Awesome Investment Opportunity in the heart of Memphis! Tenant paying $750 on renovated unit. Unit 2 needs rehab. Quote available. Location is prime for renters. Motivated Seller. Send your offers today. Won't last long. No showing until accepted contract. Do no disturb tenants.
Pending
$95,000
1501 Fairfax St, Memphis, TN 38108
3beds
1,325sqft
Duplex
Built in 1965
-- sqft lot
$88,500 Zestimate®
$72/sqft
$-- HOA
What's special
Renovated unit
- 359 days
- 7
- 1
Zillow last checked:
Listing updated:
Listed by:
Letitia Alexander,
Epique Realty 888-893-3537
Source: MAAR,MLS#: 10205074
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Space Heater
Cooling
- 1 Window Unit per Unit
Appliances
- Included: Electric Water Heater
Features
- W/D Connection in Kitchen
- Flooring: Tile
- Doors: Storm Door(s)
Interior area
- Total interior livable area: 1,325 sqft
Property
Parking
- Parking features: Driveway/Pad
- Has uncovered spaces: Yes
Features
- Stories: 1
- Pool features: None
Lot
- Size: 5,400 Square Feet
- Dimensions: 40 x 135
- Features: Level
Details
- Parcel number: 042063 00014
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Duplex
Condition
- Year built: 1965
Community & HOA
Community
- Subdivision: Fairfax
Location
- Region: Memphis
Financial & listing details
- Price per square foot: $72/sqft
- Tax assessed value: $47,400
- Annual tax amount: $394
- Date on market: 9/5/2025
- Cumulative days on market: 347 days
- Listing terms: Conventional,Other (See Remarks)
- Lease term: None
Estimated market value
$88,500
$67,000 - $113,000
$1,170/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/17/2025 | Pending sale | $95,000$72/sqft |
Source:  MAAR #10205074 Report a problem | ||
| 9/5/2025 | Listed for sale | $95,000+111.1%$72/sqft |
Source: MAAR #10205074 Report a problem | ||
| 3/31/2025 | Sold | $45,000-42.7%$34/sqft |
Source: Public Record Report a problem | ||
| 8/27/2024 | Listing removed | -- |
Source: MAAR #10177066 Report a problem | ||
| 7/23/2024 | Price change | $78,500-1.9%$59/sqft |
Source: MAAR #10177066 Report a problem | ||
| 7/16/2024 | Listed for sale | $80,000$60/sqft |
Source: MAAR #10177066 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $625 +58.7% | $11,850 +98.3% |
| 2024 | $393 +8.1% | $5,975 |
| 2023 | $364 | $5,975 |
| 2022 | -- | $5,975 |
| 2021 | -- | $5,975 -4.4% |
| 2020 | $200 | $6,250 |
| 2019 | $200 -21.1% | $6,250 |
| 2018 | $253 -45.1% | $6,250 |
| 2017 | $461 +261.8% | $6,250 +66.7% |
| 2016 | $128 -68.2% | $3,750 -37.5% |
| 2014 | $401 | $6,000 -23.5% |
| 2013 | -- | $7,840 -37.6% |
| 2012 | -- | $12,560 |
| 2011 | -- | $12,560 |
| 2010 | -- | $12,560 |
| 2009 | -- | $12,560 +75.7% |
| 2008 | -- | $7,150 |
| 2007 | -- | $7,150 |
| 2006 | -- | $7,150 |
| 2005 | -- | $7,150 +6.3% |
| 2004 | -- | $6,725 |
| 2003 | -- | $6,725 |
| 2002 | -- | $6,725 -54.2% |
| 2001 | -- | $14,680 +156.6% |
| 2000 | -- | $5,720 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Midtown
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