For sale

$135,000

516 Jeanne Dr, Memphis, TN 38109

3beds

1,489sqft

$930/mo

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Single Family Residence

Built in 1953

0.36 Acres Lot

$131,000 Zestimate^®

$91/sqft

$-- HOA

What's special

Large backyardAmple parkingWell-sized bedroomsUpdated finishes

Renovated in 2024, this income-producing property is a strong opportunity for investors seeking a turnkey, rent-ready asset with professional management already in place. The home offers a functional layout featuring a spacious living area, updated finishes, and well-sized bedrooms designed for comfortable living. Exterior highlights include a large backyard and ample parking, adding to long-term tenant appeal. Currently tenant-occupied and professionally managed by Mid South Best Rentals, this property provides immediate cash flow and a seamless transition for the new owner. The lease will remain in place, with all tenant rights transferring —making this a true hassle-free investment opportunity. Drive-by only; do not disturb tenant.

94 days

55

5

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1

Primary bedroom

Level: First
Dimensions: 0 x 0

Bedroom 2

Level: First

Bedroom 3

Level: First

Dining room

Dimensions: 0 x 0

Living room

Features: Separate Living Room
Dimensions: 0 x 0

Den

Dimensions: 0 x 0

Heating

Central

Cooling

Central Air

Features

All Bedrooms Down, 1 or More BR Down, Renovated Bathroom, Textured Ceiling, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
Flooring: Part Carpet
Basement: Crawl Space
Number of fireplaces: 1
Fireplace features: Decorative

Interior area

Total interior livable area: 1,489 sqft

Property

Parking

Parking features: Driveway/Pad
Has uncovered spaces: Yes

Features

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

Lot

Size: 0.36 Acres
Dimensions: 92 x 175
Features: Some Trees

Details

Parcel number: 076019 00013

Construction

Type & style

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

Materials

Brick Veneer
Roof: Composition Shingles

Condition

New construction: No
Year built: 1953

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Whitehaven Park Fifth Addn

Location

Region: Memphis

Financial & listing details

Price per square foot: $91/sqft
Tax assessed value: $144,000
Annual tax amount: $1,897
Price range: $135K - $135K
Date on market: 4/20/2026

Estimated market value

$131,000

$124,000 - $138,000

$1,312/mo

Price history

Date	Event	Price
4/20/2026	Listed for sale	$135,000-2.5%$91/sqft
Source: MAAR #10219710 Report a problem
2/6/2024	Sold	$138,500+105.2%$93/sqft
Source: Public Record Report a problem
12/23/2023	Listing removed	--
Source: Zillow Rentals Report a problem
12/13/2023	Listed for rent	$1,150$1/sqft
Source: Zillow Rentals Report a problem
10/6/2023	Sold	$67,500+32.9%$45/sqft
Source: Public Record Report a problem
4/1/2008	Sold	$50,787-32.9%$34/sqft
Source: Public Record Report a problem
1/7/2005	Sold	$75,686+42.8%$51/sqft
Source: Public Record Report a problem
6/30/1995	Sold	$53,000$36/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,897 +59.6%	$36,000 +99.4%
2024	$1,189 +8.1%	$18,050
2023	$1,100	$18,050
2022	--	$18,050
2021	--	$18,050 +50.1%
2020	$384	$12,025
2019	$384 -21.1%	$12,025
2018	$487 -45.1%	$12,025
2017	$888 +108%	$12,025 -4.2%
2016	$427 -23.4%	$12,550
2014	$557	$12,550
2013	--	$12,550 -28.2%
2012	--	$17,475
2011	--	$17,475
2010	--	$17,475
2009	--	$17,475 -1.4%
2008	--	$17,725
2007	--	$17,725
2006	--	$17,725
2005	--	$17,725 +13.4%
2004	--	$15,625
2003	--	$15,625
2002	--	$15,625
2001	--	$15,625 +13.2%
2000	--	$13,800

Find assessor info on the county website

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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