Discover this lucrative cash-flowing duplex in East Memphis, offering a fantastic investment opportunity. Each side features 2 bedrooms and 1 bathroom, with comfortable and large living spaces. The property has been beautifully updated and meticulously maintained, ensuring strong tenant appeal and ease of management. The roof and HVAC system are approximately 5 years old. New windows throughout! Enjoy the large fenced yard—perfect for outdoor activities or tenant enjoyment. This versatile property has successfully operated as both a regularly booked Airbnb and a long-term rental, demonstrating its flexibility and steady income potential. Don't miss out on this prime East Memphis investment! Financial reports with monthly income flow available upon request. Both sides have rented for approximately 1500-1700 a month PER SIDE. .
For sale
Price cut: $15.1K (7/6)
$249,900
38 N Holmes St, Memphis, TN 38111
4beds
1,843sqft
Duplex
Built in 1953
-- sqft lot
$244,100 Zestimate®
$136/sqft
$-- HOA
What's special
Large fenced yardMeticulously maintainedBeautifully updatedNew windows throughout
- 55 days |
- 256 |
- 35 |
Zillow last checked:
Listing updated:
Listed by:
Stephanie M Bennett,
Hobson, REALTORS 901-761-1622,
Jeff Bennett,
Hobson, REALTORS
Source: MAAR,MLS#: 10222027
Loading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central
Cooling
- Central Air
Features
- Separate Dining Room, Separate Living Room, Updated/Renovated Kit
- Flooring: Hardwood, Tile
Interior area
- Total interior livable area: 1,843 sqft
Property
Parking
- Parking features: Driveway/Pad
- Has uncovered spaces: Yes
Features
- Stories: 1
- Pool features: None
- Fencing: Wood
Lot
- Size: 9,000 Square Feet
- Dimensions: 60 x 150
- Features: Other (See Remarks)
Details
- Parcel number: 044048 00035
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Duplex
Materials
- Brick Veneer
Condition
- Year built: 1953
Community & HOA
Community
- Subdivision: Poplar Blvd Terrace Re
Location
- Region: Memphis
Financial & listing details
- Price per square foot: $136/sqft
- Tax assessed value: $130,500
- Annual tax amount: $2,751
- Date on market: 5/20/2026
- Cumulative days on market: 56 days
- Listing terms: Other (See Remarks)
- Lease term: None,Other (Call LA)
Estimated market value
$244,100
$232,000 - $256,000
$1,292/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/6/2026 | Price change | $249,900-5.7%$136/sqft |
Source:  MAAR #10222027 Report a problem | ||
| 5/20/2026 | Listed for sale | $265,000+40.2%$144/sqft |
Source: MAAR #10222027 Report a problem | ||
| 8/26/2022 | Sold | $189,000$103/sqft |
Source: MAAR #10127205 Report a problem | ||
| 7/26/2022 | Pending sale | $189,000$103/sqft |
Source: MAAR #10127205 Report a problem | ||
| 7/15/2022 | Listed for sale | $189,000$103/sqft |
Source: MAAR #10127205 Report a problem | ||
| 6/25/2022 | Pending sale | $189,000$103/sqft |
Source: MAAR #10127205 Report a problem | ||
| 6/24/2022 | Listed for sale | $189,000+478.1%$103/sqft |
Source: MAAR #10127205 Report a problem | ||
| 2/7/2018 | Listing removed | $675 |
Source: Revid Property Management Report a problem | ||
| 12/29/2017 | Listed for rent | $675 |
Source: Revid Property Management Report a problem | ||
| 3/30/2016 | Sold | $32,694-5.2%$18/sqft |
Source: MAAR #9971870 Report a problem | ||
| 3/5/2016 | Listed for sale | $34,500-58.9%$19/sqft |
Source: REALHome Services and Solutions #9971870 Report a problem | ||
| 4/28/2005 | Sold | $84,000+15.1%$46/sqft |
Source: Public Record Report a problem | ||
| 9/25/2000 | Sold | $73,000$40/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,751 +4.9% | $52,200 +31% |
| 2024 | $2,624 +8.1% | $39,840 |
| 2023 | $2,427 | $39,840 +31.1% |
| 2022 | -- | $30,400 |
| 2021 | -- | $30,400 +18% |
| 2020 | $823 | $25,760 |
| 2019 | $823 -21.1% | $25,760 |
| 2018 | $1,043 -45.1% | $25,760 |
| 2017 | $1,901 +97.2% | $25,760 -9.2% |
| 2016 | $964 -12.1% | $28,360 |
| 2014 | $1,097 | $28,360 |
| 2013 | -- | $28,360 -17.6% |
| 2012 | -- | $34,400 |
| 2011 | -- | $34,400 |
| 2010 | -- | $34,400 |
| 2009 | -- | $34,400 +35.2% |
| 2008 | -- | $25,450 |
| 2007 | -- | $25,450 |
| 2006 | -- | $25,450 |
| 2005 | -- | $25,450 +74.3% |
| 2004 | -- | $14,600 |
| 2003 | -- | $14,600 |
| 2002 | -- | $14,600 |
| 2001 | -- | $14,600 -22.5% |
| 2000 | -- | $18,850 |
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: East Memphis-Colonial-Yorkshire
Nearby schools
GreatSchools rating
- 5/10White Station Elementary SchoolGrades: PK-5Distance: 3 mi
- 7/10White Station Middle SchoolGrades: 6-8Distance: 4.1 mi
- 8/10White Station High SchoolGrades: 9-12Distance: 2.8 mi
- $157,8002 bd1 ba1.2k sqft40 N Holmes St, Memphis, TN 38111Off Market
- $35,7004 bd2 ba1.8k sqft34 N Holmes St, Memphis, TN 38111Off Market
- $146,5002 bd1 ba976 sqft46 N Holmes St, Memphis, TN 38111Off Market
- $239,9004 bd2 ba1.9k sqft44 N Holmes St, Memphis, TN 38111For Sale
- $153,0003 bd2 ba1.1k sqft26 N Holmes St, Memphis, TN 38111Off Market
- $--3 bd2 ba1.1k sqft26 N Holmes St #26, Memphis, TN 38111Off Market
- $134,0002 bd1 ba800 sqft28 N Holmes St, Memphis, TN 38111Off Market
- $229,6006 bd4 ba3k sqft56 N Holmes St, Memphis, TN 38111Off Market
A local agent can set up tours, give advice and negotiate with sellers.
Similar homes
- $289,9003 bd1 ba1.5k sqft3214 Cowden Ave, Memphis, TN 38111For Sale
MLS ID #10225833, Leigh Martin, Hobson, REALTORS. MAAR - $229,9003 bd1 ba1.3k sqft135 Greer St, Memphis, TN 38111For Sale
MLS ID #10220527, Hannah C Smith, Bluff City Realty Group, LLC. MAAR - $239,0003 bd1 ba1.1k sqft2751 Natchez Ln, Memphis, TN 38111For Sale
MLS ID #10221410, Felix Bishop, Crye-Leike, Inc., REALTORS. MAAR - $249,0002 bd1 ba1.2k sqft564 Alexander St, Memphis, TN 38111For Sale
MLS ID #10219510, Linda B Sowell, Sowell, Realtors. MAAR - $250,0003 bd2 ba1.8k sqft726 N Trezevant St, Memphis, TN 38112For SaleMLS ID #10222952, Amanda M Lott, BHHS McLemore & Co., Realty. MAAR
- $242,9753 bd2 ba1.7k sqft4308 Hilldale Ave, Memphis, TN 38117For SaleMLS ID #10219861, Joshua D Hisaw, Keller Williams. MAAR
- $222,8003 bd1 ba1.2k sqft474 Alexander St, Memphis, TN 38111For SaleMLS ID #10211157, Ashlyn Randall, Keller Williams. MAAR
- $218,0003 bd2 ba1.1k sqft774 E Prescott Cir, Memphis, TN 38111For SaleMLS ID #10222391, Juan Torres, Fast Track Realty, LLC. MAAR
- $240,0004 bd2 ba1.4k sqft19 S Merton St, Memphis, TN 38112For SaleMLS ID #10215047, Caleb Hall, Keller Williams. MAAR
- $255,0002 bd2 ba1.4k sqft998 New York St, Memphis, TN 38104For SaleMLS ID #10225879, Pam Beall, Crye-Leike, Inc., REALTORS. MAAR
- $255,0004 bd2 ba1.5k sqft1614 Sterling Dr, Memphis, TN 38119For SaleMLS ID #10224359, Ashleigh Bettis, Bluff City Realty Group, LLC. MAAR
- $349,0004 bd2 ba1.9k sqft3593 Southwood Ave, Memphis, TN 38111For SaleMLS ID #10220995, Jason Wallace, Keller Williams Realty. MAAR
- $239,9003 bd2 ba1.8k sqft1069 Tatum Rd, Memphis, TN 38122For SaleMLS ID #10221993, Kim Golden, Mint Realty Group. MAAR
- $275,0003 bd2 ba1.9k sqft59 N Ashlawn Rd, Memphis, TN 38112For SaleMLS ID #10219475, Shannan C McWaters, The Firm. MAAR
- $161,5004 bd2 ba1.4k sqft3704 Friar Tuck Rd, Memphis, TN 38111For SaleMLS ID #10225622, Arath Luevano, Fast Track Realty, LLC. MAAR
- $275,0003 bd2 ba1.6k sqft503 E Swan Ridge Cir, Memphis, TN 38122For Sale
MLS ID #3189546, Samantha Ward. RealTracs MLS as distributed by MLS GRID - $279,9003 bd2 ba1.4k sqft296 N White Station Rd, Memphis, TN 38117For SaleMLS ID #10224427, Halle Whitlock, Oak Grove Realty, LLC. MAAR
- $245,0003 bd2 ba1.6k sqft5084 Woodlark Ave, Memphis, TN 38117For SaleMLS ID #10224565, Adam Dawson, Dawson Realty Group. MAAR
- $315,0003 bd3 ba2k sqft555 S Holmes St, Memphis, TN 38111For SaleMLS ID #10220548, Kristi C Ryan, Coldwell Banker Collins-Maury. MAAR
- $259,9003 bd2 ba1.4k sqft5021 Sequoia Ave, Memphis, TN 38117For SaleMLS ID #10223387, Tim Van Horn, eXp Realty. MAAR
