This adorable 2-bedroom, 1-bathroom home offers great curb appeal and a fantastic investment opportunity. Currently leased at $1,250 per month through September 2024, this property has provided a steady income stream with reliable tenants. Perfectly situated close to the University of Memphis, it’s an attractive option for student rental or long-term leasing. The home’s charming exterior and prime location ensure continued demand and value. Add this to your investment portfolio today!
Closed
$165,000
581 Shotwell St, Memphis, TN 38111
2beds
793sqft
Single Family Residence, Residential
Built in 1950
8,712 Square Feet Lot
$164,500 Zestimate®
$208/sqft
$1,227 Estimated rent
Home value
$164,500
$151,000 - $176,000
$1,227/mo
Zestimate® history
Owner options
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$1,227/mo
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$1,227/mo
Rent Zestimate®
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$1,066/mo
Est. payment
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$1,066/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listing Provided by:
Brittany Denny 858-776-5350,
The Firm | Memphis Real Estate
Bought with:
Brittany Denny
The Firm | Memphis Real Estate
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3036532
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Microwave, Refrigerator, Dryer, Washer, Range, Oven
- Laundry: Washer Hookup
Features
- Flooring: Wood, Tile
Interior area
- Total structure area: 793
- Total interior livable area: 793 sqft
Property
Parking
- Parking features: Parking Pad
- Has uncovered spaces: Yes
Features
- Levels: Three Or More
- Stories: 1
- Patio & porch: Deck
Lot
- Size: 8,712 sqft
- Dimensions: 50 x 181
Details
- Parcel number: 046045 00004
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence, Residential
Condition
- New construction: No
- Year built: 1950
Utilities & green energy
- Utilities for property: Cable Connected
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Memphis
- Subdivision: Memphis Homes Incorporated Re-Sub Of Pt~
Price history
| Date | Event | Price |
|---|---|---|
| 10/7/2024 | Sold | $165,000-5.7%$208/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #3036532 Report a problem | ||
| 9/14/2024 | Pending sale | $175,000$221/sqft |
Source:  MAAR #10179466 Report a problem | ||
| 8/19/2024 | Listed for sale | $175,000+29.6%$221/sqft |
Source: MAAR #10179466 Report a problem | ||
| 8/4/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 8/3/2021 | Sold | $135,000+82.4%$170/sqft |
Source: MAAR #10104273 Report a problem | ||
| 8/3/2021 | Listed for rent | $1,200$2/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 4/26/2013 | Sold | $74,000-7.4%$93/sqft |
Source: MAAR #3266900 Report a problem | ||
| 4/4/2013 | Pending sale | $79,900$101/sqft |
Source: Crye-Leike #3266900 Report a problem | ||
| 3/13/2013 | Listed for sale | $79,900+63.1%$101/sqft |
Source: Crye-Leike #3266900 Report a problem | ||
| 4/3/2000 | Sold | $49,000$62/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,056 +29% | $39,000 +61.2% |
| 2024 | $1,594 +8.1% | $24,200 |
| 2023 | $1,474 | $24,200 |
| 2022 | -- | $24,200 |
| 2021 | -- | $24,200 +24.6% |
| 2020 | $621 | $19,425 |
| 2019 | $621 -21.1% | $19,425 |
| 2018 | $787 -45.1% | $19,425 |
| 2017 | $1,434 +155.6% | $19,425 +17.7% |
| 2016 | $561 -1.4% | $16,500 |
| 2014 | $569 | $16,500 |
| 2013 | -- | $16,500 -7.6% |
| 2012 | -- | $17,850 |
| 2011 | -- | $17,850 -15.2% |
| 2010 | -- | $21,050 |
| 2009 | -- | $21,050 +48% |
| 2008 | -- | $14,225 |
| 2007 | -- | $14,225 |
| 2006 | -- | $14,225 -12.3% |
| 2005 | -- | $16,225 +32.4% |
| 2004 | -- | $12,250 |
| 2003 | -- | $12,250 |
| 2002 | -- | $12,250 -30.7% |
| 2001 | -- | $17,675 +27.6% |
| 2000 | -- | $13,850 |
Find assessor info on the county website
Neighborhood: East Memphis-Colonial-Yorkshire
Nearby schools
GreatSchools rating
- 4/10Sherwood Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 5/10Sherwood Middle SchoolGrades: 6-8Distance: 1.4 mi
- 3/10Melrose High SchoolGrades: 9-12Distance: 2.1 mi
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$164,500
2% more
+$3,290
With Zillow Showcase(estimated)
$167,790
Nearby cities
Nearby neighborhoods
- Cordova-Appling Real estate
- Downtown Real estate
- East Memphis-Colonial-Yorkshire Real estate
- Hickory Ridge-South Riverdale Real estate
- Midtown Real estate
- Parkway Village-Oakhaven Real estate
- Raleigh Real estate
- River Oaks-Kirby-Balmoral Real estate
- Shelby Forest-Frayser Real estate
- White Haven-Coro Lake Real estate
Nearby zip codes
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