For sale

$250,000

3334 Fairbanks St, Memphis, TN 38128

6beds

3,323sqft

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Duplex

Built in 1974

-- sqft lot

$235,300 Zestimate^®

$75/sqft

$-- HOA

What's special

Spacious duplex investment opportunity in the Raleigh area featuring two units, each offering 3 bedrooms and 2 baths. Current scheduled monthly income is $2,600. Both units are tenant occupied — please do not disturb tenants. Great opportunity for investors looking to expand their portfolio with additional duplexes coming available soon in the area. Conveniently located near shopping, dining, and major commuter routes. Working on updates for the property in the next couple of weeks.

71 days

273

22

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 4
Full bathrooms: 4

Heating

Central

Cooling

Central Air

Appliances

Included: Gas Water Heater

Features

LR/DR Combination, Square Feet Source:AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
Flooring: Part Carpet
Number of fireplaces: 2

Interior area

Total interior livable area: 3,323 sqft

Property

Parking

Parking features: Driveway/Pad
Has uncovered spaces: Yes

Features

Stories: 1.5
Pool features: None

Lot

Size: 0.3 Acres
Dimensions: 87 x 148
Features: Level

Details

Parcel number: 085005 00021

Construction

Type & style

Home type: MultiFamily
Architectural style: Soft Contemporary
Property subtype: Duplex

Materials

Wood/Composition
Foundation: Slab
Roof: Composition Shingles

Condition

Year built: 1974

Community & HOA

Community

Subdivision: Raleigh Heights Rev Sec A

Location

Region: Memphis

Financial & listing details

Price per square foot: $75/sqft
Tax assessed value: $217,500
Annual tax amount: $4,585
Date on market: 5/8/2026
Listing terms: Conventional,FHA
Lease term: 12 Months
Total actual rent: 2600
Tenant pays: All Utilities

Estimated market value

$235,300

$224,000 - $247,000

$1,420/mo

Price history

Date	Event	Price
5/8/2026	Listed for sale	$250,000+16.3%$75/sqft
Source: MAAR #10221153 Report a problem
9/6/2024	Listing removed	$215,000-8.5%$65/sqft
Source: MAAR #10176049 Report a problem
7/2/2024	Listed for sale	$235,000+174.9%$71/sqft
Source: MAAR #10176049 Report a problem
2/7/2001	Sold	$85,500+26.7%$26/sqft
Source: Public Record Report a problem
7/19/2000	Sold	$67,500-37%$20/sqft
Source: Public Record Report a problem
5/12/2000	Sold	$107,071-35.1%$32/sqft
Source: Public Record Report a problem
5/29/1998	Sold	$165,000$50/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,586 +92.8%	$87,000 +140.9%
2024	$2,379 +8.1%	$36,120
2023	$2,200	$36,120
2022	--	$36,120
2021	--	$36,120 +23.9%
2020	$932	$29,160
2019	$932 -21.1%	$29,160
2018	$1,181 -45.1%	$29,160
2017	$2,152 +99.8%	$29,160 -8%
2016	$1,077 -50.7%	$31,680
2014	$2,185	$31,680
2013	--	$31,680 -53.8%
2012	--	$68,520
2011	--	$68,520
2010	--	$68,520
2009	--	$68,520 +46.8%
2008	--	$46,680
2007	--	$46,680
2006	--	$46,680
2005	--	$46,680 -2.8%
2004	--	$48,000
2003	--	$48,000 -30.6%
2002	--	$69,200
2001	--	$69,200 +65.7%
2000	--	$41,760

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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