Turnkey rental property with a paying tenant already in place — collect from day one, no vacancy risk, no lease-up costs. Tenant paying $1,225/month ($14,700/year gross) Lease in place through August 2027 Cash/Conventional financing only. No seller/creative financing. No showings without accepted offer. Professional management in place now!
Make a winning offer with the help of a local agent
Around this home
Schools
K - 12
Preschool & daycare
Oakhaven Elementary School
Public PreK-5 • Assigned • 1.5mi
6/10
Oakhaven Middle School
Public 6-8 • Assigned • 1.6mi
4/10
Oakhaven High School
Public 9-12 • Assigned • 1.6mi
5/10
Provided by GreatSchools
About
Oakhaven
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
Offer insights
3479 Pine Ridge Ln · $109,900
$110K and above
75% chance or better to win
Why $110K+ is a strong offer
DAYS ON MARKET
42 days
The average home goes pending in 55 days.
SALE-TO-LIST
96.5%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
One-story layout
Separate living room
Wrought iron security doors
Bedrooms
Three bedrooms, all on the main/lower level
Bathrooms
Two full bathrooms
Flooring
Other flooring (see remarks)
Heating & cooling
Central heating
Central cooling
Exterior features
Level lot
Brick veneer exterior
No pool
Home design
Detached single family home
Traditional style
Built in 1971
Existing property
Parking
Driveway/pad
Front-load garage
One covered parking space
Security
Wrought iron security doors
Construction
Composition shingle roof
Slab foundation
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 #10230963
Sep 23, 2026
Listed
$109,900
APPFOLIO #1
Mar 14, 2024
Rental Removed
$1,195
Feb 9, 2024
Listed for Rent
$1,195
Jan 31, 2024
Rental Removed
$1,195
Jan 30, 2024
Listed for Rent
$1,195
RENTLY #2
Feb 8, 2024
Rental Removed
$1,195
Jan 31, 2024
Listed for Rent
$1,195
Memphis Area Association of Realtors(R) MLS #10152781
Nov 2, 2023
Sold
$80,000
Oct 9, 2023
Price Changed
$80,000
Aug 25, 2023
Price Changed
$85,000
Jul 21, 2023
Listed
$90,000
What a great addition to your rental portfolio this will be. This property is located near jobs and commerce and will stay in demand with the local tenant base. A TLC is needed and it will be sold "as-is". This property will not qualify for FHA financing. Seller prefers offers with no inspection contingencies since it is a vacant property. No assignments and no wholesaler buyer offers will be accepted.
Public Records
Apr 14, 2016
Sold
$1,104,019
Memphis Area Association of Realtors(R) MLS #3227157
Aug 25, 2011
Sold
$13,000
Jul 1, 2011
Listed
$19,900
+5
This is a Fannie Mae Homepath property. Brick 3 bedroom with 2 baths. Open floor plan with kitchen off greatroom. Attached 1 car Garage. Quiet street.
Public Records
Sep 16, 1971
Sold
$16,600
Year
Property tax
Land + Additions
Assessment*
2025
$1,394 (+31.1%)
$3,325 + $23,125
$26,450
2024
$1,064 (+8.1%)
$3,325 + $23,125
$26,450
2023
$984
$2,650 + $13,500
$16,150
2022
$984 (−1.2%)
$2,650 + $13,500
$16,150
2021
$995 (+2.9%)
$2,650 + $13,500
$16,150
2020
$967
$2,650 + $13,500
$16,150
2019
$967
$2,650 + $10,700
$13,350
2018
$967 (+76.3%)
$2,650 + $10,700
$13,350
2017
$549 (−7.9%)
$2,650 + $10,700
$13,350
2016
$596
$2,650 + $10,700
$13,350
2014
$596
$2,650 + $11,000
$13,650
Public record
Public record
Zoning
Permits
Beds
3
Baths
2
Stories
1
Lot width
56 ft.
Lot depth
110 ft.
Lot size
6,160 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
1,466
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,466
Year built
1971
Style
Single Family Residential
County
Shelby County
APN
073102 00017
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 22, 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
Jun 2, 2021 • Active
Residential plumbing
Replace the sewer mainline.
Plumbing
Oct 7, 2020 • Final
Residential mechanical
Reinstall a furnace coil and condenser unit.
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
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
6/10 Heat Factor
7 days above 108° 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 • 38118
Average low and high temperatures (°F)
48
30
58
38
72
50
78
58
79
63
89
72
92
77
90
72
88
68
76
58
66
49
55
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
92/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 27% for direct sun exposure in Memphis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10 hrs
6.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3479 Pine Ridge Ln
$103,535
$6,365 under list price of $110K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $41K to $180K.