Lot/land

$49,900

229 Leath St, Memphis, TN 38105

--beds

--baths

4,356Square Feet

Unimproved Land

Built in ----

4,356 Square Feet Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Build your next project in the heart of the Medical District! This vacant, flat, cleared lot is ready for new construction and located within the Memphis Medical District Collaborative focus area. Surrounded by hospitals, campuses, and ongoing redevelopment, this is an ideal spot for a single-family home, duplex, or small infill project. Utilities are available at the street. Investors, builders, and developers—don’t miss the chance to take advantage of potential grants, incentives, and advantageous new-construction financing that may be available in this zone. Drive by and envision the potential for your next high-return yield project! Seller owns many properties and is open to discounts for creative package deals. Owner financing available. Please ask listing agent for details.

235 days

22

2

Facts & features

Property

Features

Fencing: Fenced

Lot

Size: 4,356 Square Feet
Dimensions: 50.5 x 95
Features: Curbs and Gutters, Sidewalk, City Lot, Regular
Topography: Level

Details

Parcel number: 051005 00006
Zoning: R-6
Zoning description: Adjacent Area: Multi-Family,Single Family

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Other (See REMARKS)

Community & HOA

Community

Features: Garbage Pickup
Subdivision: Mckinney

Location

Region: Memphis

Financial & listing details

Tax assessed value: $7,500
Annual tax amount: $790
Date on market: 11/14/2025
Cumulative days on market: 231 days
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

$1,284/mo

Price history

Date	Event	Price
2/6/2026	Price change	$49,900-16.5%
Source: MAAR #10209683 Report a problem
1/20/2026	Price change	$59,750-0.4%
Source: MAAR #10209683 Report a problem
12/9/2025	Price change	$60,000-14.3%
Source: MAAR #10209683 Report a problem
11/14/2025	Listed for sale	$70,000+100%
Source: MAAR #10209683 Report a problem
10/5/2023	Sold	$35,000
Source: Public Record Report a problem
8/23/2018	Listing removed	$550
Source: LUBIN PROPERTY MANAGEMENT Report a problem
6/15/2018	Listed for rent	$550
Source: LUBIN PROPERTY MANAGEMENT Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$99 -87.5%	$1,875 -84.4%
2024	$790 +8.1%	$12,000
2023	$731	$12,000
2022	--	$12,000
2021	--	$12,000 +154%
2020	$151	$4,725
2019	$151 -21.1%	$4,725
2018	$191 -45.1%	$4,725
2017	$349 +39.6%	$4,725 -35.7%
2016	$250 -12.4%	$7,350
2014	$285	$7,350
2013	--	$7,350 -17.9%
2012	--	$8,950
2011	--	$8,950
2010	--	$8,950
2009	--	$8,950 +26.1%
2008	--	$7,100
2007	--	$7,100 -48.6%
2006	--	$13,825
2005	--	$13,825 +289.4%
2004	--	$3,550
2003	--	$3,550
2002	--	$3,550
2001	--	$3,550 -59.9%
2000	--	$8,850

Find assessor info on the county website

Monthly payment

Estimated monthly payment$1,822

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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