High-yield triplex on a rare ~½ acre lot on the West edge of Berclair with development potential! This income-producing property offers strong in-place cash flow with immediate upside. Current rents total $2,975/month with room to increase to $3,200+, & additional NOI available through utility billback. Flexible month-to-month leases allow for quick repositioning or owner occupant. 2BR/2BA down unit with central HVAC, 1BR/1BA up unit, & a renovated 2BR/1BA guest house,+ garage & storage. Main house could convert to single family. Recent improvements include exterior paint, double pain windows, roof on rear unit, & interior paint & updates. All units have their own laundry & all appliances are included. Zoned 3–4 family with lots of land to expand & park--rare opportunity for added value. Ideal for investors seeking solid returns today with clear path to ~11% cap. Sqft does not include guest house. Opportunities like this are getting harder to find! Do not disturb tenants. Owner agent.
Sold for $245,000
Zestimate®
$245,000
3520 Faxon Ave, Memphis, TN 38122
--beds
--baths
2,832sqft
Multi Family
Built in 1920
-- sqft lot
$245,000 Zestimate®
$87/sqft
$1,024 Estimated rent
Home value
$245,000
$233,000 - $257,000
$1,024/mo
Zestimate® history
Owner options
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Garage and storageCentral hvac
Zillow last checked:
Listing updated:
Listed by:
Tim Tanner,
Crye-Leike, Inc., REALTORS
Bought with:
Jordan U Schieffler
Ware Jones, REALTORS
Source: MAAR,MLS#: 10219499
Facts & features
Interior
Heating
- Central, Wall Furnace, Other (See Remarks)
Cooling
- Central Air, 2+ Window Units per Unit
Appliances
- Included: Refrigerator, Range/Oven (Freestanding), Disposal, Dishwasher, Exhaust Fan/Vent Hood
- Laundry: Dryer in Unit, Washer in Unit
Features
- High Ceilings, Square Feet Source:AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
- Flooring: Hardwood, Tile, Wood Laminate Floors
- Basement: Crawl Space,Partial
Interior area
- Total interior livable area: 2,832 sqft
Property
Parking
- Parking features: Gravel, Offsite/Street, Detached
- Has uncovered spaces: Yes
Features
- Stories: 2
- Exterior features: Sidewalks, Other (See Remarks)
- Fencing: Chain Link
Lot
- Size: 0.46 Acres
- Dimensions: 100 x 200
Details
- Parcel number: 038063 00034
- Zoning: 3-4
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood/Composition, Other
- Foundation: Slab
- Roof: Shingle/Shake
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Memphis
- Subdivision: Highland Heights Blk 19
HOA & financial
Other financial information
- Total actual rent: 35400
Other
Other facts
- Listing terms: Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 5/28/2026 | Sold | $245,000-7.5%$87/sqft |
Source:  MAAR #10219499 Report a problem | ||
| 5/12/2026 | Pending sale | $264,800$94/sqft |
Source: MAAR #10219499 Report a problem | ||
| 4/21/2026 | Price change | $264,8000%$94/sqft |
Source: MAAR #10219499 Report a problem | ||
| 4/17/2026 | Listed for sale | $264,900+36.5%$94/sqft |
Source: MAAR #10219499 Report a problem | ||
| 11/22/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 11/14/2023 | Listed for rent | $975+21.9% |
Source: Zillow Rentals Report a problem | ||
| 6/29/2022 | Sold | $194,000+22%$69/sqft |
Source: Public Record Report a problem | ||
| 5/30/2019 | Sold | $159,070-14%$56/sqft |
Source: MAAR #10042846 Report a problem | ||
| 2/26/2019 | Price change | $185,000-5.1%$65/sqft |
Source: Crye-Leike, Inc., REALTORS #10042846 Report a problem | ||
| 1/16/2019 | Price change | $195,000-2.5%$69/sqft |
Source: Crye-Leike, Inc., REALTORS #10042846 Report a problem | ||
| 12/21/2018 | Listed for sale | $200,000+163.2%$71/sqft |
Source: Crye-Leike, Inc., REALTORS #10042846 Report a problem | ||
| 6/16/2018 | Listing removed | $800 |
Source: Owner Report a problem | ||
| 6/13/2018 | Listed for rent | $800 |
Source: Owner Report a problem | ||
| 11/30/2016 | Sold | $76,000-10.5%$27/sqft |
Source: MAAR #9985722 Report a problem | ||
| 9/5/2016 | Listed for sale | $84,900+21.3%$30/sqft |
Source: Crestcore Realty, LLC #9985722 Report a problem | ||
| 11/11/2012 | Listing removed | $70,000$25/sqft |
Source: All Stars Realty #3173055 Report a problem | ||
| 11/29/2010 | Price change | $70,000+7.7%$25/sqft |
Source: All Stars Realty #3173055 Report a problem | ||
| 10/20/2010 | Price change | $65,000-7.1%$23/sqft |
Source: The Driver Team, LLC dba All Stars Realty #3173055 Report a problem | ||
| 10/1/2010 | Price change | $70,000-6.7%$25/sqft |
Source: The Driver Team #3173055 Report a problem | ||
| 5/29/2010 | Price change | $75,000-6.3%$26/sqft |
Source: The Driver Team, LLC dba All Stars Realty #3173055 Report a problem | ||
| 7/4/2009 | Price change | $80,000-5.9%$28/sqft |
Source: The Driver Team, LLC dba RE/MAX All Stars #3173055 Report a problem | ||
| 6/8/2009 | Listed for sale | $85,000+0.4%$30/sqft |
Source: The Driver Team, LLC dba RE/MAX All Stars #3173055 Report a problem | ||
| 7/12/2006 | Sold | $84,700+29.3%$30/sqft |
Source: Public Record Report a problem | ||
| 8/5/1996 | Sold | $65,500$23/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,822 +110.6% | $91,480 +163.2% |
| 2024 | $2,289 +8.1% | $34,760 |
| 2023 | $2,117 | $34,760 |
| 2022 | -- | $34,760 |
| 2021 | -- | $34,760 -1.6% |
| 2020 | $1,129 | $35,320 |
| 2019 | $1,129 -21.1% | $35,320 |
| 2018 | $1,430 -45.1% | $35,320 |
| 2017 | $2,607 +86.1% | $35,320 -14.3% |
| 2016 | $1,401 -2.6% | $41,200 |
| 2014 | $1,438 | $41,200 -14.3% |
| 2013 | -- | $48,080 +6.7% |
| 2012 | -- | $45,080 |
| 2011 | -- | $45,080 |
| 2010 | -- | $45,080 +33.1% |
| 2008 | -- | $33,880 +60% |
| 2007 | -- | $21,175 |
| 2006 | -- | $21,175 |
| 2005 | -- | $21,175 +16% |
| 2004 | -- | $18,250 |
| 2003 | -- | $18,250 |
| 2002 | -- | $18,250 -25.5% |
| 2001 | -- | $24,500 +71.9% |
| 2000 | -- | $14,250 |
Find assessor info on the county website
Neighborhood: Berclair-Highland Heights
Nearby schools
GreatSchools rating
- 7/10Grahamwood Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 5/10Treadwell Middle SchoolGrades: 6-8Distance: 0.5 mi
- 3/10Kingsbury High SchoolGrades: 9-12Distance: 1.4 mi
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