Fantastic investment opportunity in Shelby County. This 3br/1 bath single-family home is in the 38109 area. This investment property is occupied and cash flowing right now. Lease details available upon request. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.
Single-familyProperty Type
1956Year Built
6,969 sq ftLot Size
Listed by Dean Harris• CrestCore Realty MphsBrokerage
South Memphis Planning Dist, located between Downtown Memphis and the Mississippi state line, is a historic and industrial Memphis neighborhood with rail corridors and landmark music sites. The neighborhood’s character concentrates around the Stax Museum of American Soul Music on McLemore Avenue, where museumgoers, murals, and small local storefronts set a grounded, creative tone. Stax Museum of American Soul Music, The Four Way Soul Food Restaurant, and Earnestine & Hazel’s anchor local culture with deep Memphis roots. Housing ranges from early-20th-century cottages to brick mid-century blocks, with wide streets and working corridors shaping the streetscape. Martin Luther King Jr. Riverside Park and the riverfront add open-air breathing room. Major arterials like South Parkway and Elvis Presley Boulevard frame daily movement across the district.
Provided by Walk Score and Local Logic
Offer insights
3524 Ashford Rd · $89,900
$89.89K and above
75% chance or better to win
Why $89.89K+ is a strong offer
DAYS ON MARKET
159 days
The average home goes pending in 38 days.
SALE-TO-LIST
96.8%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Interior features
Single-story home
Five total rooms
All bedrooms located on the main level
Floors/ceilings: Other (see remarks)
Bedrooms
Three bedrooms (all on the lower/main level)
Bathrooms
One full bathroom
Heating & cooling
Central heating
Central cooling
Exterior features
Front or rear porch
Some trees on the lot
Home design
Detached single-family home
Traditional style
Built in 1956
Parking
Driveway/pad parking
Construction
Wood/composition exterior/windows
Utilities
Central heating and cooling
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10219301
Apr 15, 2026
Listed
$89,900
Memphis Area Association of Realtors(R) MLS #10078482
Oct 1, 2020
Sold
$68,000
Jun 12, 2020
Listed
$60,000
Don't miss out on this!! Property is tenant occupied so please drive by only. Your offer, if accepted, will be contingent upon an inspection. This is apart of a package deal with 18 other properties. If you're looking for opportunity and investment, this is it
Year
Property tax
Land + Additions
Assessment*
2025
$755 (−30.1%)
$1,675 + $12,650
$14,325
2024
$1,080 (+8.1%)
$1,675 + $12,650
$14,325
2023
$999
$1,225 + $15,175
$16,400
2022
$999 (−1.2%)
$1,225 + $15,175
$16,400
2021
$1,011 (+124.1%)
$1,225 + $15,175
$16,400
2020
$451
$1,225 + $15,175
$16,400
2019
$451
$1,225 + $5,000
$6,225
2018
$451 (+76.3%)
$1,225 + $5,000
$6,225
2017
$256 (−12.4%)
$1,225 + $5,000
$6,225
2016
$292
$1,225 + $5,000
$6,225
2014
$292
$1,225 + $5,475
$6,700
Public record
Public record
Zoning
Permits
Beds
3
Baths
1
Stories
1
Lot width
57 ft.
Lot depth
150 ft.
Lot size
7,103 Sq. Ft.
Year renovated
1988
Finished Sq. Ft.
824
Unfinished Sq. Ft.
—
Total Sq. Ft.
824
Year built
1956
Style
Single Family Residential
County
Shelby County
APN
075084 00017
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 14, 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
Oct 7, 2020 • Final
Residential mechanical
Perform a gas pressure test.
Gas
Oct 7, 2020 • Final
Residential electrical
Install or repair a meter socket, riser, and breaker box. Work includes installing lights and receptacles.
Electrical
Electric meter
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
16% 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
89
71
85
67
77
57
65
49
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 25% for direct sun exposure in Memphis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.1 hrs
5.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3524 Ashford Rd
$81,065
$8,835 under list price of $90K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $69K to $128K.