For sale

$150,000

3123 Danville Rd, Memphis, TN 38118

4beds

1,445sqft

$1,106/mo

Get pre-qualified

Single Family Residence

Built in 1960

8,060 Square Feet Lot

$143,000 Zestimate^®

$104/sqft

$-- HOA

What's special

Brick exteriorCentral heat and air

3123 Danville Rd, Memphis, TN — Turnkey Investment Property, Cash-Flowing Now Ready-to-own investment opportunity in Memphis! This brick, low-maintenance home is currently occupied by a long-term, reliable tenant paying $1,000/month, offering immediate cash flow from day one. Durable brick exterior means less upkeep and lower long-term maintenance costs, while central heat and air adds year-round comfort and tenant appeal. Ideal for buy-and-hold investors looking to add a stable, income-producing asset to their portfolio without any vacancy downtime. Property Highlights: Long-term tenant in place at $1,000/month Brick exterior — low maintenance Central heat and air Immediate rental income for investment buyers Cash or conventional financing only — no seller or creative financing available. Due to the occupied status, no showings will be conducted without an accepted offer. Buyers should submit offers based on provided property details, comps, and exterior/drive-by only.

45 days
111
4

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 1
1/2 bathrooms: 1

Primary bedroom

Width: 0

Dining room

Width: 0

Living room

Features: Separate Living Room
Width: 0

Den

Width: 0

Heating

Central

Cooling

Central Air

Features

All Bedrooms Down, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
Flooring: Part Hardwood
Basement: Crawl Space
Has fireplace: No

Interior area

Total interior livable area: 1,445 sqft

Property

Parking

Total spaces: 1
Parking features: Driveway/Pad
Covered spaces: 1
Has uncovered spaces: Yes

Features

Stories: 1
Pool features: None

Lot

Size: 8,060 Square Feet
Dimensions: 62 x 130
Features: Level

Details

Parcel number: 073058 00015

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence

Materials

Brick Veneer
Roof: Composition Shingles

Condition

New construction: No
Year built: 1960

Community & HOA

Community

Security: Wrought Iron Security Drs
Subdivision: Winchester Heights 3rd Addn

Location

Region: Memphis

Financial & listing details

Price per square foot: $104/sqft
Tax assessed value: $109,200
Annual tax amount: $1,439
Price range: $150K - $150K
Date on market: 8/18/2026
Listing terms: Conventional

Estimated market value

$143,000

$136,000 - $150,000

$1,462/mo

Price history

Date	Event	Price
8/18/2026	Listed for sale	$150,000+206.1%$104/sqft
Source: MAAR #10228622 Report a problem
6/28/2006	Sold	$49,000-3.1%$34/sqft
Source: Public Record Report a problem
3/28/2006	Sold	$50,577$35/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,439 +15.3%	$27,300 +44.1%
2024	$1,248 +8.1%	$18,950
2023	$1,154	$18,950
2022	--	$18,950
2021	--	$18,950 +30.2%
2020	$465	$14,550
2019	$465 -21.1%	$14,550
2018	$589 -45.1%	$14,550
2017	$1,074 +124.4%	$14,550 +3.4%
2016	$479 -13%	$14,075
2014	$550	$14,075
2013	--	$14,075 -18.4%
2012	--	$17,250
2011	--	$17,250
2010	--	$17,250
2009	--	$17,250 -5.6%
2008	--	$18,275
2007	--	$18,275
2006	--	$18,275
2005	--	$18,275 +14.6%
2004	--	$15,950
2003	--	$15,950
2002	--	$15,950
2001	--	$15,950 +3.1%
2000	--	$15,475