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.
Pending
$50,000
389 Josephine St, Memphis, TN 38111
2beds
824sqft
Single Family Residence
Built in 1946
6,098 Square Feet Lot
$-- Zestimate®
$61/sqft
$-- HOA
What's special
- 202 days
- 14
- 0
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Realis H Sanders,
Keller Williams 901-261-7900
Source: MAAR,MLS#: 10217450
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: 204 days
Estimated market value
Not available
Estimated sales range
Not available
$957/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 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Colonial-Yorkshire
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