Completely updated home with a resident moving in on a 2-year lease at in year 1 and in year 2. Our repairs & updates make this a great investment property to maximize cash flow. Can be bought individually or part of a package of fully renovated homes. Need a Quick Sell? We are always looking to buy homes "as is" without inspection and will pay cash. Call listing agent for details.
Single-familyProperty Type
1945Year Built
0.28 acresLot Size
$137Est. Price/Sq.Ft.
1 spaceParking
Listed by Andrew Akins• CB Properties of Memphis, LLC
Bought with Andrew Akins• CB Properties of Memphis, LLC
Memphis Area Association of Realtors(R) MLS #10140715
Feb 3, 2023
Sold
$94,900
$95/sq ft
Jan 4, 2023
Listed
$94,900
$95/sq ft
Memphis Area Association of Realtors(R) MLS #3214889
Feb 17, 2011
Sold
$18,000
$18/sq ft
Jan 6, 2011
Listed
$19,380
$19/sq ft
+3
This is a Fannie Mae HomePath property. Good opportunity for your buyers 2 bedrooms down and 1 bedroom and half bath up.
Memphis Area Association of Realtors(R) MLS #2565948
Apr 16, 2004
Sold
$29,592
$30/sq ft
Jan 30, 2004
Listed
$36,000
$36/sq ft
Public Records
Aug 31, 1998
Sold
$53,500
$54/sq ft
Memphis Area Association of Realtors(R) MLS #9808077
May 1, 1998
Listed
$55,000
$55/sq ft
Public Records
Dec 10, 1971
Sold
$14,426
$14/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,285 (+23.3%)
$5,000 + $19,375
$24,375
2024
$1,042 (+8.1%)
$5,000 + $19,375
$24,375
2023
$964 (+14.9%)
$2,125 + $13,700
$15,825
2022
$839 (−1.2%)
$2,125 + $13,700
$15,825
2021
$849 (+18.6%)
$2,125 + $11,650
$13,775
2020
$716
$2,125 + $11,650
$13,775
2019
$716
$1,850 + $8,025
$9,875
2018
$716 (+76.3%)
$1,850 + $8,025
$9,875
2017
$406 (−13.5%)
$1,850 + $8,025
$9,875
2016
$469
$1,850 + $8,025
$9,875
2014
$469
$1,850 + $8,900
$10,750
Tax history for 3740 Rhea Ave
Year
Property tax
Land + Additions
Assessment*
2025
$1,285 (+23.3%)
$5,000 + $19,375
$24,375
2024
$1,042 (+8.1%)
$5,000 + $19,375
$24,375
2023
$964 (+14.9%)
$2,125 + $13,700
$15,825
2022
$839 (−1.2%)
$2,125 + $13,700
$15,825
2021
$849 (+18.6%)
$2,125 + $11,650
$13,775
2020
$716
$2,125 + $11,650
$13,775
2019
$716
$1,850 + $8,025
$9,875
2018
$716 (+76.3%)
$1,850 + $8,025
$9,875
2017
$406 (−13.5%)
$1,850 + $8,025
$9,875
2016
$469
$1,850 + $8,025
$9,875
2014
$469
$1,850 + $8,900
$10,750
*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
2
Baths
1.5
Stories
1
Lot width
60 ft.
Lot depth
207 ft.
Lot size
0.29 Acres
Year renovated
1985
Sq. Ft.
1,164
Year built
1947
Style
Single Family Residential
County
Shelby County
APN
038074 00019
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.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Senior
Infrastructure
Educational / school
Fire house
Police station
Recreation
Park & open space
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 Baths (1/2): 1
# of Bathrooms (Full): 1
# of Bathrooms (1/2): 1
Interior Features
# of Fireplaces: 1
# of Rooms: 5
# of Stories: 1
Floors/Ceilings: Part Hardwood
Room Information
Living Room Dimensions:
Dining Room Dimensions:
Den/Great Room Dimensions:
Dining Room Dimensions: 0x0
Living Room Dimensions: 0x0
Living/Dining/Kitchen: Other (See Remarks)
Den/Great Room Dimensions: 0x0
Additional Bedroom/Bathroom Info: Master Bedroom Down
Exterior
Exterior Features
Pool Description: None
Miscellaneous Exterior: Porch
Exterior/Windows: Brick Veneer
Land Information
Acreage: 0.28
Lot Information
Parcel ID: 038074 00019
Lot #: 25
Lot Size: 60X207
Lot Description: Level
Area: 752E
Property Information
Detached Single Family
Style: Traditional
Property Construction Status: Existing Property
Approx Heated Sq. Ft. Range: 1000-1199
Year Built: 1945
Financial
Tax Information
Annual City Tax: $374
Annual County Tax: $475
Financing
Buyer Contributions: 0
Utilities
Utility Information
Heating: Central
Cooling: Central
Location
Multi-Unit Information
Detached Unit Type: General Residential
Location Details
Directions: West on Macon. Left onto Isabelle. Right onto Rhea. Home on the right.
MAAR Subdivision Name: AYDELOTT
Public facts
Beds: 2
Baths: 1.5
Sq. Ft.: 1,164
Stories: 1.0
Lot Size: 0.29 acres
Style: Single Family Residential
Year Built: 1947
Year Renovated: 1985
County: Shelby County
APN: 038074 00019
Home facts updated by county records on Jul 13, 2026
Around this home
Schools
Treadwell Elementary School
Public PreK-5 • Assigned • 0.4mi
3/10
Treadwell Middle School
Public 6-8 • Assigned • 0.4mi
5/10
Kingsbury High School
Public 9-12 • Assigned • 0.7mi
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
17% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38122
Average low and high temperatures (°F)
47
30
57
38
71
50
78
58
79
63
89
72
93
77
90
71
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
$131,000 – $158,000
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Property information provided by Memphis Area Association of Realtors(R) MLS when last listed in 2023. This data may not match public records. Learn more.