Tenant-occupied 3-bedroom, 1-bath property offering an opportunity for investors seeking immediate rental income. The existing tenant on month to month lease paying 1k a month. NO SHOWING WITHOUT ACCEPTED OFFER.
For sale
$75,000
1987 Belmar St, Memphis, TN 38106
3beds
1,138sqft
Single Family Residence
Built in 1950
6,534 Square Feet Lot
$49,200 Zestimate®
$66/sqft
$-- HOA
What's special
- 23 hours
- 80
- 11
Zillow last checked:
Listing updated:
Listed by:
Shimar X Willis,
Progressive Realty Services 901-507-0498
Source: MAAR,MLS#: 10229387
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Level: First
- Area: 110
- Dimensions: 11 x 10
Bedroom 2
- Area: 110
- Dimensions: 11 x 10
Bedroom 3
- Area: 110
- Dimensions: 11 x 10
Dining room
- Area: 64
- Dimensions: 8 x 8
Kitchen
- Features: Eat-in Kitchen
Living room
- Features: LR/DR Combination
- Area: 132
- Dimensions: 12 x 11
Den
- Dimensions: 0 x 0
Heating
- Central
Cooling
- Window Unit(s)
Appliances
- Included: Electric Water Heater
Features
- All Bedrooms Down, Primary Down, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
- Flooring: Vinyl
- Has fireplace: No
Interior area
- Total interior livable area: 1,138 sqft
Property
Parking
- Parking features: Driveway/Pad
- Has uncovered spaces: Yes
Features
- Stories: 1
- Exterior features: Sidewalks
- Pool features: None
- Fencing: Chain Fence
Lot
- Size: 6,534 Square Feet
- Dimensions: 47 x 125
- Features: Level, Historic District
Details
- Parcel number: 049008 00035
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Brick Veneer
- Roof: Composition Shingles
Condition
- New construction: No
- Year built: 1950
Community & HOA
Community
- Security: Wrought Iron Security Drs
- Subdivision: Philsar Blk F
Location
- Region: Memphis
Financial & listing details
- Price per square foot: $66/sqft
- Tax assessed value: $49,600
- Annual tax amount: $654
- Price range: $75K - $75K
- Date on market: 8/30/2026
- Cumulative days on market: 2 days
- Listing terms: Conventional,FHA,VA Loan
Estimated market value
$49,200
$35,000 - $67,000
$1,025/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/30/2026 | Listed for sale | $75,000+368.8%$66/sqft |
Source:  MAAR #10229387 Report a problem | ||
| 12/6/2007 | Sold | $16,000-68%$14/sqft |
Source: Public Record Report a problem | ||
| 5/11/2005 | Sold | $50,000+169.5%$44/sqft |
Source: Public Record Report a problem | ||
| 9/28/2004 | Sold | $18,554$16/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $654 +6.1% | $12,400 +32.6% |
| 2024 | $616 +8.1% | $9,350 |
| 2023 | $570 | $9,350 |
| 2022 | -- | $9,350 |
| 2021 | -- | $9,350 +18.4% |
| 2020 | $252 | $7,900 |
| 2019 | $252 -21.1% | $7,900 |
| 2018 | $320 -45.1% | $7,900 |
| 2017 | $583 +158.9% | $7,900 +19.2% |
| 2016 | $225 -12.8% | $6,625 |
| 2014 | $258 | $6,625 |
| 2013 | -- | $6,625 -18.2% |
| 2012 | -- | $8,100 |
| 2011 | -- | $8,100 |
| 2010 | -- | $8,100 |
| 2009 | -- | $8,100 -3.3% |
| 2008 | -- | $8,375 |
| 2007 | -- | $8,375 |
| 2006 | -- | $8,375 |
| 2005 | -- | $8,375 -6.4% |
| 2004 | -- | $8,950 |
| 2003 | -- | $8,950 |
| 2002 | -- | $8,950 |
| 2001 | -- | $8,950 -3.8% |
| 2000 | -- | $9,300 |
Find assessor info on the county website
Monthly payment
Est. payment
