Price Reduced !!! This 10 unit presents an excellent opportunity for a serious investor a nice well maintain 10-unit property with substantial improvements already completed. The units are all 2BR. The scheduled monthly rental income is $8,050. Recent upgrades include new electrical, central HVAC, kitchen cabinets, and granite countertops. Each unit has refrigerator, stove, washer & dryers. Drive by only. Please do not disturb residents
Kimball, located between Frayser Boulevard and North Watkins Street, is a residential and industrial Memphis neighborhood with rail-adjacent corridors and wide, low-rise blocks. The neighborhood’s character concentrates around the Frayser Blvd and N Watkins St crossroads, where auto shops, corner markets, and takeout counters set a working-day rhythm. Housing reads as modest mid-century ranches and brick cottages mixed with light-industrial yards and warehouse fronts. Green space and civic life orbit nearby Frayser Park and the Frayser Branch Library. The Mississippi River’s presence registers in the flat topography and big-sky streetscapes. Daily errands and local flavor often point toward long-running Frayser staples such as Ching’s Hot Wings and the Frayser Farmers Market.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Two-story interior with 8-foot ceilings and drywall
Tile flooring in parts of the interior
Bedrooms
Ten 2-bedroom units (each 2 BR - 1 BA)
Bathrooms
Each unit has 1 bathroom
Kitchen
Refrigerator
Freestanding range/oven
Laundry & utility
Washer and dryer in each unit
Electric hot water
Flooring
Tile flooring noted
Drywall walls/ceilings
Heating & cooling
Central heating
Central air conditioning
Exterior features
Single building apartment property
Brick/veneer exterior
Home design
Apartment building
Built in 1960
Parking
Asphalt/blacktop parking
Construction
Slab foundation
Composition roof
Utilities
Electric hot water
Central heating and central cooling
Financial info
Total of 10 units with 100% occupancy
Gross potential annual rent $103,200
Actual annual rent $103,200
Average annual utilities $869
Annual insurance $8,200
Annual operating expenses $28,279
Existing financing is clear; new financing details available from listing agent
Other
Leases are yearly
Tenant responsibilities: contact listing agent for details
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10231574
Oct 1, 2026
Listed
$838,284
Public Records
Oct 13, 2021
Sold
$580,000
Public Records
Dec 30, 2019
Sold
$175,000
Year
Property tax
Land + Additions
Assessment*
2025
$4,191 (+30.6%)
$16,200 + $63,320
$79,520
2024
$3,208 (+8.1%)
$16,200 + $63,320
$79,520
2023
$2,968
$18,000 + $30,720
$48,720
2022
$2,968 (−1.2%)
$18,000 + $30,720
$48,720
2021
$3,003 (+15.9%)
$18,000 + $30,720
$48,720
2020
$2,591
$18,000 + $30,720
$48,720
2019
$2,591
$18,000 + $17,760
$35,760
2018
$2,591 (+76.3%)
$18,000 + $17,760
$35,760
2017
$1,470 (−4.4%)
$18,000 + $17,760
$35,760
2016
$1,538
$18,000 + $17,760
$35,760
2014
$1,538
$15,000 + $20,200
$35,200
Public record
Public record
Zoning
Permits
Beds
2
Baths
1
Stories
—
Lot width
—
Lot depth
—
Lot size
0.34 Acres
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
7,200
Year built
1960
Style
Multi-Family (5+ Unit)
County
Shelby County
APN
058082 00001
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2026.
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
Apr 20, 2026 • Final
Residential electrical
Perform fire ruling work on two residential units.
Electrical
Fire sprinkler
Jul 3, 2025 • Final
Residential electrical
Perform a complete electrical rewire of the building.
Electrical
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
7/10 Heat Factor
7 days above 109° expected this year, 22 days in 30 years
4/10 Wind Factor
19% 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
97/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 5% for direct sun exposure in Memphis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10 hrs
6.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3917 Dunn Ave
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