Fantastic investment opportunity in the Shelby area. This 3br/1 bath single-family home is in the 38128 area. Cash flowing with a monthly rental amount of $895/month. The lease ends on 6/30/2027. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.
Single-familyProperty Type
1951Year Built
0.95 acresLot Size
2 spacesParking
Listed by Dean Harris• CrestCore Realty MphsBrokerage
Springhill Community Civic Club, located between I-240 and Poplar Avenue, is a residential and suburban Memphis neighborhood with curving streets and mature tree cover. The neighborhood’s character concentrates around the Poplar Avenue corridor near Ridgeway Road, where office parks, local eateries, and steady commuter traffic set a polished, weekday rhythm. Housing trends toward mid-century ranches and later brick builds on generous lots, with a quiet, inward-facing street pattern. Daily routines often orbit nearby green space and the retail spine along Poplar. Cultural touchpoints sit close by at the Memphis Botanic Garden and the Dixon Gallery & Gardens. The feel is orderly and low-key, with most activity flowing to the main arterials.
Provided by Walk Score and Local Logic
Offer insights
2765 Walnut Rd · $96,400
$96.42K and above
75% chance or better to win
Why $96.42K+ is a strong offer
DAYS ON MARKET
200 days
The average home goes pending in 35 days.
SALE-TO-LIST
96.6%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bedroom
Interior features
7 total rooms
One-story layout
Floors/ceilings: see remarks
Living/Dining/Kitchen: see remarks
Additional bedroom/bathroom details: see remarks
Bedrooms
3 bedrooms (all on lower level)
Bathrooms
1 full bathroom
Heating & cooling
Heating: see remarks
Cooling: see remarks
Exterior features
No pool
Miscellaneous exterior features: see remarks
Exterior/windows: see remarks
Home design
Detached single-family home
Style: see remarks
Existing property built in 1951
Parking
2 covered parking spaces
Additional parking/storage: other (see remarks)
Construction
Year built: 1951
Utilities
Acreage approximately 0.95
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10214048
Jun 16, 2026
Price Changed
$96,400
Mar 3, 2026
Price Changed
$99,900
Feb 5, 2026
Listed
$104,900
Public Records
Mar 13, 2019
Sold
$141,900
Memphis Area Association of Realtors(R) MLS #9940349
Jul 31, 2015
Sold
$55,000
Apr 8, 2015
Price Changed
$55,000
Dec 11, 2014
Listed
$57,000
+4
Situated in Scenic Hills of Raleigh, this home is a real value. New roof, new windows & updated bathroom lets you know that this present owner maintained it well. No more rent!
Public Records
Feb 20, 1997
Sold
$48,000
Year
Property tax
Land + Additions
Assessment*
2025
$1,485 (+18.2%)
$3,650 + $24,525
$28,175
2024
$1,256 (+8.1%)
$3,650 + $24,525
$28,175
2023
$1,162
$3,275 + $15,800
$19,075
2022
$1,162 (−1.2%)
$3,275 + $15,800
$19,075
2021
$1,176 (+23.6%)
$3,275 + $15,800
$19,075
2020
$951
$3,275 + $15,800
$19,075
2019
$951
$3,275 + $9,850
$13,125
2018
$951 (+76.3%)
$3,275 + $9,850
$13,125
2017
$539 (−7.2%)
$3,275 + $9,850
$13,125
2016
$581
$3,275 + $9,850
$13,125
2014
$581
$3,275 + $10,025
$13,300
Public record
Public record
Zoning
Beds
4
Baths
1
Stories
1.2
Lot width
100 ft.
Lot depth
414 ft.
Lot size
0.95 Acres
Year renovated
—
Finished Sq. Ft.
1,348
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,348
Year built
1951
Style
Single Family Residential
County
Shelby County
APN
083019 00018
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 14, 2026.
R-10
Residential Single-Family-10 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. 5 single-family residential districts are established-R-10 which are differentiated primarily on the basis of minimum lot area and setback requirements.; New R-10 districts are generally located at least 1,500 to 2,000 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 110° expected this year, 21 days in 30 years
4/10 Wind Factor
17% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38128
Average low and high temperatures (°F)
46
29
57
36
71
50
78
58
79
62
89
72
93
76
90
71
85
66
77
55
65
48
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
96/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.1 hrs
5.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2765 Walnut Rd
$90,039
$6,361 under list price of $96K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $68K to $220K.