Sold for $140,000

$140,000

2162 Griggs Ave, Memphis, TN 38108

2beds

1,050sqft

Duplex

Built in 1945

-- sqft lot

$139,700 Zestimate^®

$133/sqft

$653 Estimated rent

Home value

$139,700

$133,000 - $147,000

$653/mo

Zestimate^® history

Owner options

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$653/mo

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$653/mo

Rent Zestimate^®

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$915/mo

Est. payment

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$915/mo

Est. payment

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What's special

Huge backyardDouble-pane vinyl windowsCovered front porchUpdated kitchensCeiling fansSecurity doors

Cash-flowing Turnkey Memphis duplex investment offered at $149,900 with immediate income in place. This fully occupied duplex features two 1BR/1BA units, each leased at $750/month, generating $18,000 in gross annual rent. At current rents, the property offers an approximate 9% cap rate and a strong GRM around 8.3 (buyer to verify all financials). Both units include updated kitchens, tile baths with tile surrounds, luxury vinyl plank flooring in living and bedroom areas, tile in kitchens and baths, double-pane vinyl windows, ceiling fans, covered front porch, security doors, and a huge backyard. A solid, stabilized asset ideal for investors seeking reliable income. Do not disturb tenants, drive by only. Make offers contingent upon viewing inside. No wholesalers, assignments, or creative seller financing.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Heating

Natural Gas, Wall Furnace

Cooling

Other (See Remarks)

Appliances

Included: Range/Oven (Freestanding), Gas Water Heater

Features

Sprayed Ceiling, Separate Living Room, Updated/Renovated Kit
Flooring: Tile, Vinyl
Doors: Storm Door(s)
Windows: Double Pane Windows, Window Treatments
Has fireplace: No

Interior area

Total interior livable area: 1,050 sqft

Property

Parking

Total spaces: 1
Parking features: Driveway/Pad, Street Parking Only
Covered spaces: 1
Has uncovered spaces: Yes

Features

Stories: 1
Patio & porch: Porch
Pool features: None

Lot

Size: 4,800 Square Feet
Dimensions: 40 x 120
Features: Some Trees, Level, Other (See Remarks)

Details

Parcel number: 041044 00026

Construction

Type & style

Home type: MultiFamily
Architectural style: Bungalow
Property subtype: Duplex

Materials

Stone
Roof: Composition Shingles

Condition

Year built: 1945

Community & HOA

Community

Subdivision: Hyde Park Blk C

Location

Region: Memphis

Financial & listing details

Price per square foot: $133/sqft
Tax assessed value: $134,600
Annual tax amount: $530
Date on market: 8/29/2025
Cumulative days on market: 138 days
Listing terms: Conventional,FHA
Lease term: None
Total actual rent: 1500

Price history

Date	Event	Price
2/11/2026	Sold	$140,000-6.6%$133/sqft
Source: MAAR #10204601 Report a problem
1/23/2026	Pending sale	$149,900$143/sqft
Source: MAAR #10204601 Report a problem
1/6/2026	Price change	$149,900-0.1%$143/sqft
Source: MAAR #10204601 Report a problem
8/29/2025	Listed for sale	$150,000+12.8%$143/sqft
Source: MAAR #10204601 Report a problem
1/26/2024	Sold	$133,000-1.5%$127/sqft
Source: MAAR #10157815 Report a problem
12/11/2023	Pending sale	$135,000$129/sqft
Source: MAAR #10157815 Report a problem
11/21/2023	Contingent	$135,000$129/sqft
Source: MAAR #10157815 Report a problem
9/29/2023	Listed for sale	$135,000+170%$129/sqft
Source: MAAR #10157815 Report a problem
5/15/2023	Sold	$50,000+410.2%$48/sqft
Source: Public Record Report a problem
8/3/2010	Sold	$9,800-3.9%$9/sqft
Source: Public Record Report a problem
7/7/2010	Price change	$10,200-1%$10/sqft
Source: HARRIS REALTY SERVICES, LLC #3197703 Report a problem
6/5/2010	Price change	$10,300-5.5%$10/sqft
Source: HARRIS REALTY SERVICES, LLC #3197703 Report a problem
5/22/2010	Price change	$10,900-0.9%$10/sqft
Source: HARRIS REALTY SERVICES, LLC #3197703 Report a problem
5/1/2010	Listed for sale	$11,000$10/sqft
Source: HARRIS REALTY SERVICES, LLC #3197703 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,838 +436%	$53,840 +569.7%
2024	$529 +8.1%	$8,040
2023	$490	$8,040
2022	--	$8,040
2021	--	$8,040 +2%
2020	$252	$7,880
2019	$252 -21.1%	$7,880
2018	$319 -45.1%	$7,880
2017	$582 +95.3%	$7,880 -10%
2016	$298 -38.2%	$8,760
2014	$482	$8,760
2013	--	$8,760 -42.1%
2012	--	$15,120
2011	--	$15,120
2010	--	$15,120 -17.1%
2009	--	$18,240 +19.7%
2008	--	$15,240
2007	--	$15,240
2006	--	$15,240
2005	--	$15,240 +93.4%
2004	--	$7,880
2003	--	$7,880
2002	--	$7,880
2001	--	$7,880 +4.2%
2000	--	$7,560