INVESTORS—DON’T MISS THE SIZE & UPSIDE! Spacious one-level 3BR/2BA home offering approximately 1,859 SF with hardwood floors, central HVAC, separate living and dining areas on a corner lot. Property offers strong value-add potential and is ideal for a flip, BRRRR or long-term rental. Renovated homes in the surrounding area have shown strong resale activity. Property is being sold AS-IS. Buyer to perform all due diligence regarding condition, renovation costs, rental potential and resale value. Schedule your showing today!
For sale
Price cut: $5K (8/21)
$75,000
1551 Waverly Ave, Memphis, TN 38106
3beds
1,859sqft
Apartment
Built in 1935
-- sqft lot
$75,400 Zestimate®
$40/sqft
$-- HOA
What's special
Corner lotHardwood floorsCentral hvac
- 45 days
- 141
- 10
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
April Mallory,
KAIZEN Realty, LLC 901-221-4041
Source: MAAR,MLS#: 10226992
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: First
- Area: 195
- Dimensions: 13 x 15
Bedroom 2
- Level: First
- Area: 144
- Dimensions: 12 x 12
Bedroom 3
- Level: First
Dining room
- Features: Separate Dining Room
- Area: 156
- Dimensions: 13 x 12
Kitchen
- Features: Washer/Dryer Connections
Living room
- Features: Separate Living Room
- Area: 238
- Dimensions: 14 x 17
Den
- Dimensions: 0 x 0
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Laundry Room
Features
- 2 Full Primary Baths, All Bedrooms Down, 2 or More Baths, 2nd Bedroom, 3rd Bedroom, Dining Room, Kitchen, Laundry Room, Living Room, Primary Bedroom, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
- Flooring: Part Hardwood
- Number of fireplaces: 1
Interior area
- Total interior livable area: 1,859 sqft
Property
Parking
- Total spaces: 1
- Parking features: Driveway/Pad
- Covered spaces: 1
- Has uncovered spaces: Yes
Features
- Stories: 1
- Patio & porch: Porch
- Pool features: None
Lot
- Size: 8,712 Square Feet
- Dimensions: 59 x 148
- Features: Corner Lot
Details
- Parcel number: 031008 00008
Construction
Type & style
- Home type: Apartment
- Architectural style: Traditional
- Property subtype: Apartment
Materials
- Brick Veneer
- Roof: Composition Shingles
Condition
- New construction: No
- Year built: 1935
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Southern Terr
Location
- Region: Memphis
Financial & listing details
- Price per square foot: $40/sqft
- Tax assessed value: $113,000
- Annual tax amount: $1,489
- Price range: $75K - $75K
- Date on market: 7/26/2026
- Cumulative days on market: 48 days
- Listing terms: Conventional,Other (See REMARKS)
Estimated market value
$75,400
$55,000 - $101,000
$1,482/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/21/2026 | Price change | $75,000-6.3%$40/sqft |
Source:  MAAR #10226992 Report a problem | ||
| 7/26/2026 | Listed for sale | $80,000+45.5%$43/sqft |
Source: MAAR #10226992 Report a problem | ||
| 6/20/2019 | Listing removed | $55,000$30/sqft |
Source: Crye-Leike, Inc., REALTORS #10042708 Report a problem | ||
| 2/15/2019 | Price change | $55,000-12.7%$30/sqft |
Source: Crye-Leike, Inc., REALTORS #10042708 Report a problem | ||
| 1/8/2019 | Price change | $63,000-4.4%$34/sqft |
Source: Crye-Leike, Inc., REALTORS #10042708 Report a problem | ||
| 12/19/2018 | Listed for sale | $65,900+128%$35/sqft |
Source: Crye-Leike, Inc., REALTORS #10042708 Report a problem | ||
| 10/21/2015 | Sold | $28,900-26.8%$16/sqft |
Source: MAAR #9946057 Report a problem | ||
| 2/27/2015 | Listing removed | $39,500$21/sqft |
Source: First National Realty, Inc. #9941440 Report a problem | ||
| 12/12/2014 | Price change | $39,500-15.1%$21/sqft |
Source: First National Realty, Inc. #9941440 Report a problem | ||
| 12/10/2014 | Listed for sale | $46,500+210%$25/sqft |
Source: First National Realty, Inc. #9941440 Report a problem | ||
| 6/19/2014 | Sold | $15,000+25%$8/sqft |
Source: Public Record Report a problem | ||
| 6/20/2012 | Sold | $12,000+4.3%$6/sqft |
Source: Public Record Report a problem | ||
| 8/31/2009 | Sold | $11,500+29.2%$6/sqft |
Source: Public Record Report a problem | ||
| 7/16/2009 | Listed for sale | $8,900-73.8%$5/sqft |
Source: Hometown Realty #3176003 Report a problem | ||
| 5/20/2008 | Sold | $34,000$18/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,489 +10.6% | $28,250 +38.1% |
| 2024 | $1,347 +8.1% | $20,450 |
| 2023 | $1,246 | $20,450 |
| 2022 | -- | $20,450 |
| 2021 | -- | $20,450 +29.4% |
| 2020 | $505 | $15,800 |
| 2019 | $505 -21.1% | $15,800 |
| 2018 | $640 -45.1% | $15,800 |
| 2017 | $1,166 +128.3% | $15,800 +5.2% |
| 2016 | $511 -12.1% | $15,025 |
| 2014 | $581 | $15,025 |
| 2013 | -- | $15,025 -17.6% |
| 2012 | -- | $18,225 |
| 2011 | -- | $18,225 |
| 2010 | -- | $18,225 |
| 2009 | -- | $18,225 +4% |
| 2008 | -- | $17,525 |
| 2007 | -- | $17,525 |
| 2006 | -- | $17,525 |
| 2005 | -- | $17,525 +15.3% |
| 2004 | -- | $15,200 |
| 2003 | -- | $15,200 |
| 2002 | -- | $15,200 |
| 2001 | -- | $15,200 -4.6% |
| 2000 | -- | $15,925 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Midtown
Similar homes
- $80,0006 bd2 ba2.3k sqft1123 Rozelle St, Memphis, TN 38106For Sale By Owner
- $85,0003 bd2 ba1.2k sqft1551 Victor St, Memphis, TN 38106For Sale
MLS ID #10226499, Christine S Abston, REMAX Experts. MAAR - $75,0003 bd2 ba972 sqft1448 Valse Rd, Memphis, TN 38106For Sale
MLS ID #10214789, Tyler Tapley, Crye-Leike, Inc., REALTORS. MAAR - $39,9003 bd2 ba1.9k sqft1044 Roland St, Memphis, TN 38114For Sale
MLS ID #10230049, Caleb Parr, Renshaw Company, REALTORS. MAAR - $93,5003 bd1 ba1.3k sqft1379 Quinn Ave, Memphis, TN 38106For Sale
MLS ID #3122703, Andre Pruitt. RealTracs MLS as distributed by MLS GRID
