Turnkey investment opportunity! Tenant-occupied property generating $1,100/month in steady rental income. Ideal for investors seeking immediate cash flow with minimal upfront work. Tenant in place—please do not disturb. Showings available with an accepted offer only. Great addition to a rental portfolio in a strong rental area. Property being sold as-is. Proof of funds or pre-approval required with offer.
Single-familyProperty Type
1974Year Built
1 spaceParking
Listed by Candace Chalmers• The Home Partners Realty
Bought with Dean Harris• CrestCore Realty MphsBrokerage
Memphis Area Association of Realtors(R) MLS #10212520
Mar 10, 2026
Price Changed
$112,500
Mar 6, 2026
Sold
$112,500
Jan 23, 2026
Price Changed
$120,000
Jan 9, 2026
Listed
$135,000
Memphis Area Association of Realtors(R) MLS #2662915
Dec 12, 2007
Sold
$73,000
Jan 26, 2007
Listed
$77,900
+2
Great home for 1st time buyer!Motivated Seller!Bring all offers! Fresh paint interior/ exterior. Refr/wash/dryer-(as-is). New carpet. Seller will assist in closing cost w/ full offer price. Ask about the $500 Move-In. 1 YR WARRANTY) REDUCED 8K!!
Memphis Area Association of Realtors(R) MLS #2561969
Jun 11, 2004
Sold
$52,000
Mar 3, 2004
Listed
$56,900
Bank owned, sold as is, needs work but has potential.
Public Records
Jan 12, 2001
Sold
$67,000
Public Records
Jul 6, 1999
Sold
$66,000
Public Records
Jul 2, 1975
Sold
$34,950
Year
Property tax
Land + Additions
Assessment*
2025
$1,598 (+29.4%)
$3,625 + $26,700
$30,325
2024
$1,235 (+8.1%)
$3,625 + $26,700
$30,325
2023
$1,142
$3,000 + $15,750
$18,750
2022
$1,142 (−1.2%)
$3,000 + $15,750
$18,750
2021
$1,156 (+9.6%)
$3,000 + $15,750
$18,750
2020
$1,054
$3,000 + $15,750
$18,750
2019
$1,054
$3,000 + $11,550
$14,550
2018
$1,054 (+76.3%)
$3,000 + $11,550
$14,550
2017
$598 (−2.1%)
$3,000 + $11,550
$14,550
2016
$611
$3,000 + $11,550
$14,550
2014
$611
$3,000 + $11,000
$14,000
Tax history for 2986 Meadowfair Dr
Year
Property tax
Land + Additions
Assessment*
2025
$1,598 (+29.4%)
$3,625 + $26,700
$30,325
2024
$1,235 (+8.1%)
$3,625 + $26,700
$30,325
2023
$1,142
$3,000 + $15,750
$18,750
2022
$1,142 (−1.2%)
$3,000 + $15,750
$18,750
2021
$1,156 (+9.6%)
$3,000 + $15,750
$18,750
2020
$1,054
$3,000 + $15,750
$18,750
2019
$1,054
$3,000 + $11,550
$14,550
2018
$1,054 (+76.3%)
$3,000 + $11,550
$14,550
2017
$598 (−2.1%)
$3,000 + $11,550
$14,550
2016
$611
$3,000 + $11,550
$14,550
2014
$611
$3,000 + $11,000
$14,000
*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
3
Baths
2
Stories
1
Lot width
60 ft.
Lot depth
125 ft.
Lot size
7,500 Sq. Ft.
Year renovated
—
Sq. Ft.
1,401
Year built
1974
Style
Single Family Residential
County
Shelby County
APN
094401 F00004
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 22, 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
Apr 16, 2026 • Final
Residential plumbing
Replace existing fixtures.
Plumbing
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: 15 x 13
Master Bedroom Dimensions: 15 x 13
Bedroom 2 Dimensions: 12 x 9
Bedroom 2 Dimensions: 12 x 9
Bedroom 3 Dimensions: 10 x 10
Bedroom 3 Dimensions: 10 x 10
Bathroom Information
# of Baths (Full): 2
# of Bathrooms (Full): 2
Interior Features
# of Rooms: 7
# of Stories: 1
Floors/Ceilings: Wall To Wall Carpet
Room Information
Living Room Dimensions: 16 x 12
Dining Room Dimensions:
Den/Great Room Dimensions: 19 x 5
Kitchen Dimensions: 19x10
Dining Room Dimensions: 0x0
Living Room Dimensions: 16x12
Living/Dining/Kitchen: Great Room, Separate Living Room
Den/Great Room Dimensions: 19x5
Additional Bedroom/Bathroom Info: All Bedrooms Down
Exterior
Exterior Features
Pool Description: None
Miscellaneous Exterior: Wrought Iron Security Doors
Exterior/Windows: Brick Veneer, Wood/Composition
Lot Information
Parcel ID: 094401 F00004
Lot Size: 7,500
Lot Description: Level, Some Trees
Area: 773Y
Property Information
Detached Single Family
Style: Traditional
Property Construction Status: Existing Property
Year Built: 1974
Financial
Tax Information
Annual City Tax: $782
Annual County Tax: $815
Financing
Buyer Contributions: 0
Utilities
Utility Information
Heating: Central
Cooling: Central
Location
Multi-Unit Information
Detached Unit Type: General Residential
Location Details
Directions: S. on Tchulahoma from Shelby Dr. , Right on Jackson, Left on Lakewood, Left on Meadowfair
MAAR Subdivision Name: Easthaven Sec D
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 1,401
Stories: 1.0
Lot Size: 7,500 square feet
Style: Single Family Residential
Year Built: 1974
Year Renovated: —
County: Shelby County
APN: 094401 F00004
Home facts updated by county records on Oct 22, 2026
Around this home
Schools
Ross Elementary School
Public PreK-5 • Assigned • 7.2mi
4/10
Oakhaven Middle School
Public 6-8 • Assigned • 2.3mi
4/10
Oakhaven High School
Public 9-12 • Assigned • 2.3mi
5/10
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
3/10 Fire Factor
0.31% chance of being 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
19% 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 • 38118
Average low and high temperatures (°F)
48
30
58
38
72
50
78
58
79
63
89
72
92
77
90
72
88
68
78
57
66
49
55
40
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
$124,000 – $150,000
Sell confidently with a local market expert in Memphis. 3 minutes to get started.