Investor Special – Motivated Seller! This property sits on a large lot and is being sold AS-IS. It’s a full rehab opportunity for the right buyer with vision! Whether you’re looking for your next flip, rental project, or a chance to build equity from the ground up, this home is priced to move. Seller did replace the roof
West Junction, located between Downtown Memphis and Midtown, is a historic and industrial Memphis neighborhood with brick warehouses and rail-side streetscapes. The neighborhood’s character concentrates around the South Main Street corridor near Central Station, where galleries, coffee counters, and small restaurants line wide sidewalks. Converted loft buildings and older commercial blocks give the streets a utilitarian, design-forward feel. The National Civil Rights Museum and the Orpheum Theatre anchor the cultural calendar with exhibitions and stage nights. South Main’s storefronts and trolley tracks shape a walkable rhythm from daytime cafés to late shows.
Provided by Walk Score and Local Logic
Market insights
3043 Sax Rd · $40,000
DAYS ON MARKET
346 days
The average home goes pending in 35 days.
SALE-TO-LIST
96.7%
Most homes are selling 3% below list price.
LIST PRICE
$40,000
Median list price in this area is $250,000. (525% 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
Interior features
Five total rooms
Single-story layout
Living, dining and kitchen in an open/combined arrangement
Other interior finishes and ceiling/floor treatment (see remarks)
Bedrooms
Two bedrooms
Primary bedroom located on the main level
Bathrooms
One full bathroom
Kitchen
Open plan connecting to living and dining (see remarks for details)
Flooring
Other flooring/ceiling details (see remarks)
Heating & cooling
Heating: Other (see remarks)
Cooling: Other (see remarks)
Exterior features
No pool
Miscellaneous exterior details (see remarks)
Exterior/windows: other (see remarks)
Lot described with custom details (see remarks)
Home design
Detached single-family home
Traditional style
Built in 1930
Approximate heated area in the 1600–1799 range
Entry level and overall layout: single-story
Parking
Other parking/storage (see remarks)
Construction
Year built 1930
Utilities
Utilities: standard public utilities (see remarks for specifics)
Other
Property sits on approximately 0.24 acres
Lot dimensions noted as 56 x 188
Parcel/lot identifiers available (parcel ID 075019 00014, Lot #10)
Located in subdivision: MARY F RAINES
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10206038
May 24, 2026
Price Changed
$40,000
$25/sq ft
Feb 3, 2026
Price Changed
$45,000
$28/sq ft
Nov 22, 2025
Price Changed
$39,000
$24/sq ft
Sep 18, 2025
Listed
$45,000
$28/sq ft
REALTRACS as Distributed by MLS Grid #3094968
Jan 15, 2026
Listing Removed
—
Jan 15, 2026
Listed
$60,000
$38/sq ft
Memphis Area Association of Realtors(R) MLS #1
Jan 12, 2024
Price Changed
$60,000
$38/sq ft
Dec 5, 2023
Price Changed
$70,000
$44/sq ft
Aug 6, 2023
Price Changed
$80,000
$50/sq ft
Public Records
May 3, 2021
Sold
$10,000
$6/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$893 (+69.6%)
$1,550 + $15,400
$16,950
2024
$527 (+8.1%)
$1,550 + $15,400
$16,950
2023
$487
$1,125 + $6,875
$8,000
2022
$487 (−1.2%)
$1,125 + $6,875
$8,000
2021
$493 (−10.8%)
$1,125 + $6,875
$8,000
2020
$553
$1,125 + $6,875
$8,000
2019
$553
$1,125 + $6,500
$7,625
2018
$553 (+76.3%)
$1,125 + $6,500
$7,625
2017
$313 (−8.1%)
$1,125 + $6,500
$7,625
2016
$341
$1,125 + $6,500
$7,625
2014
$341
$1,325 + $6,500
$7,825
Public record
Public record
Zoning
Permits
Beds
2
Baths
1
Stories
1
Lot width
56 ft.
Lot depth
188 ft.
Lot size
10,541 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
1,635
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,635
Year built
1930
Style
Single Family Residential
County
Shelby County
APN
075019 00014
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 16, 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 8, 2024 • Active
Residential alteration
Remove and replace the floor, porch, and railings. Install new roof covering and paint the structure.
Remodel
Oct 7, 2020 • Final
Residential electrical
Install electrical wiring for a furnace and a central air conditioning unit.
Electrical
HVAC
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.
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, 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 • 38109
Average low and high temperatures (°F)
46
30
56
38
71
50
77
58
78
63
87
72
92
76
90
71
85
67
77
57
65
49
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
85/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.4 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3043 Sax Rd
$34,412
$5,588 under list price of $40K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $40K to $98K.