GREAT LOCATION - LESS THAN 2 MILES FROM UNIVERSITY OF MEMPHIS !!!
See photos.
3168 Ruby Cove, Memphis, TN 38111
Brick SFH | 2 Bed | 1 Bath | 1,170 SF
GREAT INVESTMENT AREA. Comps are HIGH (See below). LOT of rehabs taking place in the surrounding area. Investors are putting money into these homes - long-term appreciation
Nearby 2-bedroom comps shown:
586 S Holmes St — $199,000
3687 Carnes Ave — $195,000
3549 Marion Ave — $167,900
ARV: approximately $187,300
"TEXT ME" if interested. I respond best via TEXT.
The house is currently configured as a 2-bedroom, but at 1,170 square feet, there is plenty of room to increase the bedroom count. The home was originally a 3-bedroom, but years ago the wall to the third bedroom was removed to enlarge the den. That space could potentially be converted back into a third bedroom, and depending on layout, there may even be an opportunity to create a fourth.
Property highlights:
Brick home
Roof: approximately 6–7 years old
HVAC: approximately 6–7 years old
Water heater: brand new
Foundation is good
No known leaks
No known mold
Laundry room has been added
Close to the University of Memphis
Current tenant would LOVE to stay. You could possibly work it out with tenant to raise the rent a bit. Just buy and hold. Your choice.
This is the kind of property you buy, improve, rent and hold while the neighborhood continues to develop. Actually, the house is fine the way it is. You can just buy and hold. No "need" to update anything yet. Save your money.
"TEXT ME" if interested. I respond best via TEXT.
For sale by owner
$96,500
3168 Ruby Cv, Memphis, TN 38111
2beds
1,170sqft
SingleFamily
Built in 1951
6,534 Square Feet Lot
$-- Zestimate®
$82/sqft
$-- HOA
What's special
Brick home
- 9 days
- 345
- 16
Listed by:
Property Owner (678) 773-8444
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Other
Cooling
- Central
Features
- Basement: Partially finished
- Has fireplace: Yes
Interior area
- Total interior livable area: 1,170 sqft
Property
Parking
- Parking features: Carport, Garage - Detached
Features
- Exterior features: Brick
Lot
- Size: 6,534 Square Feet
Details
- Parcel number: 05906400013
Construction
Type & style
- Home type: SingleFamily
Materials
- masonry
- Foundation: Crawl/Raised
- Roof: Composition
Condition
- New construction: No
- Year built: 1951
Community & HOA
Location
- Region: Memphis
Financial & listing details
- Price per square foot: $82/sqft
- Tax assessed value: $82,000
- Annual tax amount: $1,081
- Date on market: 10/9/2026
Estimated market value
Not available
Estimated sales range
Not available
$945/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/9/2026 | Listed for sale | $96,500+60.8%$82/sqft |
Source: Owner Report a problem | ||
| 7/25/2018 | Sold | $60,000+232.2%$51/sqft |
Source: Public Record Report a problem | ||
| 3/21/2016 | Sold | $18,064-30.5%$15/sqft |
Source: | ||
| 1/30/2016 | Price change | $26,000+4%$22/sqft |
Source: Hayes Homes and Realty, Inc #9966502 Report a problem | ||
| 12/5/2015 | Listed for sale | $25,000-40.2%$21/sqft |
Source: Hayes Homes and Realty, Inc #9966502 Report a problem | ||
| 1/29/2002 | Sold | $41,781$36/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,081 +13.9% | $20,500 +42.4% |
| 2024 | $948 +8.1% | $14,400 |
| 2023 | $877 | $14,400 |
| 2022 | -- | $14,400 |
| 2021 | -- | $14,400 +21.3% |
| 2020 | $380 | $11,875 |
| 2019 | $380 -21.1% | $11,875 |
| 2018 | $481 -45.1% | $11,875 |
| 2017 | $877 +118.5% | $11,875 +0.6% |
| 2016 | $401 -12.6% | $11,800 |
| 2014 | $459 | $11,800 |
| 2013 | -- | $11,800 -18.1% |
| 2012 | -- | $14,400 |
| 2011 | -- | $14,400 |
| 2010 | -- | $14,400 |
| 2009 | -- | $14,400 -5% |
| 2008 | -- | $15,150 |
| 2007 | -- | $15,150 |
| 2006 | -- | $15,150 |
| 2005 | -- | $15,150 +7.4% |
| 2004 | -- | $14,100 |
| 2003 | -- | $14,100 |
| 2002 | -- | $14,100 |
| 2001 | -- | $14,100 +15.8% |
| 2000 | -- | $12,175 |
Find assessor info on the county website
Monthly payment
Est. payment




