEN Realty, LLC. MAAR
- $149,5003 bd2 ba1.5k sqft377 Parkdale Dr, Memphis, TN 38109For SaleMLS ID #10223539, Andrew Akins, CB Properties of Memphis, LLC. MAAR
- $84,9003 bd2 ba1.2k sqft4413 Bluebell St, Memphis, TN 38109For SaleMLS ID #10216362, James C Wachob, Foundation Property Management. MAAR
- $--3 bd2 ba1.2k sqft2988 Capri Rd, Memphis, TN 38118AuctionServiceLink Auction
- $139,9003 bd2 ba1.3k sqft1479 Old Hickory Rd, Memphis, TN 38116For SaleMLS ID #10226683, Dean Harris, CrestCore Realty MphsBrokerage. MAAR
- $68,0003 bd1 ba974 sqft4658 Percy Rd, Memphis, TN 38109For SaleMLS ID #10225611, Jeffry J Goff, Keller Williams. MAAR
- $82,9003 bd1 ba960 sqft3798 Ford Rd, Memphis, TN 38109For SaleMLS ID #10218002, Verna R Littleton, Fast Track Realty, LLC. MAAR
- $115,0003 bd2 ba1k sqft4403 Kerwin Dr, Memphis, TN 38128For SaleMLS ID #10227514, Kris W Goudy, 360 RealtyPRO. MAAR
- $130,0003 bd2 ba1.2k sqft635 E Mallory Ave, Memphis, TN 38106For SaleMLS ID #10222816, Bridget A Jordan, Epique Realty. MAAR
- $122,0003 bd2 ba1.1k sqft4025 Winding Hill Cv, Memphis, TN 38128For SaleMLS ID #10227508, Kris W Goudy, 360 RealtyPRO. MAAR
- $--3 bd2 ba1.3k sqft1306 Catalina Rd, Memphis, TN 38111AuctionAuction.com 2
- $148,0003 bd1 ba960 sqft1502 Mary Jane Ave, Memphis, TN 38116For SaleMLS ID #10226716, Juliette M Moore, Crye-Leike, Inc., REALTORS. MAAR
