Perfect Rental History! Occupied rental property being professionally managed by Reedy and Company. The tenant moved in 04/10/2024 and is on a lease until 03/30/2027 currently paying $1450 a month with a perfect rental history. Roof is 8 years old and HVAC is 6 years old.
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
1536 Colonial Rd · $170,000
$170K and above
75% chance or better to win
Why $170K+ is a strong offer
DAYS ON MARKET
42 days
The average home goes pending in 47 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
Living
Dining
Interior features
One-story layout
One fireplace
Seven total rooms
Living room and dining room combined
Updated/renovated kitchen
All bedrooms are on the main level
Bedrooms
Three bedrooms (all on the main level)
Bathrooms
Two full bathrooms
Kitchen
Renovated kitchen
Flooring
Wood laminate flooring
Tile flooring
Heating & cooling
Central heating
Central air conditioning
Exterior features
Wrought iron security doors
Some trees
Level lot
Home design
Detached single-family home
Traditional style
Facing/entry level not specified
Existing property built in 1954
Parking
Driveway/pad parking
Security
Wrought iron security doors
Construction
Brick veneer and wood/composition exterior
Composition shingle roof
Slab foundation
Utilities
Public water
Public sewer
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10229688
Oct 1, 2026
Price Changed
$170,000
Sep 3, 2026
Listed
$180,000
Memphis Area Association of Realtors(R) MLS #10045243
Apr 12, 2019
Sold
$135,000
Feb 4, 2019
Listed
$135,000
Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2019 standards! Target rent = $1250 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!
Memphis Area Association of Realtors(R) MLS #2518944
Jan 29, 2003
Sold
$90,000
Aug 30, 2002
Listed
$85,000
3br, & hard to find 2 FULL baths, + den w/ fireplace, livingroom, large breakfast room, sep laundry room and large closet. Must see the 20x30 workshop! Fenced yard, beautiful trees, double drive, ready for occupancy!
Public Records
Aug 6, 1974
Sold
$27,500
Public Records
Oct 1, 1966
Sold
$13,500
Year
Property tax
Land + Additions
Assessment*
2025
$2,346 (+10.1%)
$7,875 + $36,625
$44,500
2024
$2,130 (+8.1%)
$7,875 + $36,625
$44,500
2023
$1,971
$4,700 + $27,650
$32,350
2022
$1,971 (−1.2%)
$4,700 + $27,650
$32,350
2021
$1,994 (+10.9%)
$4,700 + $27,650
$32,350
2020
$1,797
$4,700 + $27,650
$32,350
2019
$1,797
$4,700 + $20,100
$24,800
2018
$1,797 (+76.3%)
$4,700 + $20,100
$24,800
2017
$1,019 (+2.3%)
$4,700 + $20,100
$24,800
2016
$996
$4,700 + $20,100
$24,800
2014
$996
$5,225 + $17,575
$22,800
Public record
Public record
Zoning
Beds
3
Baths
2
Stories
1
Lot width
70 ft.
Lot depth
133 ft.
Lot size
9,310 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
1,496
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,496
Year built
1954
Style
Single Family Residential
County
Shelby County
APN
066068 00023
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
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
18% 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
92
77
90
71
88
68
78
57
66
49
54
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
87/ 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.
9 hrs
5.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1536 Colonial Rd
$166,643
$3,357 under list price of $170K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $159K to $199K.