Cash flowing investment opportunity near the University of Memphis! This has a section 8 tenant in place now paying $1350/mo. The current lease is Month to Month. No showings without an accepted offer. Photos were when the property was vacant.
Hadley Prescott, located between Poplar Avenue and Walnut Grove Road, is a residential and commuter-friendly Memphis neighborhood with leafy streets and mid-century ranch homes. The neighborhood’s character concentrates around the Poplar Avenue corridor near the East Parkway intersection, where local storefronts and everyday errands set a steady, lived-in rhythm. Housing leans toward brick one-stories and tidy lots, with a calm, inward-facing street grid. Green space and recreation orbit nearby, shaping a walk-and-drive lifestyle. Cultural staples such as the Memphis Brooks Museum of Art and the Memphis Zoo sit close enough to anchor weekend routines. Dining landmarks like The Half Shell add a distinctly Memphis note to the area’s low-key polish.
Provided by Walk Score and Local Logic
Offer insights
3066 Carrington Ave · $130,000
$130K and above
75% chance or better to win
Why $130K+ is a strong offer
DAYS ON MARKET
15 days
The average home goes pending in 37 days.
SALE-TO-LIST
96.8%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Single-story home
Four total rooms
All bedrooms on the main level
Ceilings/floors listed as other (see remarks)
Bedrooms
3 bedrooms
Bathrooms
1 full bathroom
Heating & cooling
Central heating
Central cooling
Exterior features
Brick veneer exterior
Wrought iron security doors
Level lot
Home design
Detached single-family home
Traditional style
Built in 1994
Parking
Driveway/pad
Security
Wrought iron security doors
Construction
Slab foundation
Composition shingle roof
Utilities
Central heating and cooling
Financial info
Conventional financing available
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10229196
Aug 27, 2026
Listed
$130,000
Public Records
Oct 31, 2022
Sold
$32,000
Year
Property tax
Land + Additions
Assessment*
2025
$1,102 (+39.7%)
$2,450 + $18,450
$20,900
2024
$789 (+8.1%)
$2,450 + $18,450
$20,900
2023
$729
$1,000 + $10,975
$11,975
2022
$729 (−1.2%)
$1,000 + $10,975
$11,975
2021
$738 (−13.9%)
$1,000 + $10,975
$11,975
2020
$857
$1,000 + $10,975
$11,975
2019
$857
$1,000 + $10,825
$11,825
2018
$857 (+76.3%)
$1,000 + $10,825
$11,825
2017
$486 (−9.0%)
$1,000 + $10,825
$11,825
2016
$534 (+2.9%)
$1,000 + $10,825
$11,825
2014
$519
$1,000 + $11,225
$12,225
Public record
Public record
Zoning
Permits
Beds
3
Baths
1
Stories
1
Lot width
31 ft.
Lot depth
150 ft.
Lot size
4,650 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
1,040
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,040
Year built
1995
Style
Single Family Residential
County
Shelby County
APN
059066 00046
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
Jan 24, 2023 • Final
Residential mechanical
Perform a gas air pressure test.
Gas
Jan 23, 2023 • Final
Residential electrical
Replace improperly sized electrical feeders and ground the service. Install a dedicated 30 amp circuit for a future air compressor.
Electrical
Generator
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
17% 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
90
72
85
68
77
57
65
49
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
87/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.5 hrs
5.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3066 Carrington Ave
$127,712
$2,288 under list price of $130K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $71K to $160K.