?? Turnkey Investment Opportunity – Fully Renovated! - Currently rented through 8/2/27 at $945 ?? 362 Hewlett, Memphis, TN ?? Asking Price: $98,000 Looking for a cash-flowing rental property with strong income potential? This completely renovated home is ready for tenants and offers an excellent opportunity for investors seeking immediate returns. ? Fully Renovated – Move-In Ready ? Low Maintenance Investment ? Strong Rental Demand Area ? Great Addition to Any Portfolio Rental Income Potential: • Current Rent: $945
Westhaven, located between I-240 and the Mississippi River, is a residential and industrial Memphis neighborhood with rail corridors and wide warehouse blocks. The neighborhood’s character concentrates around the Chelsea Avenue corridor near the I-240 ramps, where truck traffic, loading docks, and small service storefronts set a working-day rhythm. The New Daisy Theatre and the Orpheum Theatre anchor nearby nights out, while the National Civil Rights Museum adds a strong cultural throughline close to the riverfront. Streets read as utilitarian, with long blocks, fenced yards, and pockets of older single-story homes. Green space and skyline views open up at Tom Lee Park along the river. The feel is practical and grounded, shaped by logistics, music venues, and downtown-adjacent landmarks.
Provided by Walk Score and Local Logic
Offer insights
362 Hewlett Rd · $98,000
$98.01K and above
75% chance or better to win
Why $98.01K+ is a strong offer
DAYS ON MARKET
40 days
The average home goes pending in 36 days.
SALE-TO-LIST
96.9%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Single-story layout
Updated/renovated kitchen
Washer/dryer connections
3 total rooms
Bedrooms
3 bedrooms, all on the main (down) level
Bathrooms
1 full bathroom (renovated)
Kitchen
Renovated kitchen
Laundry & utility
Washer/dryer connections
Flooring
Tile flooring
Vinyl flooring
Heating & cooling
Central heating
Central cooling
Exterior features
Front porch
Brick veneer exterior
Wood/composition siding
Level lot
Chain-link fenced yard
Home design
Detached single-family home
Traditional style
Built in 1970
Parking
Driveway/pad parking
Construction
Brick veneer and wood/composition exterior
Existing property (established)
Utilities
Central heat and air
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10224626
Jun 24, 2026
Listed
$98,000
REALTRACS as Distributed by MLS Grid #3055068
Dec 2, 2025
Listing Removed
—
Dec 2, 2025
Listed
$110,000
Memphis Area Association of Realtors(R) MLS #2
Feb 19, 2025
Price Changed
$110,000
APPFOLIO #1
Aug 29, 2023
Rental Removed
—
Aug 24, 2023
Listed for Rent
—
Jul 20, 2023
Rental Removed
—
Jul 16, 2023
Listed for Rent
—
Dec 2, 2022
Rental Removed
—
Public Records
Dec 27, 2019
Sold
$72,500
Memphis Area Association of Realtors(R) MLS #3220429
Apr 21, 2011
Sold
$3,500
Mar 30, 2011
Listed
$3,000
Public Records
Dec 21, 1989
Sold
$28,500
Public Records
Sep 29, 1970
Sold
$15,000
Year
Property tax
Land + Additions
Assessment*
2025
$1,125 (−6.4%)
$1,725 + $19,625
$21,350
2024
$1,202 (+8.1%)
$1,725 + $19,625
$21,350
2023
$1,112
$1,125 + $17,125
$18,250
2022
$1,112 (−1.2%)
$1,125 + $17,125
$18,250
2021
$1,125 (+66.0%)
$1,125 + $17,125
$18,250
2020
$678
$1,125 + $17,125
$18,250
2019
$678
$1,125 + $8,225
$9,350
2018
$678 (+76.3%)
$1,125 + $8,225
$9,350
2017
$384 (−8.3%)
$1,125 + $8,225
$9,350
2016
$419
$1,125 + $8,225
$9,350
2014
$419
$1,125 + $8,475
$9,600
Public record
Public record
Zoning
Permits
Beds
3
Baths
1
Stories
1
Lot width
50 ft.
Lot depth
170 ft.
Lot size
8,500 Sq. Ft.
Year renovated
2009
Finished Sq. Ft.
1,085
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,085
Year built
1970
Style
Single Family Residential
County
Shelby County
APN
075217 00012
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 16, 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 electrical
Repair the electrical service meter riser and replace the loose riser.
Electrical
Oct 7, 2020 • Final
Residential mechanical
Install a gas line with an air test for heating and air conditioning.
Gas
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
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 110° expected this year, 21 days in 30 years
4/10 Wind Factor
18% 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
89/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10 hrs
6.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 362 Hewlett Rd
$93,709
$4,291 under list price of $98K
Nearby comparable homes
The Redfin Estimate uses 4 recent nearby sales, priced between $50K to $125K.