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    • $254,900

    2012 Carnes Ave, Memphis, TN 38114

    --beds
    --baths
    3,486sqft
    : 
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    Multi Family
    Built in 1925
    -- sqft lot
    $-- Zestimate®
    $73/sqft
    $-- HOA

    What's special

    Located in a solid rental area, this 4-plex property offers excellent income potential. The property features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, making it a versatile addition to any investment portfolio. One of the 2-bedroom units was previously rented to a Section 8 tenant for $945 per month, demonstrating strong rental demand. With full occupancy, this property has the potential to generate $3,200+ in monthly income. Conveniently situated near Downtown Memphis, Midtown, and major freeway access, this property provides easy access to dining, shopping, and employment centers. Don’t miss this great opportunity to own an income-producing multi-family property!
    63 days
    |
    118
    |
    18
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Christopher Mosby 901-830-7200,

    ResiAmerica Inc 901-730-8044

    Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3129745MLS Logo

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      Facts & features

      Interior

      Cooling
      • Gas
      Appliances
      • Laundry: Individual
      Features
      • Flooring: Wood, Tile
      Interior area
      • Total structure area: 3,486
      • Total interior livable area: 3,486 sqft

      Property

      Features
      • Levels: Three Or More
      • Stories: 2
      Lot
      • Size: 6,525 Square Feet
      • Dimensions: 50 x 130.5
      Details
      • Parcel number: 031107 00011

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      • Attached to another structure: Yes
      Materials
      • Brick
      • Roof: Other
      Condition
      • New construction: No
      • Year built: 1925

      Community & HOA

      Community
      • Subdivision: Flower Garden
      Location
      • Region: Memphis

      Financial & listing details

      • Price per square foot: $73/sqft
      • Annual tax amount: $2,534
      • Date on market: 5/4/2026
      • Tenant pays: Electricity, Water, Gas

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/4/2026Listed for sale$254,900$73/sqft
        Source: MAAR #10208512 Report a problem
        4/9/2026Pending sale$254,900$73/sqft
        Source: MAAR #10208512 Report a problem
        1/22/2026Price change$254,900-7.3%$73/sqft
        Source: MAAR #10208512 Report a problem
        12/4/2025Price change$274,900-5.2%$79/sqft
        Source: MAAR #10208512 Report a problem
        10/26/2025Listed for sale$289,900-31.8%$83/sqft
        Source: MAAR #10208512 Report a problem
        8/16/2025Listing removed$425,000$122/sqft
        Source: MAAR #10190241 Report a problem
        5/21/2025Price change$425,000-0.9%$122/sqft
        Source: MAAR #10190241 Report a problem
        5/8/2025Price change$428,900-1.9%$123/sqft
        Source: MAAR #10190241 Report a problem
        4/29/2025Price change$437,100-0.5%$125/sqft
        Source: MAAR #10190241 Report a problem
        3/31/2025Price change$439,500-3.4%$126/sqft
        Source: MAAR #10190241 Report a problem
        3/20/2025Price change$455,000-0.8%$131/sqft
        Source: MAAR #10190241 Report a problem
        2/17/2025Listed for sale$458,900-5.4%$132/sqft
        Source: MAAR #10190241 Report a problem
        9/28/2024Listing removed$485,000$139/sqft
        Source: MAAR #10181831 Report a problem
        9/23/2024Listed for sale$485,000-0.2%$139/sqft
        Source: MAAR #10181831 Report a problem
        7/20/2024Listing removed--
        Source: MAAR #10171416 Report a problem
        5/23/2024Price change$485,8900%$139/sqft
        Source: MAAR #10171416 Report a problem
        5/2/2024Listed for sale$485,900-1.7%$139/sqft
        Source: MAAR #10171416 Report a problem
        1/13/2024Listing removed--
        Source: MAAR #10155994 Report a problem
        10/20/2023Listing removed$494,500$142/sqft
        Source: MAAR #10155994 Report a problem
        9/20/2023Price change$494,500-0.1%$142/sqft
        Source: MAAR #10155994 Report a problem
        9/6/2023Listed for sale$495,000+140.3%$142/sqft
        Source: MAAR #10155994 Report a problem
        8/31/2023Listing removed--
        Source: MAAR #10149896 Report a problem
        3/7/2023Sold$206,000$59/sqft
        Source: MAAR #10138857 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Midtown

        Getting around

        56 / 100
        Somewhat Walkable
        35 / 100
        Some Transit
        45 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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