Experience Gated Living in a quiet community for an unbelievably affordable price. Walnut Grove Co-op is Truly a little gem of a community hidden in East Memphis. Two bedrooms, 1 bath, with hardwood floors and renovated kitchen. This unit has 1 new high eff. HVAC system 2024 furnace and compressor. New gas hot water heater 2022, high efficiency storm windows throughout, new kitchen cabinets, floor and tile floor, garbage disposal. HOA $350 a month. All Property taxes, all exterior maintenance, grounds keeping, trash pickup, and water are included in the HOA fees! This Co-op Community is fiscally healthy and all units have new roofs and most units have new sewer lines! Storage space in attic. One of 3 Co-op communities in Memphis! Welcome home!
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
2997 Walnut Grove Rd #3 · $59,900
DAYS ON MARKET
135 days
The average home goes pending in 35 days.
SALE-TO-LIST
96.7%
Most homes are selling 3% below list price.
LIST PRICE
$59,900
Median list price in this area is $250,000. (317% higher than this home)
PRICE DROP
2 price drops
26% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Five total rooms
One-story interior
Tile and hardwood floors (part hardwood/throughout)
Bedrooms
Two bedrooms (both configured as master suites)
Bathrooms
One full bathroom
Kitchen
Washer/dryer connection in kitchen
Laundry & utility
Washer/dryer connection in kitchen
Flooring
Tile flooring
Hardwood flooring (partial and throughout)
Heating & cooling
Central heating (gas)
Central air conditioning
Exterior features
Porch
On-site storage
Additional storage
Sidewalks
Level, landscaped yard with some trees
No pool
Home design
Attached single-family property
Traditional style
Upstairs flat unit
Existing property built in 1954
Parking
Assigned parking in a gated parking lot
Gate clickers for access
Security
Gated parking
Construction
Brick veneer exterior
Built in 1954
Utilities
Central gas heating
Central cooling
HOA & community
Has neighborhood association
Other
Located in Walnut Grove Apartments community
Directions: Heading west on Poplar Ave, right onto S Grove Park Rd, left onto Walnut Grove Rd, enter neighborhood at second gated entrance.
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10219521
Jun 22, 2026
Price Changed
$59,900
May 26, 2026
Price Changed
$64,000
Apr 17, 2026
Listed
$68,000
As the MLS and public records start to fill up, we'll list the details here.
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
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Lot size
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Year renovated
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Finished Sq. Ft.
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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
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Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Apr 17, 2026.
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)
46
30
57
37
71
50
77
58
78
63
88
72
92
77
91
72
85
68
77
57
65
49
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
86/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.2 hrs
7.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2997 Walnut Grove Rd #3
$54,338
$5,562 under list price of $60K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $110K to $260K.