Skip main navigation
For sale
    • $118,000

    556 Melton Ave, Memphis, TN 38109

    4beds
    1,481sqft
    : 
    $829/mo
    Get pre-qualified
    Single Family Residence
    Built in 1968
    6,969 Square Feet Lot
    $115,500 Zestimate®
    $80/sqft
    $-- HOA

    What's special

    Functional layout
    CALLING ALL INVESTORS!!!  Seller is willing to sell this property as part of a package with 3677 BISON ST/ Occupied at a REDUCED PRICE.  Contact co-listing or your agent for more info! Currently leased at $1,275 per month through 07/31/2026, rent roll & lease available upon request. DO NOT DISTURB TENANTS. No showings without accepted offer. Featuring a functional layout, spacious living areas, and recent updates that enhance long-term durability and appeal. Conveniently located near Levi Elementary, Westwood Middle/High School, Westwood Shopping Center, T.O. Fuller State Park, Memphis International Airport, and I-55/US-61, providing convenient access to employment, shopping, schools, and everyday amenities that support strong tenant demand. Seller also selling 3677 BISON ST, 2934 N TREZEVANT ST, and 961 AUBRA RD (can be purchased individually or as a portfolio). Financials available upon request. No wholesalers, assignments, or creative financing! PROFESSIONALLY MANAGED IN-HOUSE
    178 days
    |
    98
    |
    21
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    James C Wachob,

    Foundation Property Management 901-633-1484,

    Dana Landry,

    Foundation Property Management

    Source: MAAR,MLS#: 10213688MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      • Full bathrooms: 1
      • 1/2 bathrooms: 1
      Primary bedroom
      • Dimensions: 0 x 0
      Dining room
      • Features: Separate 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, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
      • Flooring: Hardwood
      • Has fireplace: No
      Interior area
      • Total interior livable area: 1,481 sqft

      Property

      Parking
      • Parking features: Driveway/Pad
      • Has uncovered spaces: Yes
      Features
      • Stories: 1
      • Patio & porch: Porch
      • Pool features: None
      Lot
      • Size: 6,969 Square Feet
      • Dimensions: 62 x 115
      • Features: Level
      Details
      • Parcel number: 075091 00019

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional
      • Property subtype: Single Family Residence
      Condition
      • New construction: No
      • Year built: 1968

      Community & HOA

      Community
      • Subdivision: Indian Hills
      Location
      • Region: Memphis

      Financial & listing details

      • Price per square foot: $80/sqft
      • Tax assessed value: $133,200
      • Annual tax amount: $1,755
      • Price range: $118K - $118K
      • Date on market: 1/28/2026
      • Cumulative days on market: 179 days

        Estimated market value

        $115,500

        $110,000 - $121,000

        $1,414/mo

        Price history

        DateEventPrice
        4/10/2026Price change$118,000-4.1%$80/sqft
        Source: MAAR #10213688 Report a problem
        3/26/2026Price change$123,000-3.9%$83/sqft
        Source: MAAR #10213688 Report a problem
        3/23/2026Price change$128,000-1.5%$86/sqft
        Source: MAAR #10213688 Report a problem
        1/28/2026Listed for sale$130,000+66.7%$88/sqft
        Source: MAAR #10213688 Report a problem
        7/17/2023Listing removed--
        Source: Zillow Rentals Report a problem
        6/28/2023Listed for rent$1,225+28.9%$1/sqft
        Source: Zillow Rentals Report a problem
        4/2/2021Listing removed--
        Source: Zillow Rental Network Premium Report a problem
        3/17/2021Listed for rent$950$1/sqft
        Source: Zillow Rental Network Premium Report a problem
        11/27/2019Sold$78,000$53/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,755 +15.3%$33,300 +44%
        2024$1,523 +8.1%$23,125
        2023$1,409 $23,125
        2022-- $23,125
        2021-- $23,125 +83.9%
        2020$402 $12,575
        2019$402 -21.1%$12,575
        2018$509 -45.1%$12,575
        2017$928 +121.5%$12,575 +2%
        2016$419 -27.9%$12,325
        2014$581 $12,325
        2013-- $12,325 -32.4%
        2012-- $18,225
        2011-- $18,225
        2010-- $18,225
        2009-- $18,225 +4.4%
        2008-- $17,450
        2007-- $17,450
        2006-- $17,450
        2005-- $17,450 +10.3%
        2004-- $15,825
        2003-- $15,825
        2002-- $15,825
        2001-- $15,825 +30.8%
        2000-- $12,100
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        Climate risks

        Neighborhood: White Haven-Coro Lake

        Getting around

        9 / 100
        Car-Dependent
        27 / 100
        Some Transit
        33 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes

              Nearby cities

              Nearby neighborhoods

              Nearby zip codes

              Other Memphis Topics

                Search
                Updates
                Favorites
                Plan
                Inbox