It's not too often an investment property like this goes on the market! Right in the heart of Colonial Acres, this is a chance like few others! 3-bedrooms, occupied for $695 (market rent is $1,100+). Tax records say it's a 2-bed, but the management company has confirmed 3! Some information is unknown and must be confirmed by Buyer; buyer to confirm all facts prior to closing. Do not disturb tenant; no inspections until accepted contract. No assignable offers; they will be rejected.
Single-familyProperty Type
1954Year Built
7,405 sq ftLot Size
$155Est. Price/Sq.Ft.
1 spaceParking
Listed by Randall Weatherall• Memphis Metro Realty
Memphis Area Association of Realtors(R) MLS #10096326
Apr 29, 2021
Sold
$122,000
$122/sq ft
Mar 30, 2021
Listed
$159,900
$160/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,020 (+12.7%)
$7,875 + $30,450
$38,325
2024
$1,793 (+8.1%)
$7,875 + $30,450
$38,325
2023
$1,658
$4,700 + $22,525
$27,225
2022
$1,658 (−1.2%)
$4,700 + $22,525
$27,225
2021
$1,678 (+22.2%)
$4,700 + $22,525
$27,225
2020
$1,373
$4,700 + $22,525
$27,225
2019
$1,373
$4,700 + $14,250
$18,950
2018
$1,373 (+76.3%)
$4,700 + $14,250
$18,950
2017
$779 (−2.6%)
$4,700 + $14,250
$18,950
2016
$800
$4,700 + $14,250
$18,950
2014
$800
$5,225 + $13,100
$18,325
Tax history for 1494 Colonial Rd
Year
Property tax
Land + Additions
Assessment*
2025
$2,020 (+12.7%)
$7,875 + $30,450
$38,325
2024
$1,793 (+8.1%)
$7,875 + $30,450
$38,325
2023
$1,658
$4,700 + $22,525
$27,225
2022
$1,658 (−1.2%)
$4,700 + $22,525
$27,225
2021
$1,678 (+22.2%)
$4,700 + $22,525
$27,225
2020
$1,373
$4,700 + $22,525
$27,225
2019
$1,373
$4,700 + $14,250
$18,950
2018
$1,373 (+76.3%)
$4,700 + $14,250
$18,950
2017
$779 (−2.6%)
$4,700 + $14,250
$18,950
2016
$800
$4,700 + $14,250
$18,950
2014
$800
$5,225 + $13,100
$18,325
*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
3
Baths
2
Stories
1
Lot width
70 ft.
Lot depth
110 ft.
Lot size
7,700 Sq. Ft.
Year renovated
—
Sq. Ft.
1,042
Year built
1954
Style
Single Family Residential
County
Shelby County
APN
066068 00029
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 electrical
Replace a vandalized electrical service panel and feeders. Install new electrical receptacles, light fixtures, and smoke detectors.
Electrical
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
Carport/Garage: Carport
Parking/Storage: Driveway/Pad
Interior
Bedroom Information
# of Bedrooms: 3
# of Bedrooms: 3
Master Bedroom Dimensions:
Master Bedroom Dimensions:
Bathroom Information
# of Baths (Full): 1
# of Bathrooms (Full): 1
Interior Features
# of Rooms: 5
# of Stories: 1
Miscellaneous Interior: Pull Down Attic Stairs, Smoke Detector(s)
Floors/Ceilings: Other (See Remarks)
Room Information
Living Room Dimensions:
Dining Room Dimensions:
Den/Great Room Dimensions:
Dining Room Dimensions: 0x0
Living Room Dimensions: 0x0
Living/Dining/Kitchen: Separate Living Room
Den/Great Room Dimensions: 0x0
Additional Bedroom/Bathroom Info: All Bedrooms Down
Exterior
Exterior Features
Pool Description: None
Miscellaneous Exterior: Wrought Iron Security Doors, Chain Fence
Exterior/Windows: Brick Veneer
Roof: Composition Shingles
Land Information
Acreage: 0.17
Lot Information
Parcel ID: 066068 00029
Lot #: 2
Lot Size: 70X110
Lot Description: Some Trees, Level
Area: 759E
Property Information
Detached Single Family
Style: Traditional
Property Construction Status: Existing Property
Approx Heated Sq. Ft. Range: 1000-1199
Year Built: 1954
Financial
Tax Information
Annual City Tax: $605
Annual County Tax: $767
Financing
New Financing: Conventional
Utilities
Utility Information
Water & Sewer: Gas Water Heater, Public Water, Public Sewer
Heating: Central
Cooling: Window Unit(s)
Location
Multi-Unit Information
Detached Unit Type: General Residential
Location Details
Directions: Going S on S Perkins Rd, take a right onto Quince Rd. Then, take a left onto Colonial Rd and the house will be on the left.
MAAR Subdivision Name: COLONIAL ACRES
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 1,042
Stories: 1.0
Lot Size: 7,700 square feet
Style: Single Family Residential
Year Built: 1954
Year Renovated: —
County: Shelby County
APN: 066068 00029
Home facts updated by county records on Jul 13, 2026
Around this home
Schools
Sea Isle Elementary School
Public PreK-5 • Assigned • 0.9mi
4/10
Colonial Middle School
Public 6-8 • Assigned • 0.3mi
6/10
Overton 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
17% 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
91
72
86
68
78
57
66
49
54
40
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
Estimated sale price
$148,000 – $179,000
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Property information provided by Memphis Area Association of Realtors(R) MLS when last listed in 2021. This data may not match public records. Learn more.