Pending

Price cut: $4K (7/31)

$165,000

1249 Marksman St, Memphis, TN 38106

3beds

1,108sqft

$1,171/mo

Get pre-qualified

Single Family Residence

Built in 2025

3,920 Square Feet Lot

$162,200 Zestimate^®

$149/sqft

$-- HOA

What's special

Open-concept floor plan

Calling All Investors!!! Seller offering $ 3,500 buyer credit for closing cost and pre-pays Don't miss this excellent opportunity to own a newly constructed investment property with an established tenant already in place. The tenant is currently under a 12-month lease at $1,500 per month, providing immediate rental income. This well-appointed home features 3 bedrooms, 2 full bathrooms, and an open-concept floor plan. The kitchen comes complete with appliances, making it move-in ready. Conveniently located just minutes from the Stax Museum of American Soul Music and LeMoyne-Owen College, this property offers strong rental appeal in a growing area. Start generating income from day one with this turnkey investment opportunity!

45 days
56
6

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Rooms

Room types: Other (See Remarks)

Primary bedroom

Features: Walk-In Closet(s)
Level: First
Dimensions: 0 x 0

Bedroom 2

Level: First

Bedroom 3

Level: First

Primary bathroom

Features: Full Bath

Dining room

Dimensions: 0 x 0

Kitchen

Features: Eat-in Kitchen, Breakfast Bar, Pantry

Living room

Dimensions: 0 x 0

Den

Dimensions: 0 x 0

Heating

Central

Cooling

Central Air

Appliances

Included: Range/Oven, Disposal, Dishwasher

Features

All Bedrooms Down, 1 or More BR Down, Primary Down, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths, Square Feet Source: Floor Plans (Builder/Architecture)
Flooring: Concrete
Has fireplace: No

Interior area

Total interior livable area: 1,108 sqft

Property

Parking

Parking features: Driveway/Pad
Has uncovered spaces: Yes

Features

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

Lot

Size: 3,920 Square Feet
Dimensions: 34 x 119
Features: Level

Details

Parcel number: 025050 00013

Construction

Type & style

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

Materials

Vinyl Siding
Roof: Composition Shingles

Condition

New construction: No
Year built: 2025

Utilities & green energy

Water: Public

Community & HOA

Community

Subdivision: Thompson

Location

Region: Memphis

Financial & listing details

Price per square foot: $149/sqft
Tax assessed value: $3,800
Annual tax amount: $46
Price range: $165K - $165K
Date on market: 7/21/2026
Cumulative days on market: 213 days
Listing terms: Conventional,FHA,VA Loan

Estimated market value

$162,200

$154,000 - $170,000

$1,294/mo

Price history

Date	Event	Price
8/13/2026	Pending sale	$165,000$149/sqft
Source: MAAR #10226590 Report a problem
7/31/2026	Price change	$165,000-2.4%$149/sqft
Source: MAAR #10226590 Report a problem
7/21/2026	Listed for sale	$169,000$153/sqft
Source: MAAR #10226590 Report a problem
6/25/2026	Listing removed	$169,000$153/sqft
Source: MAAR #10208541 Report a problem
5/27/2026	Price change	$169,000-0.5%$153/sqft
Source: MAAR #10208541 Report a problem
4/30/2026	Price change	$169,900-4%$153/sqft
Source: MAAR #10208541 Report a problem
3/11/2026	Price change	$176,900-1.7%$160/sqft
Source: MAAR #10208541 Report a problem
10/27/2025	Listed for sale	$179,900$162/sqft
Source: MAAR #10208541 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	--
2024	--	--
2023	--	--
2022	--	--
2021	--	$750
2020	$24	$750
2019	$24 -21.1%	$750
2018	$30 -45.1%	$750
2017	$55 +117.2%	$750
2016	$25 -88.6%	$750 -87.4%
2014	$224	$5,950
2013	--	$5,950 -15.3%
2012	--	$7,025
2011	--	$7,025
2010	--	$7,025
2009	--	$7,025
2008	--	$7,025
2007	--	$7,025
2006	--	$7,025
2005	--	$7,025 +20.6%
2004	--	$5,825
2003	--	$5,825
2002	--	$5,825
2001	--	$5,825 +29.4%
2000	--	$4,500