Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2022 standards! Target rent = $1,250 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!
Memphis Area Association of Realtors(R) MLS #10125523
Sep 20, 2022
Sold
$171,000
$122/sq ft
May 27, 2022
Listed
$171,000
$122/sq ft
Memphis Area Association of Realtors(R) MLS #10118281
Feb 23, 2022
Sold
$118,000
$84/sq ft
Nov 16, 2021
Listed
$129,900
$93/sq ft
FOR COMP PURPOSES ONLY.
Memphis Area Association of Realtors(R) MLS #10009870
Oct 25, 2017
Price Changed
$44,000
$31/sq ft
Oct 20, 2017
Sold
$44,000
$31/sq ft
Aug 23, 2017
Listed
$50,000
$36/sq ft
Public Records
Nov 20, 2012
Sold
$53,900
$39/sq ft
Public Records
Mar 26, 2012
Sold
$39,900
$29/sq ft
Public Records
Feb 1, 2012
Sold
$46,500
$33/sq ft
Memphis Area Association of Realtors(R) MLS #3238268
Jan 31, 2012
Sold
$23,250
$17/sq ft
Jan 4, 2012
Listed
$14,900
$11/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,104 (+78.8%)
$5,125 + $34,800
$39,925
2024
$1,177 (+8.1%)
$5,125 + $34,800
$39,925
2023
$1,089
$2,200 + $15,675
$17,875
2022
$1,089 (−1.2%)
$2,200 + $15,675
$17,875
2021
$1,102 (+13.9%)
$2,200 + $15,675
$17,875
2020
$967
$2,200 + $15,675
$17,875
2019
$967
$1,900 + $11,450
$13,350
2018
$967 (+76.3%)
$1,900 + $11,450
$13,350
2017
$549 (+24.4%)
$1,900 + $11,450
$13,350
2016
$441
$1,900 + $11,450
$13,350
2014
$441
$1,900 + $8,200
$10,100
Tax history for 3727 Rhea Ave
Year
Property tax
Land + Additions
Assessment*
2025
$2,104 (+78.8%)
$5,125 + $34,800
$39,925
2024
$1,177 (+8.1%)
$5,125 + $34,800
$39,925
2023
$1,089
$2,200 + $15,675
$17,875
2022
$1,089 (−1.2%)
$2,200 + $15,675
$17,875
2021
$1,102 (+13.9%)
$2,200 + $15,675
$17,875
2020
$967
$2,200 + $15,675
$17,875
2019
$967
$1,900 + $11,450
$13,350
2018
$967 (+76.3%)
$1,900 + $11,450
$13,350
2017
$549 (+24.4%)
$1,900 + $11,450
$13,350
2016
$441
$1,900 + $11,450
$13,350
2014
$441
$1,900 + $8,200
$10,100
*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
3
Baths
2
Stories
1.2
Lot width
60 ft.
Lot depth
214 ft.
Lot size
0.29 Acres
Year renovated
1985
Sq. Ft.
1,520
Year built
1947
Style
Single Family Residential
County
Shelby County
APN
038075 00002
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 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.