Introducing a remarkable investment opportunity in Memphis TN! This duplex features 6 beds & 4 baths. Priced competitively, this property boasts a gross rental income of $2,195. The right side is rented for $1395/month until 7/31/2026 & the left side is month to month at $800/month! This excellent duplex is poised for cashflow! With the potential to increase the rent on the left side to match the right, this property already exceeds the 1% rule even before reaching $2790 in potential gross rent!
Memphis Area Association of Realtors(R) MLS #10176769
Aug 16, 2024
Sold
$195,000
Jul 12, 2024
Listed
$195,000
MMLS #10167384
Mar 9, 2024
Rental Removed
$900
Mar 8, 2024
Listed for Rent
$900
Public Records
Dec 14, 2018
Sold
$95,000
Public Records
Dec 13, 2012
Sold
$72,000
Public Records
Dec 10, 2012
Sold
$64,000
Memphis Area Association of Realtors(R) MLS #3249373
Nov 21, 2012
Sold
$74,000
Jun 11, 2012
Listed
$68,500
This duplex is located in the Fox Meadows. The units are all 3 Bedroom 2 Bath. The scheduled monthly rents are $1390 per month.
Memphis Area Association of Realtors(R) MLS #306825
May 22, 2000
Sold
$70,000
Apr 6, 2000
Listed
$77,500
CORPORATE OWNED DUPLEX W/ GREAT INVESTMENT POTENTIAL! THIS IS AN "AS-IS" SALE W/ MIN OF $500 E. M. IN SECURED FUNDS. MUST PROVIDE EVIDENCE OF CREDIT TO PURCHASE UPON ACCEPTANCE OF OFFER. SELLER WILL PAY $2000 TOWARD CC/PPS.
Public Records
Dec 10, 1999
Sold
$60,000
Public Records
Mar 3, 1998
Sold
$89,950
Public Records
Mar 3, 1998
Sold
$150,000
Memphis Area Association of Realtors(R) MLS #9800240
Jan 7, 1998
Listed
$92,500
Public Records
Jun 30, 1972
Sold
$38,500
Year
Property tax
Land + Additions
Assessment*
2025
$3,905 (+71.8%)
$7,000 + $67,080
$74,080
2024
$2,273 (+8.1%)
$7,000 + $67,080
$74,080
2023
$2,103
$6,240 + $28,280
$34,520
2022
$2,103 (−1.2%)
$6,240 + $28,280
$34,520
2021
$2,127 (+5.8%)
$6,240 + $28,280
$34,520
2020
$2,011
$6,240 + $28,280
$34,520
2019
$2,011
$6,240 + $21,520
$27,760
2018
$2,011 (+76.3%)
$6,240 + $21,520
$27,760
2017
$1,141 (+2.1%)
$6,240 + $21,520
$27,760
2016
$1,118
$6,240 + $21,520
$27,760
2014
$1,118
$6,240 + $19,360
$25,600
Tax history for 3585/3587 Fox Meadows Rd
Year
Property tax
Land + Additions
Assessment*
2025
$3,905 (+71.8%)
$7,000 + $67,080
$74,080
2024
$2,273 (+8.1%)
$7,000 + $67,080
$74,080
2023
$2,103
$6,240 + $28,280
$34,520
2022
$2,103 (−1.2%)
$6,240 + $28,280
$34,520
2021
$2,127 (+5.8%)
$6,240 + $28,280
$34,520
2020
$2,011
$6,240 + $28,280
$34,520
2019
$2,011
$6,240 + $21,520
$27,760
2018
$2,011 (+76.3%)
$6,240 + $21,520
$27,760
2017
$1,141 (+2.1%)
$6,240 + $21,520
$27,760
2016
$1,118
$6,240 + $21,520
$27,760
2014
$1,118
$6,240 + $19,360
$25,600
*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
Beds
6
Baths
4
Stories
1
Lot width
105 ft.
Lot depth
120 ft.
Lot size
0.28 Acres
Year renovated
—
Sq. Ft.
2,506
Year built
1972
Style
Multi-Family (2-4 Unit)
County
Shelby County
APN
074111 00008
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 14, 2026.
RU-3
Residential Urban-3 District
Residential development in the RU-3 District allows a variety of housing types including single-family detached (conventional, side yard house, Cottage), single-family attached (semi-attached, two-family, townhouse), and multifamily (large home, stacked townhouse, apartment). New RU-3 districts are generally located in an infill or redevelopment location where similar lot sizes are part of the original fabric of development. Additionally, RU-3 districts should have a shared street network with and are generally located at least 500 ft from a CMU-1, CMU2, CMU-3, or CBD district or are within 500 ft of 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
Property details
Parking
Parking Information
# of Covered Parking Spaces: 2
Carport/Garage: Carport
Parking: Driveway/Pad
Interior
Bedroom Information
# of Bedrooms: 3
Master Bedroom Dimensions:
Bedroom 2 Dimensions:
Bedroom 3 Dimensions:
Bathroom Information
# of Baths (Full): 2
Interior Features
# of Stories: 1
Approximate Sq. Ft. (Entire Duplex): 2400-2599
Miscellaneous Interior: Pull Down Attic Stairs
Floors/Ceilings: Part Hardwood, Tile, Textured Ceiling
Appliances / Equipment: Range/Oven (Built-In)
Room Information
Living Room Dimensions:
Dining Room Dimensions:
Den/Great Room Dimensions:
Unit 1 Information
Unit Information: Breakfast Bar, Separate Dining Room, Separate Living Room
Monthly Rent: $1,395
# of Bedrooms (Total): 3
# of Bathrooms (Total): 2
# of Bathrooms (Full): 2
Master Bedroom Dimension:
Bedroom 2 Dimension:
Bedroom 3 Dimension:
Den/Great Room Dimensions:
Living Room Dimension:
Dining Room Dimension:
Unit 2 Information
Unit Information: Breakfast Bar, Separate Dining Room, Separate Living Room
Monthly Rent: $800
# of Bedrooms (Total): 3
# of Bathrooms (Total): 2
# of Bathrooms (Full): 2
Master Bedroom Dimension:
Bedroom 2 Dimension:
Bedroom 3 Dimension:
Dining Room Dimension:
Living Room Dimension:
Den/Great Room Dimension:
Exterior
Exterior Features
Pool Description: None
Exterior / Windows: Other (See Remarks)
Roof: Composition Shingles
Lot Information
Parcel ID: 074111 00008
Lot #: 196
Lot Size: 105X120
Lot Description: Some Trees
Area: 784D
Property Information
Built as Duplex
Style: Traditional
Year Built: 1970
Financial
Tax Information
Annual City Tax: $933
Annual County Tax: $1,170
Lease / Rent Information
Type Of Leases: Other (Call Listing Agent)
Financing
New Financing: Conventional, Other (See Remarks)
Utilities
Utility Information
Hot Water: Electric
Heating: Central
Cooling: Central Cooling
Location
Location Details
Directions: Headed East on Winchester, Take A Left Onto Fox Meadows Rd & Its The First Property On The Left.
MAAR Subdivision Name: FOX MEADOWS GARDENS
Public facts
Beds: 6
Baths: 4.0
Sq. Ft.: 2,506
Stories: 1.0
Lot Size: 0.28 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1972
Year Renovated: —
County: Shelby County
APN: 074111 00008
Home facts updated by county records on Jul 14, 2026
Around this home
Schools
Newberry Elementary School
Public PreK-5 • Assigned • 0.4mi
8/10
Wooddale Middle School
Charter 6-8 • Assigned • 1.1mi
5/10
Wooddale High School
Public 9-12 • Assigned • 1.2mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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
7/10 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
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38115
Average low and high temperatures (°F)
48
30
58
37
72
50
78
58
80
63
89
72
94
76
90
71
86
67
78
56
66
49
55
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
$182,000 – $220,000
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Property information provided by Memphis Area Association of Realtors(R) MLS when last listed in 2024. This data may not match public records. Learn more.