For sale

$110,000

3816 Allandale Ln, Memphis, TN 38111

2beds

1,241sqft

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Single Family Residence

Built in 1950

7,840 Square Feet Lot

$105,300 Zestimate^®

$89/sqft

$-- HOA

What's special

This well-maintained 2-bedroom, 1-bath property is a fantastic investment opportunity, featuring a reliable, long-term tenant who has called it home for over 10 years. The tenant is in good standing and currently pays $875 per month, offering immediate, consistent income from day one. Even better, the rent is below market value, presenting clear potential for future increases and improved returns. Ideally located with convenient access to shopping, dining, and I-240, this property combines stability with upside potential. Whether you’re looking to expand your investment portfolio or take your first step into real estate investing, this is a smart, income-producing opportunity you won’t want to miss. Please do not disturb the tenant. This is a tenant-occupied property, and all tenant rights apply.

71 days

89

2

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Primary bedroom

Dimensions: 0 x 0

Dining room

Features: Separate Dining Room
Dimensions: 0 x 0

Living room

Features: Great Room
Dimensions: 0 x 0

Den

Dimensions: 0 x 0

Heating

Central, Other (See REMARKS)

Cooling

Central Air, Other (See REMARKS)

Features

All Bedrooms Down, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
Flooring: Part Carpet, Part Hardwood
Has fireplace: No

Interior area

Total interior livable area: 1,241 sqft

Property

Parking

Total spaces: 1
Parking features: Driveway/Pad, Other (See REMARKS)
Covered spaces: 1
Has uncovered spaces: Yes

Features

Stories: 1
Patio & porch: Porch
Exterior features: Other (See REMARKS)
Pool features: None
Fencing: Chain Link

Lot

Size: 7,840 Square Feet
Dimensions: 66 x 120
Features: Landscaped, Other (See Remarks), Some Trees

Details

Parcel number: 058062 00014

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence

Condition

New construction: No
Year built: 1950

Community & HOA

Community

Subdivision: Sherwood Forest Second Addition

Location

Region: Memphis

Financial & listing details

Price per square foot: $89/sqft
Annual tax amount: $1,514
Price range: $110K - $110K
Date on market: 5/7/2026
Cumulative days on market: 58 days

Estimated market value

$105,300

$100,000 - $111,000

$1,013/mo

Price history

Date	Event	Price
7/14/2026	Listed for sale	$110,000$89/sqft
Source: MAAR #10220996 Report a problem
7/1/2026	Pending sale	$110,000$89/sqft
Source: MAAR #10220996 Report a problem
5/7/2026	Listed for sale	$110,000+10%$89/sqft
Source: MAAR #10220996 Report a problem
3/31/2025	Sold	$100,000-9.1%$81/sqft
Source: MAAR #10189568 Report a problem
2/11/2025	Pending sale	$110,000$89/sqft
Source: MAAR #10189568 Report a problem
2/7/2025	Listed for sale	$110,000$89/sqft
Source: MAAR #10189568 Report a problem

Public tax history

Tax history is unavailable.

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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