Prime investment opportunity near the University of Memphis! Built in 2018, this spacious 5-bedroom, 3.5-bathroom home generates $4,500+ in average monthly gross income as a top-performing short-term rental. Property Highlights: Proven Cash Flow: Currently operating as a high-earning Airbnb with an experienced property manager willing to stay on for the new buyer—offering true passive income from day one! Modern Build: Built in 2018 with high ceilings, energy-efficient spray foam insulation, durable finishes, and low maintenance costs. Functional Layout: 5 bedrooms and 3.5 baths provide maximum capacity for short-term guests, groups, or student housing. Expansive Backyard: Massive private yard featuring a gated drive with parking space for multiple vehicles. Location: Minutes from the U of M campus, dining, shopping, and fast access to I-240. Option to negotiate furniture and keep current management in place for a seamless transition. Contact today for details or to schedule a p
Sherwood Forest, located between Summer Avenue and I-40, is a residential and suburban Memphis neighborhood with mid-century ranch homes and mature tree canopy. The neighborhood’s character concentrates around the Summer Avenue corridor near White Station Road, where international eateries, long-running local shops, and auto-service storefronts set a busy, practical tone. Broad lawns, curving streets, and brick facades give the area a steady, lived-in architectural rhythm. Shelby Farms Park and the Greenline frame daily routines with long, flat miles for walking and biking. Crosstown Concourse adds galleries, food stalls, and events within a short drive. The vibe reads calm on side streets, energetic along Summer’s storefront strip.
Provided by Walk Score and Local Logic
Market insights
1071 Getwell Rd · $349,500
DAYS ON MARKET
1 days
The average home goes pending in 35 days.
SALE-TO-LIST
96.3%
Most homes are selling 4% below list price.
LIST PRICE
$349,500
Median sale price in this area is $269,256. (23% lower than this home)
PRICE DROP
0 price drops
26% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Hardwood throughout
8 total rooms
Two-story home
Master suite located on the main level
At least one additional bedroom on the main level
Bedrooms
5 bedrooms
Master bedroom about 13 x 14
Bathrooms
3 full bathrooms
1 half bathroom
Kitchen
Separate kitchen (separate from living and dining)
Flooring
Hardwood throughout
Heating & cooling
Central heating (gas)
Central air conditioning
Exterior features
Wooded lot
Brick veneer exterior
Other exterior features (see remarks)
Home design
Detached single-family home
Soft contemporary style
Built in 2018
Parking
Driveway/pad
Gated parking
Construction
Built in 2018
Brick veneer construction
Utilities
Natural gas heating
Central electric cooling
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10229635
Sep 2, 2026
Listed
$349,500
REALTRACS as Distributed by MLS Grid #3503851
Aug 10, 2026
Listed
$350,000
Jan 14, 2022
Sold
$345,000
+1
Great Investment Opportunity! Built in 2018. This home was built for student housing. Currently houses 5 students, each student pays $575 per month rent. Built with energy star standards, spray foam insulation walls and ceilings, energy efficient windows and doors, radiant barrier roof decking, LED lighting. Security system with cameras, gated entry.
Memphis Area Association of Realtors(R) MLS #10112813
Jan 14, 2022
Sold
$345,000
Nov 17, 2021
Listed
$350,000
+1
Great Investment Opportunity! Built in 2018. This home was built for student housing. Currently houses 5 students, each student pays $575 per month rent. Built with energy star standards, spray foam insulation walls and ceilings, energy efficient windows and doors, radiant barrier roof decking, LED lighting. Security system with cameras, gated entry.
Year
Property tax
Land + Additions
Assessment*
2025
$4,335 (+11.9%)
$6,700 + $75,550
$82,250
2024
$3,876 (+8.1%)
$6,700 + $75,550
$82,250
2023
$3,585
$4,750 + $54,100
$58,850
2022
$3,585 (−1.2%)
$4,750 + $54,100
$58,850
2021
$3,627 (+40.7%)
$4,750 + $54,100
$58,850
2020
$2,578 (+159.7%)
$4,750 + $54,100
$58,850
2019
$993 (+389.3%)
$2,800 + $32,775
$35,575
2018
$203 (+76.3%)
$2,800 + $10,900
$13,700
2017
$115
$2,800
Public record
Public record
Zoning
Beds
5
Baths
3.5
Stories
2
Lot width
63 ft.
Lot depth
150 ft.
Lot size
10,616 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
2,048
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,048
Year built
2019
Style
Single Family Residential
County
Shelby County
APN
058058 00019
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2026.
R-6
Residential Single Family-6 District
The single-family residential districts are intended to accommodate one single-family detached principal dwelling unit per lot. These districts should be applied in areas where the land-use pattern is predominately single-family residential or where such a land use pattern is desired in the future. Five single-family residential districts are established-R-6 which are differentiated primarily on the basis of minimum lot area and setback requirements. New R-6 districts are generally located in an infill or redevelopment location where similar lot sizes are part of the original fabric of development. Additionally, R-6 districts should have a shared street network with and are generally located at least 500 to 1,000 ft from a CMU-1, CMU-2, CMU-3, or CBD district.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Senior
Infrastructure
Educational / school
Fire house
Police station
Recreation
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 109° expected this year, 21 days in 30 years
4/10 Wind Factor
19% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38111
Average low and high temperatures (°F)
46
30
57
37
71
50
77
58
78
63
88
72
92
77
90
72
85
68
77
57
65
49
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.5 hours in
June and 4.8 hours in December, placing it above the
U.S. average for solar exposure.
10.5 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1071 Getwell Rd
There isn’t enough information to generate an accurate estimate at this time. Learn More
More resources
Rental earnings
Est. $2,155 per month, based on comparable rentals