Located in the heart of Southeast Memphis, this property offers investors an opportunity to acquire an income-producing asset in a well-established residential neighborhood. The area is known for its strong rental demand, affordable housing stock, and convenient access to major transportation routes, employment centers, shopping, and everyday amenities. Positioned just minutes from Winchester Road, Lamar Avenue, I-240, and Memphis International Airport, the property benefits from a location that appeals to long-term tenants seeking affordability and accessibility. The surrounding neighborhood features primarily single-family homes, creating a stable residential environment attractive to families and workforce tenants. No owner financing. Now wholesale deals
Oakhaven, located between I-240 and the Memphis International Airport, is a residential and commercial Memphis neighborhood with mid-century ranch streetscapes and aviation-adjacent energy. The neighborhood’s character concentrates along the Elvis Presley Boulevard corridor near Shelby Drive, where auto shops, taquerias, barbershops, and small storefronts keep the sidewalks in motion. Housing trends toward brick one-stories with deep setbacks, punctuated by apartment communities and pocket churches. T.O. Fuller State Park frames the area with wooded trails and lake views. The airport and FedEx World Hub add a steady rhythm of planes and logistics traffic. Community touchstones include Graceland, the Stax Museum of American Soul Music, and the Memphis Botanic Garden.
Provided by Walk Score and Local Logic
Market insights
3215 Ladbrook Rd · $99,000
DAYS ON MARKET
1 days
The average home goes pending in 29 days.
SALE-TO-LIST
97.5%
Most homes are selling 3% below list price.
LIST PRICE
$99,000
Median sale price in this area is $309,179. (212% higher than this home)
PRICE DROP
0 price drops
25% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Interior features
Six total rooms
Single-story
All bedrooms on the main level
Floors/ceilings noted as Other (see remarks)
Bedrooms
Three bedrooms
Master approximately 11 x 11
Bedroom 2 approximately 10 x 11
Bedroom 3 approximately 10 x 10
Bathrooms
Two full bathrooms
Kitchen
Separate kitchen (separate living, dining, and kitchen areas)
Heating & cooling
Heating: Other (see remarks)
Cooling: Other (see remarks)
Exterior features
Wrought iron security doors
Chain fence
Corner lot
Home design
Detached single-family home
Traditional style
Built in 1961
Parking
One covered parking space
Driveway/pad parking
Security
Wrought iron security doors
Construction
Existing property (built 1961)
Utilities
Heating: Other (see remarks)
Cooling: Other (see remarks)
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10227503
Aug 3, 2026
Listed
$99,000
Public Records
Sep 7, 1994
Sold
$49,500
Year
Property tax
Land + Additions
Assessment*
2025
$1,359 (+7.6%)
$3,375 + $22,400
$25,775
2024
$1,263 (+8.1%)
$3,375 + $22,400
$25,775
2023
$1,168
$2,750 + $16,425
$19,175
2022
$1,168 (−1.2%)
$2,750 + $16,425
$19,175
2021
$1,182 (+14.3%)
$2,750 + $16,425
$19,175
2020
$1,034
$2,750 + $16,425
$19,175
2019
$1,034
$2,750 + $11,525
$14,275
2018
$1,034 (+76.3%)
$2,750 + $11,525
$14,275
2017
$587 (−0.7%)
$2,750 + $11,525
$14,275
2016
$591
$2,750 + $11,525
$14,275
2014
$591
$2,750 + $10,775
$13,525
Public record
Public record
Zoning
Permits
Beds
3
Baths
2
Stories
1
Lot width
94 ft.
Lot depth
118 ft.
Lot size
0.27 Acres
Year renovated
—
Finished Sq. Ft.
1,260
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,260
Year built
1957
Style
Single Family Residential
County
Shelby County
APN
060213 00007
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2026.
R-8
Residential Single-Family-8 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-8 which are differentiated primarily on the basis of minimum lot area and setback requirements. New R-8 districts are generally located at least 1,000 to 1,500 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
Oct 7, 2020 • Final
Residential mechanical
Replace a gas water heater and its vent pipe.
Plumbing
Water heater
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
6 days above 108° expected this year, 18 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
93
77
90
72
86
68
78
57
66
49
55
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
94/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.9 hrs
6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3215 Ladbrook Rd
$94,326
$4,674 under list price of $99K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $80K to $102K.