Closed

Zestimate^®

$189,000

1516 Netherwood Ave, Memphis, TN 38106

3beds

2baths

2,079sqft

Multi Family

Built in 1927

-- sqft lot

$189,000 Zestimate^®

$91/sqft

$1,021 Estimated rent

Home value

$189,000

$180,000 - $198,000

$1,021/mo

Zestimate^® history

Owner options

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$1,021/mo

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$1,021/mo

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$1,232/mo

Est. payment

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$1,232/mo

Est. payment

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What's special

INVESTORS ONLY!! DO NOT DISTURB TENANT. A duplex featuring one 3-bedroom, 1-bath unit and one 1-bedroom, 1-bath unit, each with its own functional layout and comfortable living spaces. The property offers a practical opportunity with two separate residences on one lot, providing flexibility and added rental potential. Conveniently located near schools, shopping, dining, and major roadways for easy access to everyday amenities.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2

Heating

Central

Cooling

Central Air

Features

Flooring: Carpet

Interior area

Total structure area: 2,079
Total interior livable area: 2,079 sqft

Property

Features

Levels: One
Stories: 1

Lot

Size: 8,580 Square Feet
Dimensions: 60 x 143

Details

Parcel number: 031008 00015
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Condition

New construction: No
Year built: 1927

Community & HOA

Community

Subdivision: Southern Terr

Location

Region: Memphis

Financial & listing details

Price per square foot: $91/sqft
Tax assessed value: $146,000
Annual tax amount: $3,078
Date on market: 8/20/2026

Price history

Date	Event	Price
8/17/2026	Sold	$189,000$91/sqft
Source: RealTracs MLS as distributed by MLS GRID #3519117 Report a problem
8/4/2026	Pending sale	$189,000$91/sqft
Source: MAAR #10227519 Report a problem
8/3/2026	Listed for sale	$189,000+28.6%$91/sqft
Source: MAAR #10227519 Report a problem
12/19/2025	Listing removed	$1,100$1/sqft
Source: Zillow Rentals Report a problem
9/5/2025	Listed for rent	$1,100$1/sqft
Source: Zillow Rentals Report a problem
10/24/2024	Sold	$147,000+42.7%$71/sqft
Source: Public Record Report a problem
12/2/2016	Sold	$103,000+543.8%$50/sqft
Source: Public Record Report a problem
8/5/2016	Sold	$16,000-42.9%$8/sqft
Source: RealTracs MLS as distributed by MLS GRID #3030005 Report a problem
5/20/2016	Price change	$28,000+9.8%$13/sqft
Source: KAIZEN Realty, LLC #9973388 Report a problem
5/12/2016	Price change	$25,500-1.5%$12/sqft
Source: KAIZEN Realty, LLC #9973388 Report a problem
4/5/2016	Price change	$25,900-13.4%$12/sqft
Source: KAIZEN Realty, LLC #9973388 Report a problem
3/25/2016	Listed for sale	$29,900$14/sqft
Source: KAIZEN Realty, LLC #9973388 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,078 +61.2%	$58,400 +101.4%
2024	$1,910 +8.1%	$29,000
2023	$1,767	$29,000
2022	--	$29,000
2021	--	$29,000 +36.5%
2020	$679	$21,240
2019	$679 -21.1%	$21,240
2018	$860 -45.1%	$21,240
2017	$1,568 +203.9%	$21,240 +40%
2016	$516 -12.1%	$15,175
2014	$587	$15,175
2013	--	$15,175 -17.5%
2012	--	$18,400
2011	--	$18,400
2010	--	$18,400
2009	--	$18,400 +4.7%
2008	--	$17,575
2007	--	$17,575
2006	--	$17,575
2005	--	$17,575 +14.5%
2004	--	$15,350
2003	--	$15,350
2002	--	$15,350
2001	--	$15,350 +23%
2000	--	$12,475