For sale

$55,000

509 Leath St, Memphis, TN 38105

3beds

1,396sqft

N/A

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Single Family Residence

Built in 1925

9,147 Square Feet Lot

$-- Zestimate^®

$39/sqft

$-- HOA

What's special

Good bonesFunctional layout

Investor opportunity with a lot of potential already built into the existing footprint. Currently configured as a 3-bedroom, 1-bath home with separate living and dining rooms, this property offers a solid starting point for a full renovation. The interior has already been opened up in several areas, providing good visibility into the home’s framing and existing structure. Despite the amount of renovation needed, the home appears to have good bones and a functional layout that lends itself well to redevelopment. Bring your contractor and your vision. With the right renovation plan, this property offers an opportunity to improve both the condition and functionality of the home rather than simply putting finishes over an outdated floor plan. Property is being sold as-is. No wholesalers, or contract assignment.

6 days
69
5

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1

Primary bedroom

Dimensions: 0 x 0

Dining room

Dimensions: 0 x 0

Living room

Features: Separate 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: Hardwood
Has fireplace: No

Interior area

Total interior livable area: 1,396 sqft

Property

Parking

Parking features: Driveway/Pad
Has uncovered spaces: Yes

Features

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

Lot

Size: 9,147 Square Feet
Dimensions: 50 x 191
Features: Some Trees, Level

Details

Parcel number: 001113 00010

Construction

Type & style

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

Materials

Wood/Composition

Condition

New construction: No
Year built: 1925

Community & HOA

Community

Subdivision: Gates

Location

Region: Memphis

Financial & listing details

Price per square foot: $39/sqft
Tax assessed value: $58,400
Annual tax amount: $770
Price range: $55K - $55K
Date on market: 9/12/2026

Estimated market value

Not available

Estimated sales range

Not available

$1,201/mo

Price history

Date	Event	Price
9/12/2026	Listed for sale	$55,000-8.3%$39/sqft
Source: MAAR #10230343 Report a problem
7/12/2023	Sold	$60,000+700%$43/sqft
Source: Public Record Report a problem
10/11/2007	Sold	$7,500-37.5%$5/sqft
Source: Public Record Report a problem
7/26/2007	Sold	$12,000-88%$9/sqft
Source: Public Record Report a problem
2/1/2006	Sold	$100,000+156.4%$72/sqft
Source: Public Record Report a problem
5/11/2005	Sold	$39,000-18.8%$28/sqft
Source: Public Record Report a problem
10/31/2003	Sold	$48,000-15.9%$34/sqft
Source: Public Record Report a problem
9/17/2001	Sold	$57,076+1.9%$41/sqft
Source: Public Record Report a problem
3/3/2000	Sold	$56,000+241.5%$40/sqft
Source: Public Record Report a problem
5/28/1999	Sold	$16,396$12/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$770 +19.2%	$14,600 +49%
2024	$645 +8.1%	$9,800
2023	$597	$9,800
2022	--	$9,800
2021	--	$9,800 +102.1%
2020	$155	$4,850
2019	$155 -21.1%	$4,850
2018	$196 -45.1%	$4,850
2017	$358 +117.1%	$4,850
2016	$165 -19.2%	$4,850
2014	$204	$4,850
2013	--	$4,850 -24.2%
2012	--	$6,400
2011	--	$6,400
2010	--	$6,400
2009	--	$6,400 -28.3%
2008	--	$8,925
2007	--	$8,925
2006	--	$8,925
2005	--	$8,925 -20.7%
2004	--	$11,250
2003	--	$11,250
2002	--	$11,250
2001	--	$11,250 +174.4%
2000	--	$4,100