3530 Wilshire Ave, Memphis, TN $120,750 Great turnkey investment opportunity in Memphis! This well-maintained property is currently tenant-occupied and renting for $1,150 per month, providing immediate cash flow from day one. The home features a functional layout with solid bones, making it an attractive addition to any rental portfolio. Located in an established neighborhood with convenient access to shopping, schools, and major roadways. Property has a consistent rental history and requires minimal ongoing maintenance. Perfect for buy-and-hold investors seeking stable income in a strong rental market. Do not disturb tenant. Showings upon accepted offer.
Memphis Area Association of Realtors(R) MLS #10211028
Mar 6, 2026
Sold
$106,500
Dec 9, 2025
Listed
$120,750
BUILDIUM #3
Jul 13, 2024
Rental Removed
$1,150
Jun 11, 2024
Listed for Rent
$1,150
Memphis Area Association of Realtors(R) MLS #10170144
Jun 7, 2024
Sold
$116,900
Apr 16, 2024
Listed
$124,900
+7
Welcome to this practically new construction home just outside the U of M! Everything is brand new. . roof, LVP floors, remodeled kitchen - NEW cabinets, upgraded bathroom, and even new windows! Plus an oversized, fully fenced in backyard! ALL financing types acceptable! Easy to show, priced to sell!
Memphis Area Association of Realtors(R) MLS #2
Apr 8, 2024
Price Changed
$124,500
Mar 25, 2024
Price Changed
$124,900
Memphis Area Association of Realtors(R) MLS #1
Sep 15, 2023
Price Changed
$119,900
Sep 6, 2023
Price Changed
$124,900
Public Records
Sep 14, 2021
Sold
$62,000
Public Records
Mar 13, 2007
Sold
$53,040
Memphis Area Association of Realtors(R) MLS #2501485
Apr 15, 2002
Sold
$38,000
Jan 23, 2002
Listed
$52,000
Public Records
Sep 26, 1988
Sold
$37,500
Year
Property tax
Land + Additions
Assessment*
2025
$1,469 (+69.3%)
$4,475 + $23,400
$27,875
2024
$868 (+8.1%)
$4,475 + $23,400
$27,875
2023
$803
$3,125 + $10,050
$13,175
2022
$803 (−1.2%)
$3,125 + $10,050
$13,175
2021
$812 (+14.9%)
$3,125 + $10,050
$13,175
2020
$706
$3,125 + $10,050
$13,175
2019
$706
$2,225 + $7,525
$9,750
2018
$706 (+76.3%)
$2,225 + $7,525
$9,750
2017
$401 (+2.2%)
$2,225 + $7,525
$9,750
2016
$392
$2,225 + $7,525
$9,750
2014
$392
$2,125 + $6,850
$8,975
Tax history for 3530 Wilshire Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,469 (+69.3%)
$4,475 + $23,400
$27,875
2024
$868 (+8.1%)
$4,475 + $23,400
$27,875
2023
$803
$3,125 + $10,050
$13,175
2022
$803 (−1.2%)
$3,125 + $10,050
$13,175
2021
$812 (+14.9%)
$3,125 + $10,050
$13,175
2020
$706
$3,125 + $10,050
$13,175
2019
$706
$2,225 + $7,525
$9,750
2018
$706 (+76.3%)
$2,225 + $7,525
$9,750
2017
$401 (+2.2%)
$2,225 + $7,525
$9,750
2016
$392
$2,225 + $7,525
$9,750
2014
$392
$2,125 + $6,850
$8,975
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
3
Baths
1
Stories
1
Lot width
50 ft.
Lot depth
168 ft.
Lot size
8,400 Sq. Ft.
Year renovated
1987
Sq. Ft.
944
Year built
1950
Style
Single Family Residential
County
Shelby County
APN
058045 00051
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2026.
RU-1
Residential Urban-1 District
Residential development in the RU-1 District allows a variety of housing types including single-family detached (conventional, side yard house, Cottage) and single-family attached (semi-attached, two-family). New RU-1 districts should have a shared street network with and are generally located at least 500 to 1,000 ft from a CMU-1, CMU2, CMU-3, or CBD district or at are least 500 to 1,000 ft from an arterial.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Educational/school
Fire house
Police station
Recreation
Park & open space
Oct 7, 2020 • Final
Residential electrical
Replace the electrical mast pipe and weatherhead.
Electrical
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.
Property details
Parking
Parking Information
# of Covered Parking Spaces: 1
Parking/Storage: Driveway/Pad
Interior
Bedroom Information
# of Bedrooms (Lower): 3
# of Bedrooms: 3
# of Bedrooms: 3
# of Bedrooms Down: 3
Master Bedroom Dimensions:
Master Bedroom Dimensions:
Bathroom Information
# of Baths (Full): 1
# of Bathrooms (Full): 1
Interior Features
# of Rooms: 5
# of Stories: 1
Floors/Ceilings: Tile, Wood Laminate Floors
Room Information
Living Room Dimensions:
Dining Room Dimensions:
Den/Great Room Dimensions:
Dining Room Dimensions: 0
Living Room Dimensions: 0
Living/Dining/Kitchen: Separate Den
Den/Great Room Dimensions: 0
Additional Bedroom/Bathroom Info: All Bedrooms Down
Exterior
Exterior Features
Pool Description: None
Miscellaneous Exterior: Porch
Land Information
Acreage: 0.19
Lot Information
Parcel ID: 058045 00051
Lot #: 1
Lot Size: 50X168
Lot Description: Some Trees
Area: 758B
Property Information
Detached Single Family
Style: Traditional
Property Construction Status: Existing Property
Year Built: 1950
Financial
Tax Information
Annual City Tax: $719
Annual County Tax: $750
Financing
Buyer Contributions: 0
Utilities
Utility Information
Heating: Central
Cooling: Central
Location
Multi-Unit Information
Detached Unit Type: General Residential
Location Details
Directions: Head south on Highland and take a left on wilshire.
MAAR Subdivision Name: SHERWOOD FOREST
Public facts
Beds: 3
Baths: 1.0
Sq. Ft.: 944
Stories: 1.0
Lot Size: 8,400 square feet
Style: Single Family Residential
Year Built: 1950
Year Renovated: 1987
County: Shelby County
APN: 058045 00051
Home facts updated by county records on Jul 13, 2026
Around this home
Schools
Sherwood Elementary School
Public PreK-5 • Assigned • 0.4mi
4/10
Sherwood Middle School
Public 6-8 • Assigned • 0.2mi
5/10
Melrose High School
Public 9-12 • Assigned • 1.3mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
7/10 Flood Factor
Estimated 80%+ chance 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, 20 days in 30 years
4/10 Wind Factor
18% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 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
In this area, properties receive around 10.5 hours in
June and 4.8 hours in December, placing it above the
U.S. average for solar exposure.
10.5 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$145,000 – $175,000
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