Closed

$100,000

33 E Fernwood Ave, Memphis, TN 38109

4beds

2baths

1,650sqft

Multi Family

Built in 1953

-- sqft lot

$99,800 Zestimate^®

$61/sqft

$1,039 Estimated rent

Home value

$99,800

$94,000 - $107,000

$1,039/mo

Zestimate^® history

Owner options

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$1,039/mo

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$1,039/mo

Rent Zestimate^®

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$503/mo

Est. payment

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$503/mo

Est. payment

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What's special

Investment opportunity. Professionally managed and tenant occupied DUPLEX. Each unit is 2 bedrooms and 1 bathroom and brick exterior (4 bedrooms 2 full bathrooms total). Addresses are 33 & 35 E. Fernwood. The market rent is probably $900 or more per unit ($1800 or more) and the current rent is $1045. Property is fully rented out and professionally managed (leases, ledgers, repair history in place). 100% occupied property. Rents are $550/mo and $495/mo with leases ending 12/31/25 and 8/31/25. One unit was recently rehabbed within the last 12 months. Property has hardwood floors and very convenient location.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2

Heating

Natural Gas

Cooling

Other

Features

Flooring: Carpet

Interior area

Total structure area: 1,650
Total interior livable area: 1,650 sqft

Property

Features

Levels: Three Or More
Stories: 1

Lot

Size: 6,750 Square Feet
Dimensions: 50 x 135

Details

Parcel number: 050059 00006
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Condition

New construction: No
Year built: 1953

Utilities & green energy

Utilities for property: Natural Gas Available

Community & HOA

Community

Subdivision: New South Memphis Blk 34

Location

Region: Memphis

Financial & listing details

Price per square foot: $61/sqft
Tax assessed value: $66,600
Annual tax amount: $1,159
Date on market: 5/7/2025

Price history

Date	Event	Price
10/14/2025	Sold	$100,000-13%$61/sqft
Source: RealTracs MLS as distributed by MLS GRID #3084204 Report a problem
10/1/2025	Pending sale	$115,000$70/sqft
Source: MAAR #10196069 Report a problem
7/10/2025	Price change	$115,000-8%$70/sqft
Source: MAAR #10196069 Report a problem
6/3/2025	Listed for sale	$125,000$76/sqft
Source: MAAR #10196069 Report a problem
5/14/2025	Pending sale	$125,000$76/sqft
Source: MAAR #10196069 Report a problem
5/7/2025	Listed for sale	$125,000+329.6%$76/sqft
Source: MAAR #10196069 Report a problem
9/6/2022	Sold	$29,100-57.8%$18/sqft
Source: Public Record Report a problem
4/18/2022	Sold	$69,000-13.6%$42/sqft
Source: RealTracs MLS as distributed by MLS GRID #3086926 Report a problem
3/24/2022	Pending sale	$79,900$48/sqft
Source: MAAR #10118508 Report a problem
3/1/2022	Listed for sale	$79,900+94.9%$48/sqft
Source: MAAR #10118508 Report a problem
1/27/2011	Sold	$41,000-7.7%$25/sqft
Source: Public Record Report a problem
1/11/2011	Price change	$44,400-0.2%$27/sqft
Source: Cornerstone Real Estate Inc. #3213689 Report a problem
1/8/2011	Price change	$44,500-8.2%$27/sqft
Source: Cornerstone Real Estate Inc. #3213689 Report a problem
12/21/2010	Price change	$48,500-2%$29/sqft
Source: Cornerstone Real Estate Inc. #3213689 Report a problem
12/14/2010	Listed for sale	$49,500+64.5%$30/sqft
Source: Cornerstone Real Estate Inc. #3213689 Report a problem
12/18/2008	Sold	$30,100-29%$18/sqft
Source: Public Record Report a problem
1/24/2007	Sold	$42,400-12.6%$26/sqft
Source: Public Record Report a problem
9/26/2003	Sold	$48,500$29/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,404 +83.2%	$26,640 +128.9%
2024	$767 +8.1%	$11,640
2023	$709	$11,640
2022	--	$11,640
2021	--	$11,640 -27.3%
2020	$320	$16,000 +60%
2019	$320 -21.1%	$10,000
2018	$405 -45.1%	$10,000
2017	$738 +104.3%	$10,000 -5.9%
2016	$361 -16.1%	$10,625
2014	$431	$10,625
2013	--	$10,625 -21.3%
2012	--	$13,500
2011	--	$13,500
2010	--	$13,500
2009	--	$13,500 -4.1%
2008	--	$14,075
2007	--	$14,075
2006	--	$14,075
2005	--	$14,075 +23.2%
2004	--	$11,425
2003	--	$11,425
2002	--	$11,425
2001	--	$11,425 +11.5%
2000	--	$10,250