Great investment opportunity in this rental income producing house. It has 3 bedrooms and 1 baths. Currently renting for $1,500 per month. so as not to disturb tenants inspection scheduled after an accepted offer. Over 15 other rental houses available also.
Memphis Area Association of Realtors(R) MLS #10180111
Jan 9, 2025
Sold
$112,000
Aug 28, 2024
Listed
$119,000
RENT. #3
May 12, 2022
Price Changed
$1,000
Memphis Area Association of Realtors(R) MLS #2
Jan 8, 2022
Price Changed
$90,000
Memphis Area Association of Realtors(R) MLS #1
Jun 14, 2020
Price Changed
$71,000
Public Records
Mar 24, 1999
Sold
$30,000
Memphis Area Association of Realtors(R) MLS #9903814
Mar 2, 1999
Listed
$30,000
Public Records
Apr 19, 1996
Sold
$16,800
Public Records
Oct 11, 1995
Sold
$31,500
Public Records
Nov 15, 1991
Sold
$32,225
Year
Property tax
Land + Additions
Assessment*
2025
$764 (+23.5%)
$2,625 + $18,350
$20,975
2024
$619 (+8.1%)
$2,625 + $11,875
$14,500
2023
$573
$1,250 + $8,150
$9,400
2022
$573 (−1.2%)
$1,250 + $8,150
$9,400
2021
$579 (+11.8%)
$1,250 + $8,150
$9,400
2020
$518
$1,250 + $8,150
$9,400
2019
$518
$1,250 + $5,900
$7,150
2018
$518 (+76.3%)
$1,250 + $5,900
$7,150
2017
$294 (+4.6%)
$1,250 + $5,900
$7,150
2016
$281
$1,250 + $5,900
$7,150
2014
$281
$1,250 + $5,200
$6,450
Tax history for 1591 Railton Rd
Year
Property tax
Land + Additions
Assessment*
2025
$764 (+23.5%)
$2,625 + $18,350
$20,975
2024
$619 (+8.1%)
$2,625 + $11,875
$14,500
2023
$573
$1,250 + $8,150
$9,400
2022
$573 (−1.2%)
$1,250 + $8,150
$9,400
2021
$579 (+11.8%)
$1,250 + $8,150
$9,400
2020
$518
$1,250 + $8,150
$9,400
2019
$518
$1,250 + $5,900
$7,150
2018
$518 (+76.3%)
$1,250 + $5,900
$7,150
2017
$294 (+4.6%)
$1,250 + $5,900
$7,150
2016
$281
$1,250 + $5,900
$7,150
2014
$281
$1,250 + $5,200
$6,450
*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
2
Baths
1
Stories
1
Lot width
54 ft.
Lot depth
181 ft.
Lot size
9,796 Sq. Ft.
Year renovated
1988
Sq. Ft.
807
Year built
1951
Style
Single Family Residential
County
Shelby County
APN
059037 00056
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
Jun 27, 2023 • Final
Residential mechanical
Perform a gas air test and repair or replace components as needed.
Gas
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:
Master Bedroom Dimensions:
Bathroom Information
# of Baths (Full): 1
# of Bathrooms (Full): 1
Interior Features
# of Rooms: 5
# of Stories: 1
Floors/Ceilings: Wall To Wall Carpet
Room Information
Living Room Dimensions:
Dining Room Dimensions:
Den/Great Room Dimensions:
Dining Room Dimensions: 0x0
Living Room Dimensions: 0x0
Living/Dining/Kitchen: Separate Dining Room, Separate Living Room
Den/Great Room Dimensions: 0x0
Additional Bedroom/Bathroom Info: All Bedrooms Down
Exterior
Exterior Features
Pool Description: None
Miscellaneous Exterior: Other (See Remarks)
Exterior/Windows: Vinyl Siding
Land Information
Acreage: 0.22
Lot Information
Parcel ID: 059037 00056
Lot #: 14
Lot Size: 0x0
Lot Description: Some Trees
Area: 757F
Property Information
Detached Single Family
Style: Traditional
Property Construction Status: Existing Property
Year Built: 1960
Financial
Tax Information
Annual City Tax: $219
Annual County Tax: $282
Financing
Buyer Contributions: 0
Utilities
Utility Information
Heating: Central
Cooling: Central
Location
Multi-Unit Information
Detached Unit Type: General Residential
Location Details
Directions: From I-240 W Towards Jackson MS, take exit 21 toward lamar ave, US-78, keep right. Right on Prescott, left on parker, right on railton.
MAAR Subdivision Name: CHEROKEE
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 807
Stories: 1.0
Lot Size: 9,796 square feet
Style: Single Family Residential
Year Built: 1951
Year Renovated: 1988
County: Shelby County
APN: 059037 00056
Home facts updated by county records on Jul 13, 2026
Around this home
Schools
Cherokee Elementary School
Public PreK-5 • Assigned • 0.6mi
6/10
Sherwood Middle School
Public 6-8 • Assigned • 0.9mi
5/10
Melrose High School
Public 9-12 • Assigned • 1.5mi
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
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38111
Average low and high temperatures (°F)
46
30
57
37
71
50
77
58
78
63
88
72
92
77
90
72
85
68
77
57
65
49
54
39
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
$108,000 – $131,000
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