Price Improvement! Great investment opportunity in an established Memphis neighborhood. This 4 sided brick home was built in 1951 on a spacious 0.24 acre lot and was fully renovated turnkey in 2022, giving investors a truly ready asset with none of the guesswork. Currently rented for instant cash flow, with rent roll available upon request. Enjoy a beautiful patio, perfect for relaxing evenings, along with a detached shop in the back offering extra storage or workspace. Ideal for any investor seeking a hands off, income producing property. Conveniently located off Macon Rd with easy access to shopping, dining, and commuter routes, supporting long term rental demand and tenant retention. Professional local management is already in place, making this a truly hands off investment from day one.
Single-familyProperty Type
1953Year Built
10,018 sq ftLot Size
1 spaceParking
Listed by Bradley Puckett• Reedy & Company, REALTORS
Berclair, located between East Parkway and Summer Avenue, is a residential and commercial Memphis neighborhood with mid-century ranch homes and a long strip of international eateries. The neighborhood’s character concentrates around the Summer Avenue corridor near White Station Road, where taquerias, bakeries, produce markets, and repair shops keep the sidewalks active. Housing leans toward brick one-stories and tidy postwar blocks, with small apartment communities mixed in. The Summer Avenue food scene anchors daily routines, while nearby green space shapes a calmer pace. The Dixon Gallery & Gardens and the Memphis Botanic Garden add cultural and outdoor counterpoints just south of the neighborhood.
Provided by Walk Score and Local Logic
Offer insights
1180 Russwood Rd · $140,000
$140K and above
75% chance or better to win
Why $140K+ is a strong offer
DAYS ON MARKET
40 days
The average home goes pending in 47 days.
SALE-TO-LIST
97.1%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Interior features
Five total rooms
Single-story
Vinyl floors
All bedrooms are on the ground level
Bedrooms
Two bedrooms
Master bedroom about 15 x 12
Bathrooms
One full bathroom
Kitchen
Washer/dryer connection in the kitchen
Laundry & utility
Washer/dryer connections (separate)
Flooring
Vinyl flooring throughout
Heating & cooling
Central heating
Central air conditioning
Exterior features
Porch
Covered patio
Wood/composition exterior
Level lot
Home design
Detached single-family home
Traditional style
Built in 1953
Parking
Driveway/pad
Front-load garage with one covered parking space
Construction
Wood/composition exterior materials
Existing property (established construction)
Utilities
Public utilities (implied by central heating and cooling)
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10229080
Sep 30, 2026
Price Changed
$140,000
Aug 25, 2026
Listed
$150,000
Memphis Area Association of Realtors(R) MLS #10116851
Apr 11, 2022
Sold
$149,900
Jan 25, 2022
Listed
$149,900
+4
Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2022 standards! Target rent = $995 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!
Public Records
Sep 14, 2021
Sold
$60,000
Memphis Area Association of Realtors(R) MLS #2517478
Feb 13, 2003
Sold
$63,000
Aug 12, 2002
Listed
$62,900
Solid brick home with central air & heat; fenced yard; workshop/garage; trees; stable neighborhood; priced right; vacant, ready for someone tired of paying rent.
Public Records
Mar 7, 1996
Sold
$49,576
Public Records
May 7, 1971
Sold
$13,500
Year
Property tax
Land + Additions
Assessment*
2025
$1,571 (+73.8%)
$4,125 + $25,675
$29,800
2024
$904 (+8.1%)
$4,125 + $25,675
$29,800
2023
$836
$2,500 + $11,225
$13,725
2022
$836 (−1.2%)
$2,500 + $11,225
$13,725
2021
$846 (+13.6%)
$2,500 + $11,225
$13,725
2020
$745
$2,500 + $11,225
$13,725
2019
$745
$2,500 + $7,775
$10,275
2018
$745 (+76.3%)
$2,500 + $7,775
$10,275
2017
$422 (−7.6%)
$2,500 + $7,775
$10,275
2016
$457
$2,500 + $7,775
$10,275
2014
$457
$2,500 + $7,975
$10,475
Public record
Public record
Zoning
Beds
2
Baths
1
Stories
1
Lot width
75 ft.
Lot depth
110 ft.
Lot size
10,420 Sq. Ft.
Year renovated
1987
Finished Sq. Ft.
856
Unfinished Sq. Ft.
—
Total Sq. Ft.
856
Year built
1951
Style
Single Family Residential
County
Shelby County
APN
053111 00022
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
16% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38122
Average low and high temperatures (°F)
47
30
57
38
71
50
78
58
79
63
89
72
93
77
90
71
88
68
77
57
65
49
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
89/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Memphis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1180 Russwood Rd
$138,361
$1,639 under list price of $140K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $83K to $179K.