Value-Add Triplex Investment Opportunity Near Crosstown Concourse Located just blocks from the vibrant Crosstown Concourse, this 3-unit triplex offers the perfect blend of historic charm and value-add potential in the heart of 38104. Built in 1919 and spanning 2,667 sq ft, each unit features a 1-bed / 1-bath layout, ideal for long-term tenants or short-term rental strategies. The property is in need of renovations to significantly increase its value. With several renovated and newly developed properties within a half-mile radius, the surrounding neighborhood is on a strong upward trend. ARV: $300,000(conservatively). This is a rare opportunity to acquire a classic Midtown Memphis triplex at a steep discount with plenty of upside potential. Whether you're a buy-and-hold investor or looking for your next flip, this property checks all the boxes. Cash Only sold as-is. Do not disturb tenants. No showings without an accepted offer.
Closed
$90,000
1335 Faxon Ave, Memphis, TN 38104
3beds
2,667sqft
Residential
Built in 1919
7,840 Square Feet Lot
$90,200 Zestimate®
$34/sqft
$2,691 Estimated rent
Home value
$90,200
$85,000 - $96,000
$2,691/mo
Zestimate® history
Owner options
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$452/mo
Est. payment
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Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Crystal Mitchell 901-864-2650,
Renshaw Company Realtors
Bought with:
James Johnson
KAIZEN REALTY LLC
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3153340
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Other
Cooling
- Wall/Window Unit(s)
Features
- Flooring: Wood
- Has fireplace: No
Interior area
- Total structure area: 2,667
- Total interior livable area: 2,667 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached, Parking Pad
- Carport spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: Three Or More
- Stories: 1
- Patio & porch: Porch
Lot
- Size: 7,840 Square Feet
- Dimensions: 50 x 160
Details
- Parcel number: 021100 00007
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential
Condition
- New construction: No
- Year built: 1919
Community & HOA
Community
- Subdivision: Speedway Terr Blk B
HOA
- Has HOA: No
Location
- Region: Memphis
Financial & listing details
- Price per square foot: $34/sqft
- Tax assessed value: $174,600
- Annual tax amount: $2,506
- Date on market: 9/30/2025
Price history
| Date | Event | Price |
|---|---|---|
| 11/21/2025 | Sold | $90,000-10%$34/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #3153340 Report a problem | ||
| 10/5/2025 | Pending sale | $100,000$37/sqft |
Source:  MAAR #10206739 Report a problem | ||
| 9/30/2025 | Listed for sale | $100,000+58.7%$37/sqft |
Source: MAAR #10206737 Report a problem | ||
| 9/11/2025 | Sold | $63,000+27.3%$24/sqft |
Source: Public Record Report a problem | ||
| 9/18/1996 | Sold | $49,500$19/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,681 +46.9% | $69,840 +83.6% |
| 2024 | $2,505 +8.1% | $38,040 |
| 2023 | $2,317 | $38,040 |
| 2022 | -- | $38,040 |
| 2021 | -- | $38,040 -10.9% |
| 2020 | $1,364 | $42,680 |
| 2019 | $1,364 -21.1% | $42,680 |
| 2018 | $1,729 -45.1% | $42,680 |
| 2017 | $3,150 +95.6% | $42,680 -9.9% |
| 2016 | $1,610 +40.3% | $47,360 |
| 2014 | $1,148 | $47,360 |
| 2013 | -- | $47,360 +31.6% |
| 2012 | -- | $36,000 |
| 2011 | -- | $36,000 |
| 2010 | -- | $36,000 |
| 2009 | -- | $36,000 |
| 2008 | -- | $36,000 |
| 2007 | -- | $36,000 |
| 2006 | -- | $36,000 -12.9% |
| 2005 | -- | $41,320 +34.7% |
| 2004 | -- | $30,680 |
| 2003 | -- | $30,680 |
| 2002 | -- | $30,680 |
| 2001 | -- | $30,680 +45.5% |
| 2000 | -- | $21,080 |
Find assessor info on the county website
Neighborhood: Midtown
Nearby homes
- $146,0003 bd2 ba1.8k sqft1331 Faxon Ave, Memphis, TN 38104Sold
- $147,8002 bd1 ba1.2k sqft1341 Faxon Ave, Memphis, TN 38104Off Market
- $355,2004 bd2 ba2.2k sqft1327 Faxon Ave, Memphis, TN 38104Off Market
- $186,9003 bd2 ba2.2k sqft1347 Faxon Ave, Memphis, TN 38104Off Market
- $114,1003 bd1 ba1.2k sqft1321 Faxon Ave, Memphis, TN 38104Off Market
- $210,0003 bd1 ba1.5k sqft1351 Faxon Ave, Memphis, TN 38104Sold
- $169,7003 bd2 ba1.8k sqft1340 Faxon Ave, Memphis, TN 38107Off Market
- $268,4003 bd2 ba1.8k sqft1332 Faxon Ave, Memphis, TN 38104Off Market
Nearby schools
GreatSchools rating
- 6/10Snowden Elementary/MiddleGrades: PK-8Distance: 1 mi
- 3/10Manassas High SchoolGrades: 9-12Distance: 1.5 mi
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- Tennessee
- Shelby County
- Memphis
- 38104
- Midtown
- 1335 Faxon Ave
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