CALLING ALL INVESTORS!!! Seller is willing to sell this property as part of a package with 2961-2963 GRENADIER CV/Vacant and 5025 BERTA RD/Occupied at a REDUCED PRICE. Contact co-listing or your agent for more info! This tenant-occupied rental offers an opportunity to add another income-producing property to your portfolio. This 3-bedroom, 1-bath single-family home is currently generating $1,045/ month in rental income, with the current lease running through 04/03/2028. An opportunity to purchase an income-producing property with a tenant already in place. Please do not disturb the tenant. No showings without an accepted offer. NO wholesale, assignment or creative financing offers will be accepted. Financials available upon request. Professionally Managed IN-HOUSE
Single-familyProperty Type
1956Year Built
8,712 sq ftLot Size
Listed by James Wachob• Foundation Property Management
Listed by Dana Landry• Foundation Property Management
South Memphis Planning Dist, located between Downtown Memphis and the Mississippi state line, is a historic and industrial Memphis neighborhood with rail corridors and landmark music sites. The neighborhood’s character concentrates around the Stax Museum of American Soul Music on McLemore Avenue, where museumgoers, murals, and small local storefronts set a grounded, creative tone. Stax Museum of American Soul Music, The Four Way Soul Food Restaurant, and Earnestine & Hazel’s anchor local culture with deep Memphis roots. Housing ranges from early-20th-century cottages to brick mid-century blocks, with wide streets and working corridors shaping the streetscape. Martin Luther King Jr. Riverside Park and the riverfront add open-air breathing room. Major arterials like South Parkway and Elvis Presley Boulevard frame daily movement across the district.
Provided by Walk Score and Local Logic
Offer insights
389 W Mitchell Rd · $118,000
$118K and above
75% chance or better to win
Why $118K+ is a strong offer
DAYS ON MARKET
57 days
The average home goes pending in 35 days.
SALE-TO-LIST
96.7%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Five total rooms
Single-story layout
Vinyl flooring throughout
Bedrooms
Three bedrooms (all on the main/lower level)
Bathrooms
One full bathroom
Flooring
Vinyl floor
Heating & cooling
Central heating
Central air conditioning
Exterior features
Brick veneer and vinyl siding exterior
No pool
Miscellaneous exterior: Other (see remarks)
Home design
Detached single-family home
Traditional style
Built in 1956
Level lot
Parking
Driveway/pad parking
Construction
Brick veneer and vinyl siding construction
Existing property (built 1956)
Utilities
Central heating
Central cooling
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10225449
Jul 6, 2026
Listed
$118,000
Memphis Area Association of Realtors(R) MLS #10131722
Aug 18, 2022
Sold
$99,000
Jul 8, 2022
Listed
$99,000
Memphis Area Association of Realtors(R) MLS #2590494
Apr 29, 2005
Sold
$43,500
Feb 8, 2005
Listed
$41,000
THREE BEDROOM HOME.
Public Records
Apr 15, 1971
Sold
$7,078
Year
Property tax
Land + Additions
Assessment*
2025
$911 (+71.8%)
$1,900 + $15,375
$17,275
2024
$530 (+8.1%)
$1,900 + $15,375
$17,275
2023
$490
$1,375 + $6,675
$8,050
2022
$490 (−1.2%)
$1,375 + $6,675
$8,050
2021
$496 (−9.6%)
$1,375 + $6,675
$8,050
2020
$549
$1,375 + $6,675
$8,050
2019
$549
$1,375 + $6,200
$7,575
2018
$549 (+76.3%)
$1,375 + $6,200
$7,575
2017
$311 (−12.5%)
$1,375 + $6,200
$7,575
2016
$356
$1,375 + $6,200
$7,575
2014
$356
$1,375 + $6,775
$8,150
Public record
Public record
Zoning
Permits
Beds
3
Baths
1
Stories
1
Lot width
60 ft.
Lot depth
150 ft.
Lot size
9,000 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
936
Unfinished Sq. Ft.
—
Total Sq. Ft.
936
Year built
1956
Style
Single Family Residential
County
Shelby County
APN
075087 00011
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 14, 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
Jul 12, 2022 • Final
Residential electrical
Reinstall an electrical meter.
Electrical
Electric meter
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 109° expected this year, 21 days in 30 years
4/10 Wind Factor
16% 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
81/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
5.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 389 W Mitchell Rd
$113,216
$4,784 under list price of $118K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $69K to $125K.