3 of 4 units rented! Rent is $650/month for all units, plus each tenant pays $150/month towards utilities. The property is a duplex up front (Units 1 and 2) with two ADUs in the rear (3 & 4). Unit 4 was just rehabbed and is ready for leasing now. Unit 3 was just rehabbed when the tenant moved out last year according to owner. Units 1 & 2 were done in 2023 and 2024, so it's ready for several years of profitable ownership for you! Seller is selling to move funds to local market. No seller financing/assignable offers will be accepted. This 4-unit property is located just off of Summer Ave and Sam Cooper Blvd, just E of Midtown - it is proving to be a fantastic area for investors, with stable tenants for the price range, and nice room for appreciation. Small multifamily is rare here, so consider this one if you're interested at all! There may not be another chance for a while once it's gone!
For sale
$199,900
3468 Bowen Ave, Memphis, TN 38122
--beds
--baths
1,296sqft
Multi Family
Built in 1925
-- sqft lot
$-- Zestimate®
$154/sqft
$-- HOA
What's special
- 33 days |
- 69 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Randall C Weatherall,
Memphis Metro Realty 901-352-6200
Source: MAAR,MLS#: 10224308
Facts & features
Interior
Heating
- Other (See Remarks)
Cooling
- 1 Window Unit per Unit, 2+ Window Units per Unit, Central Air
Appliances
- Included: Gas Water Heater
- Laundry: Common Area
Features
- Square Feet Source:AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
- Flooring: Tile, Vinyl, Wood Laminate Floors
- Basement: Crawl Space
Interior area
- Total structure area: 1,296
- Total interior livable area: 1,296 sqft
Property
Parking
- Parking features: Asphalt/Blacktop, Offsite/Street
- Has uncovered spaces: Yes
Features
- Stories: 1.1
Lot
- Size: 10,000 Square Feet
- Dimensions: 50 x 200
Details
- Parcel number: 038040 00022
- Zoning: RU-1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood/Composition
- Roof: Shingle/Shake
Condition
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Highland Heights Blk 14
Location
- Region: Memphis
Financial & listing details
- Price per square foot: $154/sqft
- Tax assessed value: $84,900
- Annual tax amount: $1,790
- Date on market: 6/18/2026
- Listing terms: Conventional,Private Financing Available
- Lease term: 12 Months
- Total actual rent: 23400
- Tenant pays: Some Utilities
Estimated market value
Not available
Estimated sales range
Not available
$1,067/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/18/2026 | Listed for sale | $199,900-3.8%$154/sqft |
Source:  MAAR #10224308 Report a problem | ||
| 3/11/2026 | Listing removed | $207,900$160/sqft |
Source: MAAR #10215772 Report a problem | ||
| 3/3/2026 | Listed for sale | $207,900-1%$160/sqft |
Source: MAAR #10215772 Report a problem | ||
| 9/29/2025 | Listing removed | $210,000$162/sqft |
Source: MAAR #10200309 Report a problem | ||
| 9/8/2025 | Price change | $210,000-12.5%$162/sqft |
Source: MAAR #10200309 Report a problem | ||
| 7/1/2025 | Listed for sale | $239,900-4%$185/sqft |
Source: MAAR #10200309 Report a problem | ||
| 4/26/2025 | Listing removed | $250,000$193/sqft |
Source: MAAR #10183809 Report a problem | ||
| 10/23/2024 | Listed for sale | $250,000-19.4%$193/sqft |
Source: MAAR #10183809 Report a problem | ||
| 8/28/2024 | Listing removed | -- |
Source: MAAR #10159228 Report a problem | ||
| 5/31/2024 | Price change | $310,000-2.8%$239/sqft |
Source: MAAR #10159228 Report a problem | ||
| 4/10/2024 | Listed for sale | $318,900$246/sqft |
Source: MAAR #10159228 Report a problem | ||
| 1/8/2024 | Listing removed | -- |
Source: MAAR #10159228 Report a problem | ||
| 11/16/2023 | Price change | $318,900-0.3%$246/sqft |
Source: MAAR #10159228 Report a problem | ||
| 10/20/2023 | Listed for sale | $319,900+19.4%$247/sqft |
Source: MAAR #10159228 Report a problem | ||
| 3/29/2023 | Sold | $268,000-4.3%$207/sqft |
Source: MAAR #10140957 Report a problem | ||
| 3/22/2023 | Pending sale | $279,900$216/sqft |
Source: MAAR #10140957 Report a problem | ||
| 2/14/2023 | Contingent | $279,900$216/sqft |
Source: MAAR #10140957 Report a problem | ||
| 1/25/2023 | Listed for sale | $279,900+40%$216/sqft |
Source: MAAR #10140957 Report a problem | ||
| 11/23/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 11/18/2022 | Listed for rent | $900$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 10/6/2021 | Sold | $200,000-5.7%$154/sqft |
Source: MAAR #10109202 Report a problem | ||
| 9/24/2021 | Contingent | $212,000$164/sqft |
Source: MAAR #10109202 Report a problem | ||
| 9/22/2021 | Listed for sale | $212,000+202.9%$164/sqft |
Source: MAAR #10109202 Report a problem | ||
| 4/9/2021 | Sold | $70,000+0.7%$54/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #3055916 Report a problem | ||
| 4/6/2021 | Pending sale | $69,500$54/sqft |
Source: MAAR #10095620 Report a problem | ||
| 3/22/2021 | Listed for sale | $69,500+117.2%$54/sqft |
Source: MAAR #10095620 Report a problem | ||
| 5/7/2003 | Sold | $32,000$25/sqft |
Source: Public Record Report a problem | ||
| 4/12/2002 | Sold | $32,000-10.9%$25/sqft |
Source: Public Record Report a problem | ||
| 8/27/2001 | Sold | $35,900-4.9%$28/sqft |
Source: Public Record Report a problem | ||
| 7/27/1994 | Sold | $37,763$29/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,790 +20.5% | $33,960 +50.5% |
| 2024 | $1,486 +8.1% | $22,560 |
| 2023 | $1,374 | $22,560 |
| 2022 | -- | $22,560 |
| 2021 | -- | $22,560 -47% |
| 2020 | $368 | $42,600 +270.4% |
| 2019 | $368 -21.1% | $11,500 |
| 2018 | $466 -45.1% | $11,500 |
| 2017 | $849 +159.4% | $11,500 +19.5% |
| 2016 | $327 -8.8% | $9,625 |
| 2014 | $359 | $9,625 |
| 2013 | -- | $9,625 -14.4% |
| 2012 | -- | $11,250 |
| 2011 | -- | $11,250 +5.6% |
| 2010 | -- | $10,650 |
| 2009 | -- | $10,650 -9.7% |
| 2008 | -- | $11,800 |
| 2007 | -- | $11,800 |
| 2006 | -- | $11,800 |
| 2005 | -- | $11,800 +3.5% |
| 2004 | -- | $11,400 |
| 2003 | -- | $11,400 |
| 2002 | -- | $11,400 |
| 2001 | -- | $11,400 +3.2% |
| 2000 | -- | $11,050 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Berclair-Highland Heights
Nearby schools
GreatSchools rating
- 3/10Treadwell Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 5/10Treadwell Middle SchoolGrades: 6-8Distance: 0.3 mi
- 3/10Kingsbury High SchoolGrades: 9-12Distance: 1.4 mi
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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