Excellent investment opportunity with this 4 plex that is 100% occupied with extremely low turnover. All units have central HVAC. Sewer line, water line, and two of the four water heaters have been replaced in the last two years. 1 two bed/1 bath unit downstairs, and 2 1 bed/1 bath units upstairs. Rents are $3,100/month. Owner pays for water. Owner agent.
For sale
$325,000
3062 Park Ave, Memphis, TN 38111
--beds
--baths
3,178sqft
Multi Family
Built in 1940
-- sqft lot
$311,900 Zestimate®
$102/sqft
$-- HOA
What's special
- 17 days
- 66
- 0
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Alissa Fowler,
CrestCore Realty MphsBrokerage 901-385-3119
Source: MAAR,MLS#: 10231873
Facts & features
Interior
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Gas Water Heater
- Laundry: None
Features
- Square Feet Source:AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
- Flooring: Hardwood, Partial Carpet
- Basement: Crawl Space
Interior area
- Total interior livable area: 3,178 sqft
Property
Parking
- Parking features: Attached, Concrete
Features
- Stories: 2
Lot
- Size: 8,200 Square Feet
- Dimensions: 50 x 164
Details
- Parcel number: 045078 00054
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood/Composition
- Roof: Composition
Condition
- Year built: 1940
Community & HOA
Community
- Subdivision: Park Ave Terrace
Location
- Region: Memphis
Financial & listing details
- Price per square foot: $102/sqft
- Tax assessed value: $199,100
- Annual tax amount: $4,197
- Date on market: 10/6/2026
- Listing terms: Conventional
- Lease term: 12 Months
- Total actual rent: 37200
- Tenant pays: Electricity, Gas, Heating, Some Utilities, Trash Collection
Estimated market value
$311,900
$296,000 - $327,000
$1,271/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/6/2026 | Listed for sale | $325,000+68.8%$102/sqft |
Source:  MAAR #10231873 Report a problem | ||
| 1/30/2024 | Sold | $192,500$61/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,198 +321.6% | $79,640 +426.7% |
| 2024 | $996 +8.1% | $15,120 |
| 2023 | $921 | $15,120 |
| 2022 | -- | $15,120 |
| 2021 | -- | $15,120 -5.5% |
| 2020 | $511 | $16,000 |
| 2019 | $511 -21.1% | $16,000 |
| 2018 | $648 -12.2% | $16,000 +60% |
| 2017 | $738 +102.9% | $10,000 -6.5% |
| 2016 | $364 -11% | $10,700 |
| 2014 | $409 | $10,700 |
| 2013 | -- | $10,700 -16.6% |
| 2012 | -- | $12,825 |
| 2011 | -- | $12,825 |
| 2010 | -- | $12,825 |
| 2009 | -- | $12,825 |
| 2008 | -- | $12,825 |
| 2007 | -- | $12,825 |
| 2006 | -- | $12,825 |
| 2005 | -- | $12,825 -22.6% |
| 2004 | -- | $16,575 |
| 2003 | -- | $16,575 |
| 2002 | -- | $16,575 |
| 2001 | -- | $16,575 +35% |
| 2000 | -- | $12,275 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Colonial-Yorkshire
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