VA/FHA Approved home! Seller offering rate buy down on DSCR loans for this property and a 1 year everything warranty also 4 bed, 2 bath brick home in Memphis fully renovated, this property is generating income from day one. No rehab costs, no holding costs while you wait on repairs, just collect the rent checks from the property manager! This home is rented at $1195 on an annual Section 8 lease putting your potential gross yield in the 10-12% range at asking price. (do your own due diligence) Solid numbers for a single-family buy and hold. The brick construction means low exterior maintenance and durability that newer vinyl sided homes can't match. Updates are already done, so your capital goes toward acquiring the asset, not fixing it. Memphis continues to attract investors with its low entry prices, strong rental demand, and landlord-friendly Tennessee laws like no rent control, straightforward eviction process, and no state income tax.
Nonconnah, located between I-240 and the Nonconnah Creek Greenbelt, is a residential and industrial Memphis neighborhood with rail corridors and wide arterial roads. The neighborhood’s energy concentrates around the busy junction of Getwell Road and American Way, where auto shops, taquerias, and warehouse storefronts line the drive. Local pillars include the Memphis Botanic Garden, Dixon Gallery & Gardens, and the University of Memphis, each shaping nearby culture and weekend routines. Housing trends toward mid-century ranches and practical brick builds set back on generous lots. Greenway segments and creek-side paths add a quieter counterpoint to the freight-and-traffic soundtrack. Daily life reads as utilitarian, with pockets of shade and parkland breaking up the commercial grid.
Provided by Walk Score and Local Logic
Offer insights
194 E Biscayne Rd · $124,900
$125K and above
75% chance or better to win
Why $125K+ is a strong offer
DAYS ON MARKET
75 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
Living
Interior features
One-story layout
Eat-in kitchen
Porch
Bedrooms
4 bedrooms (all on the main/lower level)
Master bedroom about 12 x 10
Bathrooms
2 full bathrooms
Kitchen
Eat-in kitchen
Flooring
Vinyl flooring
Heating & cooling
Wall unit heating
No central cooling
Exterior features
Brick veneer exterior
Wooded lot
Porch
Home design
Detached single-family home
Traditional style
Built in 1956
Parking
Driveway/pad parking
On-street parking
Construction
Brick veneer construction
Existing property (not new)
Utilities
Wall unit heating
No cooling system listed
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10224807
Aug 20, 2026
Price Changed
$124,900
Jun 25, 2026
Listed
$130,000
BUILDIUM #3
Jun 7, 2026
Rental Removed
$1,195
Mar 14, 2026
Price Changed
$1,195
Mar 6, 2026
Listed for Rent
$1,500
Memphis Area Association of Realtors(R) MLS #4
Mar 18, 2026
Price Changed
$124,900
REALTRACS as Distributed by MLS Grid #3177617
Apr 16, 2026
Listing Removed
—
Mar 4, 2026
Listed
$124,900
Public Records
Apr 24, 2025
Sold
$52,000
Memphis Area Association of Realtors(R) MLS #2
Jan 29, 2025
Price Changed
$64,000
Jan 27, 2025
Price Changed
$68,400
Jan 24, 2025
Price Changed
$68,500
Jan 23, 2025
Price Changed
$69,000
Jan 18, 2025
Price Changed
$69,513
Memphis Area Association of Realtors(R) MLS #1
Nov 6, 2024
Price Changed
$67,900
Nov 1, 2024
Price Changed
$73,500
Oct 25, 2024
Price Changed
$75,700
Public Records
Jun 16, 2021
Sold
$50,000
Public Records
Mar 24, 2016
Sold
$35,000
Memphis Area Association of Realtors(R) MLS #3265187
Mar 28, 2014
Sold
$17,450
Feb 14, 2013
Listed
$29,000
Year
Property tax
Land + Additions
Assessment*
2025
$789 (+60.3%)
$2,225 + $12,750
$14,975
2024
$492 (+8.1%)
$2,225 + $12,750
$14,975
2023
$455
$1,375 + $6,100
$7,475
2022
$455 (−1.2%)
$1,375 + $6,100
$7,475
2021
$461 (−35.3%)
$1,375 + $6,100
$7,475
2020
$712
$1,375 + $6,100
$7,475
2019
$712
$1,375 + $8,450
$9,825
2018
$712 (+76.3%)
$1,375 + $8,450
$9,825
2017
$404 (−9.5%)
$1,375 + $8,450
$9,825
2016
$446
$1,375 + $8,450
$9,825
2014
$446
$1,375 + $8,850
$10,225
Public record
Public record
Zoning
Beds
3
Baths
2
Stories
1
Lot width
70 ft.
Lot depth
200 ft.
Lot size
0.32 Acres
Year renovated
—
Finished Sq. Ft.
1,165
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,165
Year built
1956
Style
Single Family Residential
County
Shelby County
APN
050122 00009
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 16, 2026.
RU-3
Residential Urban-3 District
Residential development in the RU-3 District allows a variety of housing types including single-family detached (conventional, side yard house, Cottage), single-family attached (semi-attached, two-family, townhouse), and multifamily (large home, stacked townhouse, apartment). New RU-3 districts are generally located in an infill or redevelopment location where similar lot sizes are part of the original fabric of development. Additionally, RU-3 districts should have a shared street network with and are generally located at least 500 ft from a CMU-1, CMU2, CMU-3, or CBD district or are within 500 ft of an arterial.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Housing-Multiple units
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
16% 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 • 38109
Average low and high temperatures (°F)
46
30
56
38
71
50
77
58
78
63
87
72
92
76
89
71
85
67
77
57
65
49
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
94/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 25% for direct sun exposure in the zip code. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.5 hrs
6.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 194 E Biscayne Rd
$122,107
$2,793 under list price of $125K
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $40K to $133K.