TURNKEY INVESTMENT OPPORTUNITY! This tenant-occupied 4-bedroom, 2-bath home is currently rented for $2,100/ month through 04/30/2028, providing immediate rental income with an established tenant already in place. The home offers a functional floor plan and convenient parking, making it a solid addition to an investment portfolio. Whether you’re an experienced investor looking to grow your portfolio or purchasing your first rental property, this income-producing home offers an attractive opportunity at an affordable price point. Please do not disturb the tenant. No showings without an accepted offer. Financials available upon request. No wholesalers, assignments, or creative financing! PROFESSIONALLY MANAGED IN-HOUSE Owner/Agent
Single-familyProperty Type
1952Year Built
8,712 sq ftLot Size
1 spaceParking
Listed by James Wachob• Foundation Property Management
Colonial Acres, located between East Parkway and I-240, is a residential and mid-century Memphis neighborhood with ranch-style streetscapes and a leafy, park-adjacent feel. The neighborhood’s character concentrates around the Park Avenue and Getwell Road corridor, where low-slung storefronts, local eateries, and everyday services set a steady, lived-in rhythm. Housing leans toward brick one-stories and tidy lots, with curving blocks that soften traffic and add a suburban cadence inside the city. The edge of the area ties into the green expanse of Audubon Park and the Memphis Botanic Garden for long walks and open lawns. Nearby anchors like the Dixon Gallery & Gardens and Theatre Memphis add a cultural counterpoint to the quiet blocks. Errands and dining cluster along Park and Poplar, keeping the geography practical without changing the calm tone.
Provided by Walk Score and Local Logic
Offer insights
1416 Marcia Rd · $279,900
$280K and above
75% chance or better to win
Why $280K+ is a strong offer
DAYS ON MARKET
114 days
The average home goes pending in 37 days.
SALE-TO-LIST
96.8%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
One-story home
8 total rooms
Tile and vinyl flooring
All bedrooms on the main level
Washer/dryer connections
Bedrooms
4 bedrooms (all on the main level)
Bathrooms
2 full bathrooms
Kitchen
Separate dining room and separate living room (living/dining/kitchen separate spaces)
Laundry & utility
Washer/dryer connections
Flooring
Tile flooring
Vinyl flooring
Heating & cooling
Central heating
Central cooling
Exterior features
Porch
Brick veneer exterior
Level lot
Home design
Detached single-family home
Traditional style
Built in 1952
Parking
Back-load garage
Driveway/pad
1 covered parking space
Construction
Brick veneer construction
Year built 1952
Utilities
Central heating
Central cooling
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10220330
Apr 28, 2026
Listed
$279,900
BUILDIUM #1
Apr 17, 2026
Rental Removed
$2,100
Apr 3, 2026
Price Changed
$2,100
Apr 2, 2026
Listed for Rent
$2,250
Oct 22, 2025
Rental Removed
$2,300
Sep 4, 2025
Listed for Rent
$2,300
Aug 27, 2025
Rental Removed
$2,300
Aug 22, 2025
Listed for Rent
$2,300
Public Records
Sep 2, 2025
Sold
$150,000
Memphis Area Association of Realtors(R) MLS #3212414
Dec 10, 2010
Sold
$80,000
Nov 16, 2010
Listed
$80,000
Memphis Area Association of Realtors(R) MLS #2591373
Dec 15, 2005
Sold
$78,100
Feb 18, 2005
Listed
$97,000
+1
Fantastic East Memphis location! Great large family home built with children in mind. Approx 1900 s. f. Lr and DR w/ elegant fixtures, breakfast area w/ built in seating, game rm w/ glass doors opening to patio.
Year
Property tax
Land + Additions
Assessment*
2025
$2,977 (−6.8%)
$9,575 + $46,900
$56,475
2024
$3,196 (+8.1%)
$9,575 + $46,900
$56,475
2023
$2,956
$6,650 + $41,875
$48,525
2022
$2,956 (−1.2%)
$6,650 + $41,875
$48,525
2021
$2,991 (+39.8%)
$6,650 + $41,875
$48,525
2020
$2,139
$6,650 + $41,875
$48,525
2019
$2,139
$6,650 + $22,875
$29,525
2018
$2,139 (+76.3%)
$6,650 + $22,875
$29,525
2017
$1,213 (+2.0%)
$6,650 + $22,875
$29,525
2016
$1,190
$6,650 + $22,875
$29,525
2014
$1,190
$6,050 + $21,200
$27,250
Public record
Public record
Zoning
Permits
Beds
3
Baths
2
Stories
1
Lot width
60 ft.
Lot depth
150 ft.
Lot size
9,000 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
1,996
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,996
Year built
1952
Style
Single Family Residential
County
Shelby County
APN
066055 00020
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 complete heating and air conditioning system.
HVAC
Oct 7, 2020 • Final
Residential plumbing
Replace the water heater.
Plumbing
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.
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
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38117
Average low and high temperatures (°F)
47
30
57
38
72
50
78
58
79
63
88
72
93
77
90
71
86
68
78
57
66
49
54
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
91/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.2 hrs
5.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1416 Marcia Rd
$275,185
$4,715 under list price of $280K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $248K to $290K.