For sale

$99,000

3920 Schoolfield Rd, Memphis, TN 38127

3beds

1,430sqft

$730/mo

Get pre-qualified

Single Family Residence

Built in 1972

7,840 Square Feet Lot

$93,400 Zestimate^®

$69/sqft

$-- HOA

What's special

Attention investors! Add immediate rental income to your portfolio with this tenant-occupied 3-bedroom, 1-bath investment property. Currently leased at $1,100 per month through the Housing Choice Voucher Program (Section 8), this home offers an opportunity to acquire an income-producing asset with an existing tenant in place. Lease and program documentation available for review. Please make all offers contingent upon inspection. Tenant occupied—do not approach the property or disturb the tenant. No showings without an accepted offer.

58 days
92
10

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1

Primary bedroom

Dimensions: 0 x 0

Dining room

Dimensions: 0 x 0

Kitchen

Features: Pantry

Living room

Dimensions: 0 x 0

Den

Dimensions: 0 x 0

Heating

Other (See REMARKS)

Cooling

Other (See REMARKS)

Features

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

Interior area

Total interior livable area: 1,430 sqft

Property

Parking

Parking features: Driveway/Pad
Has uncovered spaces: Yes

Features

Stories: 1
Patio & porch: Porch, Patio
Pool features: None

Lot

Size: 7,840 Square Feet
Dimensions: 60 x 125
Features: Level

Details

Parcel number: 072123 00034

Construction

Type & style

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

Materials

Wood/Composition

Condition

New construction: No
Year built: 1972

Community & HOA

Community

Subdivision: Schoolfield St Elmo

Location

Region: Memphis

Financial & listing details

Price per square foot: $69/sqft
Tax assessed value: $96,600
Annual tax amount: $1,273
Price range: $99K - $99K
Date on market: 8/7/2026

Estimated market value

$93,400

$89,000 - $98,000

$1,078/mo

Price history

Date	Event	Price
8/7/2026	Listed for sale	$99,000+219.4%$69/sqft
Source: MAAR #10227883 Report a problem
7/13/2018	Sold	$31,000-22.5%$22/sqft
Source: RealTracs MLS as distributed by MLS GRID #3090624 Report a problem
6/18/2018	Pending sale	$39,999$28/sqft
Source: Crye-Leike #10028032 Report a problem
5/29/2018	Listed for sale	$39,999+280.9%$28/sqft
Source: Crye-Leike #10028032 Report a problem
7/24/2015	Listing removed	$575
Source: Reedy & Company Report a problem
5/28/2015	Price change	$575-8%
Source: Reedy & Company Report a problem
1/22/2015	Listed for rent	$625-10.1%
Source: Reedy & Company Report a problem
11/4/2014	Listing removed	$695
Source: Reedy & Company Report a problem
9/27/2014	Listed for rent	$695
Source: Reedy & Company Report a problem
9/21/2012	Sold	$10,500+5%$7/sqft
Source: MAAR #3251195 Report a problem
7/7/2012	Listed for sale	$10,000+17.6%$7/sqft
Source: Crye-Leike #3251195 Report a problem
1/3/2011	Sold	$8,500-15%$6/sqft
Source: Public Record Report a problem
10/26/2010	Listed for sale	$10,000-72.5%$7/sqft
Source: Real Estate Mart of TN Inc. #3211086 Report a problem
11/30/2006	Sold	$36,300+0.7%$25/sqft
Source: Public Record Report a problem
1/11/1995	Sold	$36,050$25/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,273 +12.2%	$24,150 +40.2%
2024	$1,134 +8.1%	$17,225
2023	$1,049	$17,225
2022	--	$17,225
2021	--	$17,225 +60.6%
2020	$427	$10,725 -19.7%
2019	$427 -21.1%	$13,350
2018	$541 -45.1%	$13,350
2017	$985 +111.9%	$13,350 -2.4%
2016	$465 -4.6%	$13,675
2014	$487	$13,675
2013	--	$13,675 -10.5%
2012	--	$15,275
2011	--	$15,275
2010	--	$15,275
2009	--	$15,275 +11.5%
2008	--	$13,700
2007	--	$13,700
2006	--	$13,700
2005	--	$13,700 -2.3%
2004	--	$14,025
2003	--	$14,025
2002	--	$14,025
2001	--	$14,025 +17.6%
2000	--	$11,925