For sale

Price cut: $5K (7/10)

$80,000

3240 N Watkins St, Memphis, TN 38127

3beds

1,600sqft

$568/mo

Get pre-qualified

Single Family Residence

Built in 1940

7,405 Square Feet Lot

$-- Zestimate^®

$50/sqft

$-- HOA

What's special

Secure fenced lotNew roofWater heaterUpdated electrical systemNew exterior doorHvac systemWooden deck

Great opportunity! This property is currently zoned for commercial use and is ready to operate, but it can be converted to residential use by making interior modifications to meet residential code requirements. This property already features many important updates, including a new roof, HVAC system, water heater, fresh interior and exterior paint, an updated electrical system with new interior light fixtures, a new exterior door, a secure fenced lot, and a wooden deck.

146 days
146
10

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
1/2 bathrooms: 2

Primary bedroom

Width: 0

Dining room

Width: 0

Living room

Width: 0

Den

Width: 0

Heating

Central

Cooling

Central Air

Appliances

Included: Gas Water Heater, Other (See REMARKS)

Features

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

Interior area

Total interior livable area: 1,600 sqft

Property

Parking

Parking features: Driveway/Pad
Has uncovered spaces: Yes

Features

Stories: 1
Patio & porch: Deck
Pool features: None
Fencing: Wood,Brick/Iron Fenced,Wood Fence

Lot

Size: 7,405 Square Feet
Dimensions: 60 x 126

Details

Parcel number: 072017 00021

Construction

Type & style

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

Materials

Vinyl Siding
Roof: Composition Shingles

Condition

New construction: No
Year built: 1940

Community & HOA

Community

Subdivision: Thrift Farm

Location

Region: Memphis

Financial & listing details

Price per square foot: $50/sqft
Tax assessed value: $34,300
Annual tax amount: $622
Price range: $80K - $80K
Date on market: 4/11/2026
Cumulative days on market: 146 days
Listing terms: Conventional,Lease to Purchase,Other (See REMARKS)

Estimated market value

Not available

Estimated sales range

Not available

$1,228/mo

Price history

Date	Event	Price
7/10/2026	Price change	$80,000-5.9%$50/sqft
Source: MAAR #10219048 Report a problem
4/11/2026	Listed for sale	$85,000+13.3%$53/sqft
Source: MAAR #10219048 Report a problem
1/31/2025	Listing removed	$75,000$47/sqft
Source: MAAR #10184199 Report a problem
12/10/2024	Price change	$75,000-5.1%$47/sqft
Source: MAAR #10184199 Report a problem
10/30/2024	Listed for sale	$79,000+125.7%$49/sqft
Source: MAAR #10184199 Report a problem
9/30/2024	Sold	$35,000+55.6%$22/sqft
Source: Public Record Report a problem
10/18/2021	Sold	$22,500+87.5%$14/sqft
Source: Public Record Report a problem
8/18/2016	Sold	$12,000-70.7%$8/sqft
Source: MAAR #9983445 Report a problem
6/2/1999	Sold	$41,000+78.3%$26/sqft
Source: Public Record Report a problem
6/13/1996	Sold	$23,000$14/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$723 +7.7%	$13,720 +34.5%
2024	$672 +8.1%	$10,200
2023	$621	$10,200
2022	--	$10,200
2021	--	$10,200 +20.9%
2020	$270	$8,440
2019	$270 -21.1%	$8,440
2018	$342 -45.1%	$8,440
2017	$623 +41.8%	$8,440 -34.7%
2016	$439 -13.7%	$12,920
2014	$509	$12,920
2013	--	$12,920 -19%
2012	--	$15,960
2011	--	$15,960
2010	--	$15,960
2009	--	$15,960 +2%
2008	--	$15,640
2007	--	$15,640
2006	--	$15,640
2005	--	$15,640 +55.8%
2004	--	$10,040 +21.3%
2003	--	$8,275
2002	--	$8,275
2001	--	$8,275 -1.8%
2000	--	$8,425