Sold for $405,000

$405,000

2385 Forrest Ave, Memphis, TN 38112

--beds

--baths

3,990sqft

Multi Family

Built in 1925

-- sqft lot

$401,400 Zestimate^®

$102/sqft

$800 Estimated rent

Home value

$401,400

$373,000 - $429,000

$800/mo

Zestimate^® history

Owner options

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$800/mo

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$800/mo

Rent Zestimate^®

Refinance and save

$2,477/mo

Est. payment

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$2,477/mo

Est. payment

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What's special

Across from overton parkFull kitchenLaundry roomBeautiful hardwood floors

Great investment opportunity across from Overton Park, near Rhodes College and Christian Brothers University! This fourplex is a great opportunity for investors and/or owner occupant. 3 units are leased with upstairs unit #3 available for lease and showings! All units previously renovated and the property has been well maintained throughout the years. Each unit the same with beautiful hardwood floors, den, 1BD/1BA, full kitchen and laundry room. New Roof 2022! Professionally managed and great turnkey opportunity. Please do not disturb tenants! No showings of full property without accepted contract.

Facts & features

Interior

Heating

Central, Natural Gas

Cooling

Central Air, Electric

Appliances

Included: Other (See REMARKS)
Laundry: Connections

Features

Flooring: Hardwood, Tile
Basement: Crawl Space

Interior area

Total interior livable area: 3,990 sqft

Property

Parking

Parking features: Offsite/Street
Has uncovered spaces: Yes

Features

Stories: 2

Lot

Size: 6,625 sqft
Dimensions: 50 x 132.5

Details

Parcel number: 033001 00044

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick Veneer
Roof: Composition

Condition

Year built: 1925

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & neighborhood

Location

Region: Memphis
Subdivision: Misses Hanson

Other

Other facts

Listing terms: Conventional,FHA/VA,Other (Call LA)

Price history

Date	Event	Price
6/20/2025	Sold	$405,000$102/sqft
Source: MAAR #10195571 Report a problem
5/12/2025	Pending sale	$405,000$102/sqft
Source: MAAR #10195571 Report a problem
5/1/2025	Listed for sale	$405,000+22.7%$102/sqft
Source: MAAR #10195571 Report a problem
8/31/2021	Sold	$330,000+560%$83/sqft
Source: RealTracs MLS as distributed by MLS GRID #3114706 Report a problem
1/12/2021	Listing removed	--
Source: MAAR Report a problem
7/20/2020	Listed for rent	$825
Source: BEST Real Estate Company #10081001 Report a problem
2/5/2007	Sold	$50,000-54.7%$13/sqft
Source: Public Record Report a problem
6/20/2006	Sold	$110,350+0.3%$28/sqft
Source: Public Record Report a problem
10/18/2004	Sold	$110,000$28/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,012 -8.4%	$76,120 +14.5%
2024	$4,378 +8.1%	$66,480
2023	$4,050	$66,480
2022	--	$66,480
2021	--	$66,480 +21.7%
2020	$1,746	$54,640
2019	$1,746 -21.1%	$54,640
2018	$2,213 -45.1%	$54,640
2017	$4,033 +147.5%	$54,640 +14%
2016	$1,629 +8%	$47,920
2014	$1,509	$47,920
2013	--	$47,920 +1.3%
2012	--	$47,320
2011	--	$47,320
2010	--	$47,320
2009	--	$47,320 +8.1%
2008	--	$43,760
2007	--	$43,760
2006	--	$43,760
2005	--	$43,760 +4.4%
2004	--	$41,920
2003	--	$41,920
2002	--	$41,920
2001	--	$41,920 +9.2%
2000	--	$38,400