For sale

Price cut: $5K (5/22)

$88,500

831 Alice Ave, Memphis, TN 38106

2beds

792sqft

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Single Family Residence

Built in 1951

7,405 Square Feet Lot

$-- Zestimate^®

$112/sqft

$-- HOA

What's special

Awesome investment property! Tenant occupied at $1175/month until July 31, 2026. Professionally managed by RJ Property Management. Lease and ledger are available upon request. Seller has another property for sale and will sell individually or as a package. The other address is 663 Lucy Ave. Both properties occupied. Do not disturb tenants. No viewings until accepted offer in place. NO seller financing.

136 days

46

1

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Heating

Central

Cooling

Central Air

Features

All Bedrooms Down, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
Has fireplace: No

Interior area

Total interior livable area: 792 sqft

Property

Parking

Total spaces: 2
Parking features: Driveway/Pad
Covered spaces: 2
Has uncovered spaces: Yes

Features

Stories: 1
Pool features: None

Lot

Size: 7,405 Square Feet
Dimensions: 55 x 150
Features: Level

Details

Parcel number: 049077 00004

Construction

Type & style

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

Materials

Brick Veneer

Condition

New construction: No
Year built: 1951

Community & HOA

Community

Security: Wrought Iron Security Drs
Subdivision: W A Rays

Location

Region: Memphis

Financial & listing details

Price per square foot: $112/sqft
Tax assessed value: $56,200
Annual tax amount: $741
Price range: $88.5K - $88.5K
Date on market: 2/27/2026
Cumulative days on market: 136 days

Estimated market value

Not available

Estimated sales range

Not available

$918/mo

Price history

Date	Event	Price
5/22/2026	Price change	$88,500-5.3%$112/sqft
Source: MAAR #10215550 Report a problem
2/27/2026	Listed for sale	$93,500+62.6%$118/sqft
Source: MAAR #10215550 Report a problem
6/20/2024	Listing removed	--
Source: Zillow Rentals Report a problem
6/13/2024	Listed for rent	$1,175$1/sqft
Source: Zillow Rentals Report a problem
6/12/2024	Listing removed	--
Source: Zillow Rentals Report a problem
6/6/2024	Listed for rent	$1,175$1/sqft
Source: Zillow Rentals Report a problem
3/6/2024	Sold	$57,500$73/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$741 +34.3%	$14,050 +67.8%
2024	$552 +8.1%	$8,375
2023	$510	$8,375
2022	--	$8,375
2021	--	$8,375 +26.9%
2020	$211	$6,600
2019	$211 -21.1%	$6,600
2018	$267 -45.1%	$6,600
2017	$487 +109.9%	$6,600 -3.3%
2016	$232 -13.9%	$6,825
2014	$269	$6,825
2013	--	$6,825 -19.2%
2012	--	$8,450
2011	--	$8,450
2010	--	$8,450
2009	--	$8,450 -2.3%
2008	--	$8,650
2007	--	$8,650
2006	--	$8,650
2005	--	$8,650 +3.6%
2004	--	$8,350
2003	--	$8,350
2002	--	$8,350
2001	--	$8,350 -19.9%
2000	--	$10,425

Find assessor info on the county website

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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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