Tenant-Occupied Investment Property at 2382 Vanderbilt — $900/mo Cash-flowing single-family rental with an excellent tenant already in place paying $900/month, offering investors immediate, dependable income. With a strong tenant and no lease-up period required, this is a true turnkey addition to any rental portfolio. This is a straightforward, hands-off opportunity for investors seeking steady returns from a stabilized asset. Reliable tenants like this one are what make a rental property genuinely low-maintenance — reach out for the rent roll and lease details. Please note: No showings without an accepted offer No seller financing or creative financing — cash or conventional financing only
Sixty Point One Ward, located between I-240 and the Mississippi River, is a residential and industrial Memphis neighborhood with warehouse corridors and pocket parks. The neighborhood’s character concentrates around the South Main Street and G.E. Patterson Avenue crossroads, where galleries, coffee counters, and small music rooms line the sidewalks. The National Civil Rights Museum at the Lorraine Motel, the Orpheum Theatre, and Central Station anchor the cultural calendar. Brick loft conversions and older storefront blocks set an urban, walkable streetscape. Rail lines and riverfront edges shape the geography, with long views and big-sky light. Side streets shift quieter, with a mix of apartments and townhomes near civic plazas.
Provided by Walk Score and Local Logic
Offer insights
2382 Vanderbilt Rd · $100,000
$100K and above
75% chance or better to win
Why $100K+ is a strong offer
DAYS ON MARKET
16 days
The average home goes pending in 35 days.
SALE-TO-LIST
96.7%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Bathroom
Interior features
Four total rooms
Single-story layout
Floors/ceilings: Other (see remarks)
Bedrooms
2 bedrooms
All bedrooms on the main level
Bathrooms
1 full bathroom
Heating & cooling
Central heating
Central cooling
Exterior features
Wrought iron security doors
No pool
Level lot
Home design
Detached single-family home
Traditional style
Built in 1947
Parking
Driveway/pad parking
Security
Wrought iron security doors
Construction
Conventional foundation
Composition shingle roof
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10228428
Aug 14, 2026
Listed
$100,000
Year
Property tax
Land + Additions
Assessment*
2025
$692 (+18.7%)
$2,000 + $11,125
$13,125
2024
$583 (+8.1%)
$2,000 + $11,125
$13,125
2023
$539
$1,625 + $7,225
$8,850
2022
$539 (−1.2%)
$1,625 + $7,225
$8,850
2021
$545 (−11.7%)
$1,625 + $7,225
$8,850
2020
$618
$1,625 + $7,225
$8,850
2019
$618
$1,625 + $6,900
$8,525
2018
$618 (+76.3%)
$1,625 + $6,900
$8,525
2017
$350 (−2.9%)
$1,625 + $6,900
$8,525
2016
$361
$1,625 + $6,900
$8,525
2014
$361
$1,625 + $6,650
$8,275
Public record
Public record
Zoning
Beds
2
Baths
1
Stories
1
Lot width
80 ft.
Lot depth
250 ft.
Lot size
0.46 Acres
Year renovated
—
Finished Sq. Ft.
870
Unfinished Sq. Ft.
—
Total Sq. Ft.
870
Year built
1947
Style
Single Family Residential
County
Shelby County
APN
060020 00032
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 109° expected this year, 19 days in 30 years
4/10 Wind Factor
21% 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 • 38106
Average low and high temperatures (°F)
46
30
56
38
70
50
76
58
78
63
87
72
92
77
90
72
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
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9 hrs
6.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2382 Vanderbilt Rd
$96,683
$3,317 under list price of $100K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $28K to $139K.