Pending

$50,000

389 Josephine St, Memphis, TN 38111

2beds

824sqft

N/A

Get pre-qualified

Single Family Residence

Built in 1946

6,098 Square Feet Lot

$-- Zestimate^®

$61/sqft

$-- HOA

What's special

Investor Opportunity in Chickasaw Gardens! Located just two blocks from Simmons Bank Liberty Stadium, this 2-bedroom, 1-bath home presents a prime value-add opportunity in a desirable area. Property is in need of a full renovation and is being sold as-is, offering strong potential for investors seeking a fix-and-flip or buy-and-hold asset. Conveniently located near major amenities, entertainment, and the University of Memphis area, this property is ideally positioned for long-term growth and rental demand. Home is currently tenant occupied. Please do not disturb tenant. Showings will be granted upon acceptance of a contract.

154 days

18

1

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Primary bedroom

Dimensions: 0 x 0

Dining room

Dimensions: 0 x 0

Living room

Features: LR/DR Combination
Dimensions: 0 x 0

Den

Dimensions: 0 x 0

Heating

Natural Gas, Wall Furnace

Cooling

Window Unit(s)

Features

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

Interior area

Total interior livable area: 824 sqft

Property

Parking

Total spaces: 1
Parking features: Driveway/Pad
Covered spaces: 1
Has uncovered spaces: Yes

Features

Stories: 1
Patio & porch: Porch
Pool features: None
Fencing: Chain Link,Chain Fence

Lot

Size: 6,098 Square Feet
Dimensions: 50 x 125
Features: Some Trees

Details

Parcel number: 045020 00033

Construction

Type & style

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

Materials

Aluminum/Steel Siding

Condition

New construction: No
Year built: 1946

Community & HOA

Community

Security: Wrought Iron Security Drs
Subdivision: Burmeister Heights

Location

Region: Memphis

Financial & listing details

Price per square foot: $61/sqft
Tax assessed value: $64,900
Annual tax amount: $855
Price range: $50K - $50K
Date on market: 3/23/2026
Cumulative days on market: 157 days

Estimated market value

Not available

Estimated sales range

Not available

$1,040/mo

Price history

Date	Event	Price
3/31/2026	Pending sale	$50,000$61/sqft
Source: MAAR #10217450 Report a problem
3/23/2026	Listed for sale	$50,000$61/sqft
Source: MAAR #10217450 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$855 +27.3%	$16,225 +59.1%
2024	$672 +8.1%	$10,200
2023	$621	$10,200
2022	--	$10,200
2021	--	$10,200 +31.2%
2020	$248	$7,775
2019	$248 -21.1%	$7,775
2018	$315 -45.1%	$7,775
2017	$574 +136.9%	$7,775 +9.1%
2016	$242 -18.5%	$7,125
2014	$297	$7,125
2013	--	$7,125 -23.6%
2012	--	$9,325
2011	--	$9,325
2010	--	$9,325
2009	--	$9,325 -42.5%
2008	--	$16,225
2007	--	$16,225
2006	--	$16,225
2005	--	$16,225 +37.2%
2004	--	$11,825
2003	--	$11,825
2002	--	$11,825
2001	--	$11,825 +4.6%
2000	--	$11,300