Turnkey Brick 3 bed, 1 bath investment property with detached ADU offering additional value and cash-flow potential. Property is vacant and easy to show. Roof is approximately 3 years old and was fully replaced, including decking. The property has been professionally managed and maintained since purchase. The detached structure in the rear offers additional value-add potential and could potentially be converted into a 1 bed, 1 bath unit for additional rental income or increased property value. Property is being sold AS-IS. Great opportunity for an investor or homebuyer looking for a solid property with additional income and value-add potential.
Bethel Grove, located between I-240 and Lamar Avenue, is a residential and commercial Memphis neighborhood with low-slung ranch homes and wide arterial corridors. The neighborhood’s energy concentrates around the Lamar Ave & Getwell Rd intersection, where auto shops, taquerias, and small storefronts line the blocks in a steady daytime hum. Nearby, the Dixon Gallery & Gardens adds a quiet cultural counterpoint with formal grounds and rotating exhibitions. Streetscapes mix mid-century brick houses, apartment courts, and light industrial pockets, giving the area a practical, workaday texture. Green space and trails at nearby parks shape an outdoors-minded routine, while the airport corridor keeps the geography oriented toward movement and logistics.
Provided by Walk Score and Local Logic
Market insights
2325 Riley Ave · $120,000
DAYS ON MARKET
1 days
The average home goes pending in 37 days.
SALE-TO-LIST
96.9%
Most homes are selling 3% below list price.
LIST PRICE
$120,000
Median sale price in this area is $279,084. (133% higher than this home)
PRICE DROP
0 price drops
23% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Hardwood flooring throughout
Updated/renovated kitchen
Pantry
Washer/dryer connections
Six total rooms
Single-story layout
Efficient/studio possible layout
Bedrooms
3 bedrooms (all on the main level; master on main level)
Bathrooms
1 full bathroom
Kitchen
Updated/renovated kitchen
Pantry
Laundry & utility
Washer/Dryer connections
Storage room(s)
Workshop(s)
Flooring
Hardwood throughout
Other flooring (see remarks)
Heating & cooling
Gas heating
Window cooling units
Exterior features
Brick veneer exterior
Storage building on site
Some trees
Level lot/yard
Home design
Detached single-family home
Built in 1943
Other style (see remarks)
Existing property
Parking
Driveway/pad
Construction
Brick veneer construction
Year built 1943
Utilities
Gas heating
Window unit cooling
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10230816
Sep 21, 2026
Listed
$120,000
Memphis Area Association of Realtors(R) MLS #10156204
Sep 25, 2023
Sold
$115,000
Sep 7, 2023
Listed
$118,000
+5
Beautiful updated property. 3 bedroom 1 full bath. Tenant occupied $1,345/ month ANOTHER UNIT ON A BACK 1 BD 1 BATH FOR EXTRA INCOME. Second unit at the present time is vacant. Great area. Will not last long !
Memphis Area Association of Realtors(R) MLS #10131772
Feb 10, 2023
Sold
$55,000
Nov 14, 2022
Price Changed
$55,000
Sep 2, 2022
Price Changed
$39,000
Aug 22, 2022
Listed
$56,000
Price Reduced!!Appraised at 75K As IS!! Great potential. Needs rehab and selling As IS. Currently occupied.
Memphis Area Association of Realtors(R) MLS #1
Jul 18, 2022
Price Changed
$59,000
Jul 9, 2022
Price Changed
$62,000
Public Records
Feb 16, 1976
Sold
$21,500
Year
Property tax
Land + Additions
Assessment*
2025
$1,569 (+12.5%)
$2,450 + $27,325
$29,775
2024
$1,394 (+71.5%)
$2,450 + $27,325
$29,775
2023
$813
$1,125 + $20,050
$21,175
2022
$813 (+6.6%)
$1,125 + $12,225
$13,350
2021
$763 (+11.4%)
$1,125 + $12,225
$13,350
2020
$685
$1,125 + $12,225
$13,350
2019
$685
$1,125 + $8,325
$9,450
2018
$685 (+76.3%)
$1,125 + $8,325
$9,450
2017
$388 (−5.3%)
$1,125 + $8,325
$9,450
2016
$410
$1,125 + $8,325
$9,450
2014
$410
$1,125 + $8,275
$9,400
Public record
Public record
Zoning
Beds
3
Baths
1
Stories
1
Lot width
51 ft.
Lot depth
150 ft.
Lot size
7,556 Sq. Ft.
Year renovated
2005
Finished Sq. Ft.
1,177
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,177
Year built
1943
Style
Single Family Residential
County
Shelby County
APN
047024 00004
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
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 108° expected this year, 21 days in 30 years
4/10 Wind Factor
15% 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 • 38114
Average low and high temperatures (°F)
46
30
56
38
70
50
77
58
78
63
88
72
92
77
89
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
Redfin Estimate for 2325 Riley Ave
$120,395
$395 over list price of $120K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $62K to $196K.