Calling all investors and visionaries! Located in the heart of Memphis, 1562 Preston Street offers an excellent opportunity for redevelopment or restoration. According to public records, this property features four bedrooms, one and a half bathrooms, and approximately 1,448 square feet of living space. Built in 1912, the home reflects the charm and character of its era but is in need of extensive repairs throughout. Please note that there is no interior access and no interior photos available. The property is being sold as-is, and the primary value lies in the land and its potential for future use. Whether you're looking to restore a historic structure or clear the site for a fresh start, this parcel provides a solid foundation in an established neighborhood. With the right vision and investment, 1562 Preston Street could become a standout project in a growing Memphis market. This is a chance to bring new life to a classic property while capitalizing on the area's continued development and demand. *Buyer and buyer's agent to verify all information contained herein. Deemed reliable, but not guaranteed. *Equal Housing Opportunity. Assignment of contract. Wholesaler holds equitable interest and has limited power of attorney from seller for document execution only.
Sold for $9,500
$9,500
1562 Preston St, Memphis, TN 38106
4beds
1,448sqft
Single Family Residence
Built in 1912
7,840 Square Feet Lot
$-- Zestimate®
$7/sqft
$1,348 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,348/mo
Zestimate® history
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Source: NextHome,MLS#: 9987884
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Features
- Has basement: No
Interior area
- Total structure area: 1,448
- Total interior livable area: 1,448 sqft
Property
Lot
- Size: 7,840 Square Feet
Details
- Parcel number: 03401200021
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- Year built: 1912
Community & HOA
Location
- Region: Memphis
Financial & listing details
- Price per square foot: $7/sqft
- Tax assessed value: $30,400
- Annual tax amount: $401
- Date on market: 11/3/2025
- Lease term: Contact For Details
Price history
| Date | Event | Price |
|---|---|---|
| 6/17/2026 | Sold | $9,500-36.2%$7/sqft |
Source: Public Record Report a problem | ||
| 3/25/2026 | Price change | $14,900-19.5%$10/sqft |
Source: | ||
| 3/20/2026 | Listed for sale | $18,500+5.7%$13/sqft |
Source: | ||
| 12/27/2025 | Listing removed | $17,500$12/sqft |
Source: TVRMLS #9987884 Report a problem | ||
| 12/12/2025 | Pending sale | $17,500$12/sqft |
Source: TVRMLS #9987884 Report a problem | ||
| 11/25/2025 | Price change | $17,500-12.5%$12/sqft |
Source: TVRMLS #9987884 Report a problem | ||
| 11/16/2025 | Price change | $20,000-20%$14/sqft |
Source: TVRMLS #9987884 Report a problem | ||
| 11/3/2025 | Listed for sale | $25,000-28.6%$17/sqft |
Source: TVRMLS #9987884 Report a problem | ||
| 2/19/2025 | Listing removed | $35,000$24/sqft |
Source: | ||
| 1/31/2025 | Listed for sale | $35,000+560.4%$24/sqft |
Source: | ||
| 11/22/1996 | Sold | $5,300$4/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $401 -13.4% | $7,600 +8.2% |
| 2024 | $463 +8.1% | $7,025 |
| 2023 | $428 | $7,025 |
| 2022 | -- | $7,025 |
| 2021 | -- | $7,025 +22.2% |
| 2020 | $184 | $5,750 |
| 2019 | $184 -21.1% | $5,750 |
| 2018 | $233 -45.1% | $5,750 |
| 2017 | $424 +64.8% | $5,750 -24.1% |
| 2016 | $258 -24% | $7,575 |
| 2014 | $339 | $7,575 |
| 2013 | -- | $7,575 -28.7% |
| 2012 | -- | $10,625 |
| 2011 | -- | $10,625 |
| 2010 | -- | $10,625 |
| 2009 | -- | $10,625 -9% |
| 2008 | -- | $11,675 |
| 2007 | -- | $11,675 |
| 2006 | -- | $11,675 |
| 2005 | -- | $11,675 +44.1% |
| 2004 | -- | $8,100 |
| 2003 | -- | $8,100 |
| 2002 | -- | $8,100 |
| 2001 | -- | $8,100 +16.5% |
| 2000 | -- | $6,950 |
Find assessor info on the county website
Neighborhood: Downtown
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Nearby schools
GreatSchools rating
- 3/10A B Hill Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 7/10Carver College and Career AcademyGrades: 7-12Distance: 1 mi
- 3/10Hamilton High SchoolGrades: 9-12Distance: 1.9 mi
- Tennessee
- Shelby County
- Memphis
- 38106
- Downtown
- 1562 Preston St
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