TURNKEY INVESTMENT OPPORTUNITY! This tenant-occupied 2-bedroom, 1-bath home is currently rented for $1,175/month through 03/12/2028, providing immediate rental income with an established tenant already in place. The home offers a functional floor plan and convenient parking, making it a solid addition to an investment portfolio. Whether you’re an experienced investor looking to grow your portfolio or purchasing your first rental property, this income-producing home offers an attractive opportunity at an affordable price point. Please do not disturb the tenant. No showings without an accepted offer. Financials available upon request. No wholesalers, assignments, or creative financing! PROFESSIONALLY MANAGED IN-HOUSE Owner/Agent
For sale
$145,000
2974 Waverly Ave, Memphis, TN 38111
3beds
960sqft
Single Family Residence
Built in 1925
5,662 Square Feet Lot
$-- Zestimate®
$151/sqft
$-- HOA
What's special
Functional floor planConvenient parking
- 238 days
- 41
- 4
Zillow last checked:
Listing updated:
Listed by:
James C Wachob,
Foundation Property Management 901-633-1484
Source: MAAR,MLS#: 10203706
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Dimensions: 0 x 0
Dining room
- Dimensions: 0 x 0
Living room
- Dimensions: 0 x 0
Den
- Dimensions: 0 x 0
Heating
- Other (See REMARKS)
Cooling
- Other (See REMARKS)
Features
- All Bedrooms Down, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
- Has fireplace: No
Interior area
- Total interior livable area: 960 sqft
Property
Parking
- Total spaces: 1
- Parking features: Driveway/Pad
- Covered spaces: 1
- Has uncovered spaces: Yes
Features
- Stories: 1
- Exterior features: Other (See REMARKS)
- Pool features: None
Lot
- Size: 5,662 Square Feet
- Dimensions: 50 x 118
- Features: Level
Details
- Parcel number: 045073 00003
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: F P Mcdonald Lake
Location
- Region: Memphis
Financial & listing details
- Price per square foot: $151/sqft
- Tax assessed value: $40,200
- Annual tax amount: $520
- Price range: $145K - $145K
- Date on market: 1/6/2026
- Cumulative days on market: 292 days
Estimated market value
Not available
Estimated sales range
Not available
$1,129/mo
Price history
| Date | Event | Price |
|---|---|---|
| 1/21/2026 | Listing removed | $1,175$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/8/2026 | Listed for rent | $1,175$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/7/2026 | Listing removed | $1,175$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/7/2026 | Listed for sale | $145,000+123.1%$151/sqft |
Source:  MAAR #10203706 Report a problem | ||
| 11/19/2025 | Price change | $1,175+2.2%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/16/2025 | Listed for rent | $1,150$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/29/2025 | Listing removed | $1,150$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/18/2025 | Listing removed | $65,000$68/sqft |
Source: MAAR #10203706 Report a problem | ||
| 9/18/2025 | Listed for rent | $1,150$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/11/2025 | Price change | $65,000-86.6%$68/sqft |
Source: MAAR #10203706 Report a problem | ||
| 9/4/2025 | Price change | $484,900+275.9%$505/sqft |
Source: MAAR #10203706 Report a problem | ||
| 9/2/2025 | Price change | $129,000-73.4%$134/sqft |
Source: MAAR #10203706 Report a problem | ||
| 8/19/2025 | Listing removed | $1,150$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/15/2025 | Listed for sale | $484,900+784.9%$505/sqft |
Source: MAAR #10203706 Report a problem | ||
| 8/11/2025 | Listed for rent | $1,150$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/17/2025 | Listing removed | $1,150$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/12/2025 | Sold | $54,800+16.6%$57/sqft |
Source: Public Record Report a problem | ||
| 5/26/2025 | Listed for rent | $1,150$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/29/2024 | Sold | $47,000+111.7%$49/sqft |
Source: Public Record Report a problem | ||
| 9/26/2024 | Sold | $22,200$23/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $530 +1.8% | $10,050 +27.2% |
| 2024 | $520 +8.1% | $7,900 |
| 2023 | $481 | $7,900 |
| 2022 | -- | $7,900 |
| 2021 | -- | $7,900 +6.4% |
| 2020 | $237 | $7,425 |
| 2019 | $237 -21.1% | $7,425 |
| 2018 | $301 -45.1% | $7,425 |
| 2017 | $548 +109.4% | $7,425 -3.6% |
| 2016 | $262 -11.7% | $7,700 |
| 2014 | $297 | $7,700 |
| 2013 | -- | $7,700 -17.2% |
| 2012 | -- | $9,300 |
| 2011 | -- | $9,300 |
| 2010 | -- | $9,300 |
| 2009 | -- | $9,300 |
| 2008 | -- | $9,300 |
| 2007 | -- | $9,300 |
| 2006 | -- | $9,300 |
| 2005 | -- | $9,300 -1.6% |
| 2004 | -- | $9,450 |
| 2003 | -- | $9,450 |
| 2002 | -- | $9,450 |
| 2001 | -- | $9,450 +6.2% |
| 2000 | -- | $8,900 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: East Memphis-Colonial-Yorkshire
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