This building is located in North Memphis, near downtown. The units are all 2 bedrooms. The total scheduled monthly rent is 1150 per month. Single story brick building. Tenants pay all utilities. Good upside in rent !!! Drive by only, please. Make offer cont on inspection.
Memphis Area Association of Realtors(R) MLS #10022389
Aug 6, 2018
Sold
$71,400
Jun 18, 2018
Price Changed
$73,900
Mar 14, 2018
Listed
$89,000
Memphis Area Association of Realtors(R) MLS #2613535
May 23, 2006
Sold
$45,000
Sep 21, 2005
Listed
$54,900
Great opportunity for a cash flow property. Current rents are $250 per unit. All tenants are on month to month due to sale of property. Please do not disturb tennants. Seller will help with closing cost.
Public Records
Oct 26, 2004
Sold
$34,000
Memphis Area Association of Realtors(R) MLS #2569778
Sep 1, 2004
Sold
$34,000
May 29, 2004
Listed
$35,000
Propety sold 'As is'. A investors delight!
Year
Property tax
Land + Additions
Assessment*
2025
$1,214 (+8.7%)
$6,200 + $16,840
$23,040
2024
$1,117 (+8.1%)
$6,200 + $16,840
$23,040
2023
$1,033
$4,120 + $12,840
$16,960
2022
$1,033 (−1.2%)
$4,120 + $12,840
$16,960
2021
$1,045 (−3.1%)
$4,120 + $12,840
$16,960
2020
$1,078
$4,120 + $12,840
$16,960
2019
$1,078
$4,120 + $10,760
$14,880
2018
$1,078 (+76.3%)
$4,120 + $10,760
$14,880
2017
$612 (+7.1%)
$4,120 + $10,760
$14,880
2016
$571
$4,120 + $10,760
$14,880
2014
$571
$4,080 + $9,000
$13,080
Tax history for 1148 Decatur St
Year
Property tax
Land + Additions
Assessment*
2025
$1,214 (+8.7%)
$6,200 + $16,840
$23,040
2024
$1,117 (+8.1%)
$6,200 + $16,840
$23,040
2023
$1,033
$4,120 + $12,840
$16,960
2022
$1,033 (−1.2%)
$4,120 + $12,840
$16,960
2021
$1,045 (−3.1%)
$4,120 + $12,840
$16,960
2020
$1,078
$4,120 + $12,840
$16,960
2019
$1,078
$4,120 + $10,760
$14,880
2018
$1,078 (+76.3%)
$4,120 + $10,760
$14,880
2017
$612 (+7.1%)
$4,120 + $10,760
$14,880
2016
$571
$4,120 + $10,760
$14,880
2014
$571
$4,080 + $9,000
$13,080
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
1
Baths
1
Stories
—
Lot width
105 ft.
Lot depth
—
Lot size
10,341 Sq. Ft.
Year renovated
—
Sq. Ft.
2,601
Year built
1941
Style
Multi-Family (5+ Unit)
County
Shelby County
APN
021050 00062
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2026.
RU-1
Residential Urban-1 District
Residential development in the RU-1 District allows a variety of housing types including single-family detached (conventional, side yard house, Cottage) and single-family attached (semi-attached, two-family). New RU-1 districts should have a shared street network with and are generally located at least 500 to 1,000 ft from a CMU-1, CMU2, CMU-3, or CBD district or at are least 500 to 1,000 ft from an arterial.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Educational/school
Fire house
Police station
Recreation
Park & open space
Jun 30, 2023 • Final
Residential electrical
Perform defect corrections and repair a ground rod.
Electrical
Oct 7, 2020 • Final
Residential mechanical
Perform a gas line air test.
Gas
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Directions: Take ramp left for I-40 East toward Nashville. At exit 2, take ramp right for Chelsea Ave toward Smith Ave. Turn left onto Chelsea Ave. Turn right onto Decatur St.
MAAR Subdivision Name: VICTORY COURTS
Public facts
Beds: 1
Baths: 1.0
Sq. Ft.: 2,601
Stories: —
Lot Size: 10,341 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1941
Year Renovated: —
County: Shelby County
APN: 021050 00062
Home facts updated by county records on Jul 13, 2026
Other
Listing Information
Possession: Tenants Rights
Around this home
Schools
Memphis Scholars Caldwell-Guthrie
Charter PreK-5 • Assigned • 0.3mi
2/10
Manassas High School
Public 9-12 • Assigned • 0.5mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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
16% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38107
Average low and high temperatures (°F)
46
29
56
37
70
50
77
58
78
63
87
72
93
76
90
70
85
67
77
56
65
48
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.6 hours in
June and 4.8 hours in December, placing it above the
U.S. average for solar exposure.