This 26 unit building is located just south of the University of Memphis area. Each unit is 2 bedroom and 1 and a half bath. The total scheduled monthly income is 17400.
Multi-familyProperty Type
1969Year Built
1.37 acresLot Size
$172Price/Sq.Ft.
Listed by Jeffrey Moore• Crye-Leike Commercial
Bought with Jeffrey Moore• Crye-Leike Commercial
Source:Memphis Area Association of Realtors(R) MLS #10056442
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Memphis Area Association of Realtors(R) MLS #10056442
Aug 28, 2019
Sold
$975,000
$63/sq ft
Mar 26, 2019
Listed
$1,275,000
$83/sq ft
+13
This 26 unit building is located just south of the University of Memphis area. Each unit is 2 bedroom and 1 and a half bath. The total scheduled monthly income is 17400.
Memphis Area Association of Realtors(R) MLS #9947175
Apr 26, 2016
Sold
$905,000
$59/sq ft
Jul 23, 2015
Price Changed
$1,095,000
$71/sq ft
Mar 16, 2015
Listed
$1,225,000
$80/sq ft
+12
This B class property is located just minutes South of the University of Memphis. The units are large 2 bedroom townhouse style units. The scheduled monthly rents are $16,120 per month.
Year
Property tax
Land + Additions
Assessment*
2025
$26,025 (+5.5%)
$45,560 + $448,200
$493,760
2024
$24,672 (+8.1%)
$45,560 + $448,200
$493,760
2023
$22,822
$41,880 + $332,760
$374,640
2022
$22,822 (−1.2%)
$41,880 + $332,760
$374,640
2021
$23,089 (−9.6%)
$41,880 + $332,760
$374,640
2020
$25,535
$41,880 + $332,760
$374,640
2019
$25,535
$41,880 + $310,520
$352,400
2018
$25,535 (+76.3%)
$41,880 + $310,520
$352,400
2017
$14,484
$41,880 + $310,520
$352,400
2016
$14,496
$41,880 + $310,520
$352,400
2014
$14,496
$41,880 + $289,840
$331,720
Tax history for 3640 Rhodes Ave
Year
Property tax
Land + Additions
Assessment*
2025
$26,025 (+5.5%)
$45,560 + $448,200
$493,760
2024
$24,672 (+8.1%)
$45,560 + $448,200
$493,760
2023
$22,822
$41,880 + $332,760
$374,640
2022
$22,822 (−1.2%)
$41,880 + $332,760
$374,640
2021
$23,089 (−9.6%)
$41,880 + $332,760
$374,640
2020
$25,535
$41,880 + $332,760
$374,640
2019
$25,535
$41,880 + $310,520
$352,400
2018
$25,535 (+76.3%)
$41,880 + $310,520
$352,400
2017
$14,484
$41,880 + $310,520
$352,400
2016
$14,496
$41,880 + $310,520
$352,400
2014
$14,496
$41,880 + $289,840
$331,720
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
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
Interior
Bathroom Information
# of Full Baths: 1
# of 1/2 Baths: 1
Exterior
Exterior Information
Building Type: Townhouse
Pool Information
Pool Type: Concrete
Has Pool
Property Information
Subdivision Name: SEC A REV OF SIXTH ADD TO SHERWOOD
Building Sq. Ft: 15,400
Legal Description: NS RHODES AVE FOREST SUBD SEE MAP L-20
Lot Information
# of Buildings: 4
Land Sq. Ft: 59,808
Legal Lot Number: 17-20
Municipality Name: MEMPHIS
Acres: 1.373
Zoning Code: RU-3
County Use Description: GARDEN APT
Financial
Assessor Information
Assessment Year: 2026
Public facts
Beds: 2
Baths: 1.5
Sq. Ft.: 15,400
Stories: —
Lot Size: 1.37 acres
Style: Multi-Family (5+ Unit)
Year Built: 1969
Year Renovated: 1999
County: Shelby County
APN: 058040 A00027C
Home facts updated by county records on Jul 13, 2026
Around this home
Schools
Sherwood Elementary School
Public PreK-5 • Assigned • 0.1mi
4/10
Sherwood Middle School
Public 6-8 • Assigned • 0.3mi
5/10
Melrose High School
Public 9-12 • Assigned • 1.5mi
3/10
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
6/10 Heat Factor
7 days above 109° expected this year, 21 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
87
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.