Investor-only opportunity! This solid 3-5 bedroom, 1.5-bath property is a true turnkey investment with tenants in place through 10/31/2025 at $1,395/month. The home was reconfigured to maximize space, featuring flexible rooms that can serve as additional bedrooms, an office, or a playroom. Updates include an expanded kitchen with added cabinets, a dedicated laundry room, and refreshed bathrooms with new plumbing fixtures. The original hardwood floors maintain character, while fresh interior and exterior paint enhance appeal. The roof is less than 5 years old. The spacious, fenced backyard includes a large shop with electricity—check with the City of Memphis for ADU potential. Located in a quiet neighborhood, this property offers immediate cash flow with solid tenants already in place. Owner/Agent. Do not approach tenants!
Sold for $140,000
$140,000
1304 Carolyn Dr, Memphis, TN 38111
4beds
1,600sqft
Single Family Residence
Built in 1955
6,969 Square Feet Lot
$138,200 Zestimate®
$88/sqft
$1,428 Estimated rent
Home value
$138,200
$129,000 - $149,000
$1,428/mo
Zestimate® history
Owner options
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$925/mo
Est. payment
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Est. payment
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List your homeWhat's special
Spacious fenced backyardNew plumbing fixturesLarge shop with electricityOriginal hardwood floorsLaundry roomNew vanityAdded cabinets
Zillow last checked:
Listing updated:
Listed by:
Kirsten Locke,
BHHS McLemore & Co., Realty
Bought with:
Juan Casem
Crye-Leike Inc., REALTORS
Source: MAAR,MLS#: 10188540
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Rooms
- Room types: Attic
Primary bedroom
- Features: Fireplace, Hardwood Floor
- Level: First
- Dimensions: 0 x 0
Bedroom 2
- Features: Hardwood Floor
- Level: First
Bedroom 3
- Features: Private Half Bath, Hardwood Floor
- Level: First
Dining room
- Features: Separate Dining Room
- Dimensions: 0 x 0
Kitchen
- Features: Updated/Renovated Kitchen, Pantry, Washer/Dryer Connections
Living room
- Features: Separate Living Room, Separate Den, LR/DR Combination
- Dimensions: 0 x 0
Office
- Features: Hardwood Floor
- Level: First
Den
- Dimensions: 0 x 0
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Gas Water Heater
- Laundry: Laundry Room
Features
- All Bedrooms Down, Renovated Bathroom, Full Bath Down, Living Room, Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 1 1/2 Bath, Play Room/Recreation Room, Laundry Room, Office
- Flooring: Part Hardwood, Tile, Vinyl
- Windows: Excl Some Window Treatmnt
- Attic: Pull Down Stairs,Attic Access
- Number of fireplaces: 1
- Fireplace features: Masonry, Primary Bedroom
Interior area
- Total interior livable area: 1,600 sqft
Property
Parking
- Total spaces: 1
- Parking features: Driveway/Pad, Workshop in Garage
- Covered spaces: 1
- Has uncovered spaces: Yes
Features
- Stories: 1
- Patio & porch: Patio
- Exterior features: Storage
- Pool features: None
- Fencing: Wood,Wood Fence
Lot
- Size: 6,969 Square Feet
- Dimensions: 60 x 120
- Features: Landscaped
Details
- Additional structures: Storage, Workshop
- Parcel number: 058138 00026
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Brick Veneer
- Foundation: Slab
- Roof: Composition Shingles
Condition
- New construction: No
- Year built: 1955
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Polo Club Estates
Location
- Region: Memphis
Financial & listing details
- Price per square foot: $88/sqft
- Tax assessed value: $135,300
- Annual tax amount: $1,084
- Price range: $140K - $140K
- Date on market: 1/21/2025
- Cumulative days on market: 49 days
- Listing terms: Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 3/31/2025 | Sold | $140,000-4%$88/sqft |
Source:  MAAR #10188540 Report a problem | ||
| 3/12/2025 | Pending sale | $145,900$91/sqft |
Source: MAAR #10188540 Report a problem | ||
| 3/10/2025 | Price change | $145,900-8.8%$91/sqft |
Source: MAAR #10188540 Report a problem | ||
| 2/19/2025 | Price change | $159,900-3.1%$100/sqft |
Source: MAAR #10188540 Report a problem | ||
| 1/21/2025 | Listed for sale | $165,000+22.2%$103/sqft |
Source: MAAR #10188540 Report a problem | ||
| 10/7/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 8/29/2023 | Price change | $1,395-0.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/28/2023 | Listed for rent | $1,400$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/13/2023 | Sold | $135,000$84/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #3086073 Report a problem | ||
| 3/16/2023 | Pending sale | $135,000$84/sqft |
Source: MAAR #10141706 Report a problem | ||
| 3/6/2023 | Listed for sale | $135,000$84/sqft |
Source: MAAR #10141706 Report a problem | ||
| 2/14/2023 | Pending sale | $135,000$84/sqft |
Source: MAAR #10141706 Report a problem | ||
| 2/9/2023 | Listed for sale | $135,000+60.7%$84/sqft |
Source: MAAR #10141706 Report a problem | ||
| 10/18/2017 | Sold | $84,013+106.9%$53/sqft |
Source: Public Record Report a problem | ||
| 5/9/2016 | Sold | $40,600-7.3%$25/sqft |
Source: MAAR #9970963 Report a problem | ||
| 2/20/2016 | Listed for sale | $43,800-47.8%$27/sqft |
Source: The Peyton Co., Inc., REALTORS #9970963 Report a problem | ||
| 9/25/2014 | Sold | $83,835$52/sqft |
Source: Public Record Report a problem | ||
| 9/4/2014 | Price change | $83,835+109.6%$52/sqft |
Source: Auction.com Report a problem | ||
| 8/19/2014 | Price change | $40,000-54.5%$25/sqft |
Source: Auction.com Report a problem | ||
| 8/16/2014 | Listed for sale | -- |
Source: Auction.com Report a problem | ||
| 2/18/2004 | Sold | $88,000+10.7%$55/sqft |
Source: Public Record Report a problem | ||
| 11/7/2000 | Sold | $79,500+27.2%$50/sqft |
Source: Public Record Report a problem | ||
| 3/20/1995 | Sold | $62,500$39/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,783 +52.1% | $33,825 +90% |
| 2024 | $1,172 +8.1% | $17,800 |
| 2023 | $1,084 | $17,800 |
| 2022 | -- | $17,800 |
| 2021 | -- | $17,800 +4.6% |
| 2020 | $544 | $17,025 |
| 2019 | $544 -21.1% | $17,025 |
| 2018 | $690 -45.1% | $17,025 |
| 2017 | $1,257 +97.7% | $17,025 -9% |
| 2016 | $636 -12.7% | $18,700 |
| 2014 | $729 | $18,700 |
| 2013 | -- | $18,700 -18.2% |
| 2012 | -- | $22,850 |
| 2011 | -- | $22,850 |
| 2010 | -- | $22,850 |
| 2009 | -- | $22,850 +13.8% |
| 2008 | -- | $20,075 |
| 2007 | -- | $20,075 |
| 2006 | -- | $20,075 |
| 2005 | -- | $20,075 -2.4% |
| 2004 | -- | $20,575 |
| 2003 | -- | $20,575 |
| 2002 | -- | $20,575 |
| 2001 | -- | $20,575 +29.6% |
| 2000 | -- | $15,875 |
Find assessor info on the county website
Neighborhood: East Memphis-Colonial-Yorkshire
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Nearby schools
GreatSchools rating
- 4/10South Park Elementary SchoolGrades: PK-5Distance: 1 mi
- 6/10Colonial Middle SchoolGrades: 6-8Distance: 1.1 mi
- 3/10Overton High SchoolGrades: 9-12Distance: 1.3 mi
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