Motivated Seller – Bank Owned REO! Investors, here’s your chance to grab a property priced well below market value. This historic 1912 home offers 3,799 sq ft with 8 bedrooms and 2.5 baths, just minutes from the University of Memphis. With endless renovation opportunity, this property is a blank canvas ready for transformation. Perfect for student housing, group housing potential, or even multi-family conversion (buyer to verify), the income-producing potential and high ROI are hard to ignore. Bring your contractor and vision—this home will require a full renovation, but the upside is tremendous. Appraised at $300,000+, now listed at only $140,901—this is a rare opportunity you don’t want to miss. Utilities are off and will not be turned on for inspections. All room dimensions are estimates only. Buyer to verify zoning and future use. Some photos have been enhanced by AI.
Closed
$116,000
3397 Southern Ave, Memphis, TN 38111
8beds
3,748sqft
Single Family Residence, Residential
Built in 1912
0.27 Acres Lot
$205,700 Zestimate®
$31/sqft
$1,586 Estimated rent
Home value
$205,700
$152,000 - $261,000
$1,586/mo
Zestimate® history
Owner options
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$1,586/mo
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$1,586/mo
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$583/mo
Est. payment
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$583/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listing Provided by:
Kenya Johnson 228-239-0367,
901, REALTORS
Bought with:
Venytra Stephens
Keller Williams Realty
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3059337
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Den
- Area: 130 Square Feet
- Dimensions: 10x13
Heating
- Other
Cooling
- Other
Features
- Flooring: Other
Interior area
- Total structure area: 3,748
- Total interior livable area: 3,748 sqft
Property
Parking
- Parking features: Parking Pad
- Has uncovered spaces: Yes
Features
- Levels: Three Or More
- Stories: 3
Lot
- Size: 0.27 Acres
- Dimensions: 84 x 140
Details
- Parcel number: 045110 00064
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Single Family Residence, Residential
Condition
- New construction: No
- Year built: 1912
Community & neighborhood
Location
- Region: Memphis
- Subdivision: Neighborhood: 00715b01 /Ss Southern Ave Cor S Pre
Price history
| Date | Event | Price |
|---|---|---|
| 12/4/2025 | Sold | $116,000-17.7%$31/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #3059337 Report a problem | ||
| 11/22/2025 | Pending sale | $140,901$38/sqft |
Source:  MAAR #10202492 Report a problem | ||
| 9/13/2025 | Price change | $140,901-11.9%$38/sqft |
Source: MAAR #10202492 Report a problem | ||
| 7/31/2025 | Listed for sale | $160,000-23.8%$43/sqft |
Source: MAAR #10202492 Report a problem | ||
| 7/25/2025 | Sold | $210,000+50%$56/sqft |
Source: Public Record Report a problem | ||
| 1/24/2024 | Sold | $140,000+723.5%$37/sqft |
Source: Public Record Report a problem | ||
| 5/1/2013 | Sold | $17,000+6.3%$5/sqft |
Source: MAAR #3265848 Report a problem | ||
| 3/30/2013 | Price change | $16,000-26.9%$4/sqft |
Source: Chase Fair Realty #3265848 Report a problem | ||
| 2/25/2013 | Listed for sale | $21,900-79.8%$6/sqft |
Source: Chase Fair Realty #3265848 Report a problem | ||
| 1/29/2013 | Sold | $108,517+55%$29/sqft |
Source: Public Record Report a problem | ||
| 7/19/2004 | Sold | $70,000$19/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,801 +36.8% | $34,175 +70.9% |
| 2024 | $1,317 +8.1% | $20,000 |
| 2023 | $1,218 | $20,000 |
| 2022 | -- | $20,000 |
| 2021 | -- | $20,000 +48.1% |
| 2020 | $431 | $13,500 |
| 2019 | $431 -21.1% | $13,500 |
| 2018 | $547 -45.1% | $13,500 |
| 2017 | $996 +73.2% | $13,500 -20.2% |
| 2016 | $575 -11.8% | $16,925 |
| 2014 | $652 | $16,925 |
| 2013 | -- | $16,925 -17.2% |
| 2012 | -- | $20,450 |
| 2011 | -- | $20,450 |
| 2010 | -- | $20,450 |
| 2009 | -- | $20,450 |
| 2008 | -- | $20,450 |
| 2007 | -- | $20,450 |
| 2006 | -- | $20,450 |
| 2005 | -- | $20,450 -1.2% |
| 2004 | -- | $20,700 |
| 2003 | -- | $20,700 |
| 2002 | -- | $20,700 |
| 2001 | -- | $20,700 +9.7% |
| 2000 | -- | $18,875 |
Find assessor info on the county website
Neighborhood: East Memphis-Colonial-Yorkshire
Nearby schools
GreatSchools rating
- 4/10Sherwood Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 5/10Sherwood Middle SchoolGrades: 6-8Distance: 1 mi
- 3/10Melrose High SchoolGrades: 9-12Distance: 1.2 mi
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$205,700
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$209,814
- Tennessee
- Shelby County
- Memphis
- 38111
- East Memphis-Colonial-Yorkshire
- 3397 Southern Ave
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- East Memphis-Colonial-Yorkshire Real estate
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