For sale

$89,000

1487 Swift St, Memphis, TN 38109

2beds

1,076sqft

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Single Family Residence

Built in 1938

4,791 Square Feet Lot

$84,700 Zestimate^®

$83/sqft

$-- HOA

What's special

Decorative fireplaceLarge backyardCovered front porchSeparate dining areaDedicated laundry room

Renovated in 2023, this income-producing property is an excellent opportunity for investors seeking a rent-ready asset with professional management already in place. Featuring a functional floor plan with a spacious living room, separate dining area, decorative fireplace, and a dedicated laundry room, this home also offers a covered front porch and a large backyard—appealing features for long-term tenant retention. Currently leased at $910 per month and managed by Mid South Best Rentals, providing a seamless transition for the new owner. Drive-by only and do not disturb the tenant(s). Interior access will be provided after an accepted offer. Offers to include a contingency for Buyer’s satisfactory visual inspection. Inquire for details.

75 days

27

2

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Primary bedroom

Level: First
Dimensions: 0 x 0

Bedroom 2

Features: Shared Bath
Level: Second

Dining room

Dimensions: 0 x 0

Kitchen

Features: Updated/Renovated Kitchen

Living room

Features: Separate Living Room
Dimensions: 0 x 0

Den

Dimensions: 0 x 0

Heating

Central

Cooling

Central Air

Features

1 or More BR Down, All Bedrooms Down, Renovated Bathroom, Textured Ceiling, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
Flooring: Part Carpet
Basement: Crawl Space
Has fireplace: Yes
Fireplace features: Decorative

Interior area

Total interior livable area: 1,076 sqft

Property

Parking

Parking features: Driveway/Pad
Has uncovered spaces: Yes

Features

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

Lot

Size: 4,791 Square Feet
Dimensions: 50 x 105
Features: Some Trees

Details

Parcel number: 035003 00006

Construction

Type & style

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

Materials

Brick Veneer, Vinyl Siding

Condition

New construction: No
Year built: 1938

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Security: Wrought Iron Security Drs
Subdivision: Fordhurst

Location

Region: Memphis

Financial & listing details

Price per square foot: $83/sqft
Tax assessed value: $106,500
Annual tax amount: $1,403
Price range: $89K - $89K
Date on market: 4/20/2026
Cumulative days on market: 76 days

Estimated market value

$84,700

$80,000 - $89,000

$945/mo

Price history

Date	Event	Price
5/21/2026	Listing removed	$910$1/sqft
Source: Zillow Rentals Report a problem
4/20/2026	Listed for sale	$89,000-16%$83/sqft
Source: MAAR #10219709 Report a problem
4/9/2026	Listed for rent	$910+10.3%$1/sqft
Source: Zillow Rentals Report a problem
3/14/2023	Sold	$106,000+360.9%$99/sqft
Source: Public Record Report a problem
1/31/2023	Listing removed	--
Source: Zillow Rentals Report a problem
1/11/2023	Listed for rent	$825$1/sqft
Source: Zillow Rentals Report a problem
6/27/2022	Sold	$23,000+475%$21/sqft
Source: Public Record Report a problem
4/1/2013	Sold	$4,000$4/sqft
Source: MAAR #3265295 Report a problem
2/28/2013	Pending sale	$4,000$4/sqft
Source: Crye-Leike #3265295 Report a problem
2/19/2013	Listed for sale	$4,000$4/sqft
Source: Crye-Leike #3265295 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,403 +59%	$26,625 +98.7%
2024	$882 +8.1%	$13,400
2023	$816	$13,400 +120.6%
2022	--	$6,075
2021	--	$6,075 +6.6%
2020	$182	$5,700
2019	$182 -21.1%	$5,700
2018	$231 -45.1%	$5,700
2017	$421 +108%	$5,700 -4.2%
2016	$202 -9.4%	$5,950
2014	$223	$5,950
2013	--	$5,950 -15%
2012	--	$7,000
2011	--	$7,000
2010	--	$7,000
2009	--	$7,000 -11.7%
2008	--	$7,925
2007	--	$7,925
2006	--	$7,925
2005	--	$7,925
2004	--	$7,925
2003	--	$7,925
2002	--	$7,925
2001	--	$7,925 -2.2%
2000	--	$8,100

Find assessor info on the county website

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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