For sale

$135,000

516 Jeanne Dr, Memphis, TN 38109

3beds

1,489sqft

$958/mo

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Single Family Residence

Built in 1953

0.36 Acres Lot

$130,200 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. Leased through January 2027.

141 days
78
3

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

1 or More BR Down, All Bedrooms 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
Cumulative days on market: 142 days

Estimated market value

$130,200

$124,000 - $137,000

$1,320/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