Turnkey investment opportunity in Memphis with immediate rental income. This 3-bedroom, 1-bath home is tenant-occupied at $1,250 per month, making it an ideal addition to any investor’s portfolio. The property features an updated kitchen, newer roof, and a brand-new HVAC unit, reducing major maintenance concerns for the next owner. Inside, the functional layout offers comfortable living spaces, while outside tenants enjoy a large screened-in porch overlooking a fully fenced backyard—perfect for relaxing or entertaining. (All photos have been virtually staged)
Single-familyProperty Type
1952Year Built
0.45 acresLot Size
1 spaceParking
Listed by Stephanie Evans Taylor• Sowell, Realtors
Est. $1,422 per month, based on comparable rentals
Sale and tax history for 1407 W Flamingo Rd
Sale History
Tax History
Date
Event
Price
Memphis Area Association of Realtors(R) MLS #10216682
Apr 15, 2026
Sold
$132,500
Mar 13, 2026
Listed
$139,900
TENANTTURNER2 #3
Oct 26, 2025
Rental Removed
$1,250
Oct 11, 2025
Price Changed
$1,250
Jul 30, 2025
Price Changed
$1,400
Jun 17, 2025
Listed for Rent
$1,550
Memphis Area Association of Realtors(R) MLS #2
Aug 14, 2025
Price Changed
$149,000
Jul 11, 2025
Price Changed
$159,000
May 28, 2025
Price Changed
$169,000
May 13, 2025
Price Changed
$179,900
Memphis Area Association of Realtors(R) MLS #1
Aug 22, 2022
Price Changed
$189,000
Jul 27, 2022
Price Changed
$199,000
Memphis Area Association of Realtors(R) MLS #10028118
Jul 16, 2018
Sold
$71,000
May 29, 2018
Listed
$79,900
Memphis Area Association of Realtors(R) MLS #2669243
Jun 14, 2007
Sold
$82,300
Mar 19, 2007
Listed
$79,900
Memphis Area Association of Realtors(R) MLS #1400551
Apr 30, 2001
Sold
$72,500
Jan 9, 2001
Listed
$74,900
Public Records
Dec 15, 1989
Sold
$65,700
Year
Property tax
Land + Additions
Assessment*
2025
$1,816 (−6.5%)
$8,000 + $26,450
$34,450
2024
$1,941 (+8.1%)
$8,000 + $26,450
$34,450
2023
$1,796
$4,425 + $25,050
$29,475
2022
$1,796 (−1.2%)
$4,425 + $25,050
$29,475
2021
$1,817 (+58.4%)
$4,425 + $25,050
$29,475
2020
$1,147
$4,425 + $25,050
$29,475
2019
$1,147
$4,425 + $11,400
$15,825
2018
$1,147 (+76.3%)
$4,425 + $11,400
$15,825
2017
$650 (−10.7%)
$4,425 + $11,400
$15,825
2016
$728
$4,425 + $11,400
$15,825
2014
$728
$5,650 + $11,025
$16,675
Public record
Public record
Zoning
Permits
Beds
3
Baths
1
Stories
1
Lot width
62 ft.
Lot depth
336 ft.
Lot size
0.46 Acres
Year renovated
—
Sq. Ft.
1,056
Year built
1952
Style
Single Family Residential
County
Shelby County
APN
066001 00013
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 14, 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
Oct 7, 2020 • Final
Residential mechanical
Install a new condenser unit.
Heat pump
HVAC
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.
Property details
Parking
Parking Information
# of Covered Parking Spaces: 1
Parking/Storage: Driveway/Pad
Interior
Bedroom Information
# of Bedrooms (Lower): 3
# of Bedrooms: 3
# of Bedrooms: 3
# of Bedrooms Down: 3
Master Bedroom Dimensions: 14 x 11
Master Bedroom Dimensions: 14 x 11
Primary Bedroom: Hardwood Floor, Level 1
Bedroom 2 Dimensions: 12 x 11
Bedroom 2 Dimensions: 12 x 11
Bedroom 2 Description: Hardwood Floor, Level 1
Bedroom 3 Dimensions: 11 x 10
Bedroom 3 Dimensions: 11 x 10
Bedroom 3 Description: Hardwood Floor, Level 1
Bathroom Information
# of Baths (Full): 1
# of Bathrooms (Full): 1
Interior Features
# of Rooms: 6
# of Stories: 1
1st Story Floor Plan: 2nd Bedroom, 3rd Bedroom, Dining Room, Kitchen, Living Room, 1 Bathroom, Master Bedroom
Interior Equipment: Range/Oven
Floors/Ceilings: Hardwood Throughout
Room Information
Living Room Dimensions: 11 x 15
Dining Room Dimensions: 10 x 8
Den/Great Room Dimensions:
Kitchen Dimensions: 15x7
Dining Room Dimensions: 10x8
Living Room Dimensions: 11x15
Living/Dining/Kitchen: Living Room/Dining Room Combination, Pantry, Updated/Renovated Kitchen, Washer/Dryer Connections
Den/Great Room Dimensions: 0x0
Additional Bedroom/Bathroom Info: All Bedrooms Down