Attention developers, portfolio builders, and scaling investors! This is an exceptional opportunity to acquire instant residential scale in the high-demand 38106 redevelopment corridor. Positioned strategically right off the South Third Street and South Parkway arteries, this structured package features one existing single-family residence paired with five vacant residential infill lots located at 276 Olmstead, 279 Olmstead, 278 E. Essex, 284 E. Essex & 286 E. Essex. No signs. No showings until an accepted offer is in place. Buyer to verify all information. Property is being sold as-is with no repairs by seller.
For sale
$231,000
287 Olmstead Ave, Memphis, TN 38106
3beds
1,610sqft
Single Family Residence
Built in 1939
4,791 Square Feet Lot
$-- Zestimate®
$143/sqft
$-- HOA
What's special
Existing single-family residence
- 28 days
- 52
- 2
Zillow last checked:
Listing updated:
Listed by:
Mae Stanton,
KAIZEN Realty, LLC 901-221-4041
Source: MAAR,MLS#: 10230379
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Dimensions: 0 x 0
Dining room
- Features: Separate Dining Room
- Dimensions: 0 x 0
Kitchen
- Features: Eat-in Kitchen
Living room
- Features: Separate Living Room, Separate Den
- Dimensions: 0 x 0
Den
- Dimensions: 0 x 0
Heating
- Central
Cooling
- Central Air
Features
- Full Bath Down, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
- Flooring: Part Carpet
- Windows: Wood Frames
- Has fireplace: No
Interior area
- Total interior livable area: 1,610 sqft
Property
Parking
- Parking features: Driveway/Pad
- Has uncovered spaces: Yes
Features
- Stories: 1
- Patio & porch: Porch
- Pool features: None
- Fencing: Chain Link
Lot
- Size: 4,791 Square Feet
- Dimensions: 59 x 91
- Features: Level
Details
- Parcel number: 035101 00005
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other (See Remarks)
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Slab
Condition
- New construction: No
- Year built: 1939
Community & HOA
Community
- Subdivision: Rayburn Ave Blk E
Location
- Region: Memphis
Financial & listing details
- Price per square foot: $143/sqft
- Tax assessed value: $40,700
- Annual tax amount: $537
- Price range: $231K - $231K
- Date on market: 9/14/2026
- Cumulative days on market: 28 days
Estimated market value
Not available
Estimated sales range
Not available
$1,179/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/14/2026 | Listed for sale | $231,000$143/sqft |
Source:  MAAR #10230379 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $536 +15.1% | $10,175 +43.8% |
| 2024 | $466 +8.1% | $7,075 |
| 2023 | $431 | $7,075 |
| 2022 | -- | $7,075 |
| 2021 | -- | $7,075 +22.5% |
| 2020 | $185 | $5,775 |
| 2019 | $185 -21.1% | $5,775 |
| 2018 | $234 -45.1% | $5,775 |
| 2017 | $426 +158.5% | $5,775 +19.1% |
| 2016 | $165 -12.4% | $4,850 |
| 2014 | $188 | $4,850 |
| 2013 | -- | $4,850 -17.8% |
| 2012 | -- | $5,900 |
| 2011 | -- | $5,900 |
| 2010 | -- | $5,900 |
| 2009 | -- | $5,900 -10.9% |
| 2008 | -- | $6,625 |
| 2007 | -- | $6,625 |
| 2006 | -- | $6,625 |
| 2005 | -- | $6,625 -5.4% |
| 2004 | -- | $7,000 |
| 2003 | -- | $7,000 |
| 2002 | -- | $7,000 |
| 2001 | -- | $7,000 -4.8% |
| 2000 | -- | $7,350 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Downtown
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