For sale

$63,000

Est. $770/mo —

•

View

sq ft

2991 Walnut Grove Rd #2, Memphis, TN 38111

About this home

Welcome to this unique 1st-floor flat in a cooperative community, offering low-maintenance living in a central location. This 2BD, 1BA unit features hardwood floors throughout and an updated kitchen, with appliances just one year old that stay. New windows provide added efficiency and natural light. Unlike a traditional condo, this co-op ownership means residents are part owners of the entire community, creating a more connected and well-maintained environment. A security gate with cameras covering parking and entry points offer added peace of mind. The monthly HOA covers water/sewer, trash, property taxes, exterior insurance, and grounds maintenance, making for truly simplified living. Recent exterior updates include new siding and a newer roof. Ideally located within two miles of popular Midtown attractions (UofM, Liberty Stadium, MOSH, Memphis Zoo, etc. ) and under 5 miles to the Medical District, this property offers unbeatable convenience. Don't miss it!

Single-familyProperty Type

1956Year Built

$350/moHOA Dues

Listed by Amy Foster • Bryan Realty Group

Listing updated: Jul 13, 2026 at 04:50pm

Redfin checked: 3 minutes ago

•Source:Memphis Area Association of Realtors(R) MLS #10220063

Payment calculator

$770 per month

Principal and interest$331

Property taxes

HOA dues

Home insurance

Utilities

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Open houses

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Around this home

Schools

K - 12
Preschool & daycare

William Herbert Brewster Elementary School

Public PreK-5 • Assigned • 1.0mi

6/10

Treadwell Middle School

Public 6-8 • Assigned • 1.9mi

5/10

Douglass High School

Public 9-12 • Assigned • 2.8mi

2/10

Provided by GreatSchools

About

Binghampton

Binghampton, located between Midtown and East Memphis, is a historic and industrial Memphis neighborhood with warehouse corridors and pocket parks. The neighborhood’s character concentrates around Broad Avenue and Tillman Street, where murals, maker studios, galleries, and small eateries line the blocks. Crosstown Concourse anchors daily life with food stalls, events, and coworking under one roof. The Broad Avenue Arts District adds a walkable strip of studios and storefronts set against brick buildings and rail-adjacent streets. Housing ranges from early 20th-century cottages to modest bungalows, with newer creative workspaces in converted structures. Greenway links and nearby trails shape a bike-forward rhythm across the grid.

Provided by Walk Score and Local Logic

Market insights

2991 Walnut Grove Rd #2 · $63,000

DAYS ON MARKET

The average home goes pending in 35 days.

SALE-TO-LIST

Most homes are selling 3% below list price.

LIST PRICE

Median list price in this area is $250,000. (297% higher than this home)

PRICE DROP

26% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Living

Interior features
Updated/renovated kitchen
Living room and dining room combined
Washer/dryer connection in kitchen
Smoke detector(s)
Hardwood throughout
Smooth ceilings
4 total rooms
One-story layout

Bedrooms
Primary bedroom on level 1 with hardwood floors and smooth ceiling (12 x 12)
Second bedroom on level 1 with hardwood floors, shared bathroom, and smooth ceiling (12 x 12)
All bedrooms located on the main level

Bathrooms
One full bathroom located on the main level

Kitchen
Gas cooking
Range/oven
Microwave
Dishwasher
Disposal
Refrigerator

Laundry & utility
Washer/dryer connection in kitchen
Gas water heater

Flooring
Hardwood throughout

Heating & cooling
Central heating
Central cooling
Ceiling fan(s)

Sale and tax history for 2991 Walnut Grove Rd #2

Sale History
Tax History

Date

Event

Price

Memphis Area Association of Realtors(R) MLS #10220063

Jul 13, 2026

Price Changed

$63,000

May 2, 2026

Listed

$68,000

Memphis Area Association of Realtors(R) MLS #10192276

May 1, 2025

Sold

$69,000

Mar 17, 2025

Listed

$74,000

Rare opportunity to own this unique property just 5 minutes from U of M and 10 minutes from the medical center. It is a CO-OP not a Condo. This is a two bedroom one bath downstairs unit. Kitchen with new refrigerator and dishwasher. Hardwood floors throughout. Secure gated property with Security cameras throughout the complex covering all parking, entrance & exit gates. NO long or short term RENTALS are allowed in the Walnut Grove Apartments. Cash or bank loan only. Monthly HOA fee of $350 includes water/sewer, property taxes, exterior insurance and grounds maintenance and trash collection. Buyers pay $200 application fee for co-op approval.

Memphis Area Association of Realtors(R) MLS #10137644

Dec 6, 2022

Sold

$59,900

Nov 14, 2022

Listed

$59,900

Rare opportunity to own in this unique co-op property just 5 minutes from UofM and 10 minutes from the medical center. This 2 bedroom 1 bath downstairs apartment has updated kitchen and parquet floors. Secure gated property. HOA fee of $350 covers property taxes, ext. insurance, ext. and grounds maintenance, water/sewer & trash collection. Not a condo. Cash only. Seller will consider short term financing with substantial down payment. Buyers pay $200 application fee for co-op approval.

Public record

Public record
Zoning

Beds

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Baths

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Stories

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Lot width

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Lot depth

—

Lot size

—

Year renovated

—

Finished Sq. Ft.

—

Unfinished Sq. Ft.

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Total Sq. Ft.

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Year built

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Style

Single Family Residential

County

Shelby County

APN

044012 00001

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

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Last updated by owner on Aug 5, 2025.

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

7/10 Heat Factor

7 days above 109° 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 • 38111

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

90/ 100

Exceptional sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9.7 hrs

6 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 2991 Walnut Grove Rd #2

$58,918

$4,082 under list price of $63K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $67K to $195K.

SOLD JUN 4, 2026
$154,000 Last sold price
3 beds2 baths— sq ft
3165 Hopkins Ave, Memphis, TN 38112
6 years older
SOLD MAR 26, 2026
$189,900 Last sold price
3 beds1 bath1,257 sq ft
22 N Humes St, Memphis, TN 38111
10 years older
SOLD MAY 28, 2026
$194,500 Last sold price
2 beds1 bath— sq ft
2754 Union Ave, Memphis, TN 38111
10 years older
SOLD APR 6, 2026
$78,000 Last sold price
3 beds2 baths1,457 sq ft
300 Eastview St, Memphis, TN 38112
6 years older
SOLD MAY 21, 2026
$115,000 Last sold price
4 beds2 baths— sq ft
304 Harrell St, Memphis, TN 38112
16 years older
SOLD FEB 5, 2026
$67,000 Last sold price
2 beds1 bath— sq ft
3119 Allison Ave, Memphis, TN 38112
6 years older

Rental earnings

Est. $1,185 per month, based on comparable rentals

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Details provided by Memphis Area Association of Realtors(R) MLS and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

See this home in person

Nearby open houses (10)

Around this home

Schools

Market insights

Property details

Sale and tax history for 2991 Walnut Grove Rd #2

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 2991 Walnut Grove Rd #2

Nearby similar homes

New listings for sale in 38111

More real estate resources