Take advantage of this outstanding income-producing investment! This rental property is located in a high-demand area with easy access to retail, restaurants, employment centers, and everyday conveniences, making it an attractive option for tenants. A fantastic addition to any investment portfolio. Please note that assignment contracts and wholesale offers will not be accepted.
Single-familyProperty Type
1951Year Built
0.39 acresLot Size
Listed by Dean Harris• CrestCore Realty MphsBrokerage
Mount Pisgah, located between Raleigh and Bartlett, is a residential and semi-rural Memphis neighborhood with wooded lots and long, curving roads. The neighborhood’s character concentrates around the Austin Peay Highway corridor, where auto shops, local eateries, and everyday services create a steady, working-commercial rhythm. Housing trends toward ranch-style homes and newer subdivisions set back from the street behind mature trees. Green space and creek-lined pockets shape the landscape and keep the pace quieter away from the main road. Daily errands and casual dining cluster along the highway, while side streets feel more tucked away and private.
Provided by Walk Score and Local Logic
Market insights
3920 Michael Rd · $119,900
DAYS ON MARKET
1 days
The average home goes pending in 35 days.
SALE-TO-LIST
96.3%
Most homes are selling 4% below list price.
LIST PRICE
$119,900
Median sale price in this area is $269,256. (125% higher than this home)
PRICE DROP
0 price drops
26% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Interior features
One-story layout with five total rooms
Living room, dining room, kitchen, breakfast room, and den/great room (see remarks)
All bedrooms located on the main level
Bedrooms
Three bedrooms (all on the main level)
Bathrooms
One full bathroom
Kitchen
Kitchen with adjacent breakfast room
Flooring
Part hardwood floors
Part carpet
Heating & cooling
Central heating
Central cooling
Exterior features
Vinyl siding
Some trees
Corner lot
No pool
Miscellaneous exterior features (see remarks)
Home design
Detached single-family home
Traditional style
Built in 1951
Parking
Driveway/pad
Construction
Composition shingle roof
Slab foundation
Utilities
Electric water heater
Public water
Public sewer
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10229546
Sep 1, 2026
Listed
$119,900
PROPERTYWARE #3
Dec 20, 2024
Rental Removed
$1,195
Nov 1, 2024
Price Changed
$1,195
Oct 19, 2024
Price Changed
$1,295
Sep 7, 2024
Price Changed
$1,350
Aug 28, 2024
Listed for Rent
$1,150
MMLS #10167899
Jul 1, 2024
Rental Removed
$1,200
May 29, 2024
Price Changed
$1,200
Mar 14, 2024
Listed for Rent
$1,300
Memphis Area Association of Realtors(R) MLS #10163843
Feb 16, 2024
Sold
$105,000
Jan 10, 2024
Listed
$117,900
+12
This charming move-in-ready house is nestled within minutes from Graceland & Planet Fitness. This delightful home offers a perfect combination of comfort and convenience. Boasting 3 bedrooms and 1 bathroom, it provides ample space for a growing family. Situated on 0.39 Acres, the property includes a huge yard, providing a safe and spacious area for kids to play and pets to roam freely. With its prime location and desirable features, this lovely house is an opportunity you don't want to miss!
Memphis Area Association of Realtors(R) MLS #2
Aug 14, 2023
Price Changed
$130,000
Memphis Area Association of Realtors(R) MLS #1
Jun 27, 2023
Price Changed
$125,000
Jun 20, 2023
Price Changed
$130,000
Public Records
Dec 15, 2020
Sold
$72,000
Public Records
Dec 21, 2017
Sold
$66,900
Memphis Area Association of Realtors(R) MLS #10005873
Dec 11, 2017
Sold
$25,000
Nov 17, 2017
Price Changed
$33,500
Aug 24, 2017
Price Changed
$36,500
Jun 29, 2017
Listed
$37,000
Memphis Area Association of Realtors(R) MLS #3207829
Oct 27, 2010
Sold
$15,000
Sep 7, 2010
Listed
$18,900
Public Records
May 3, 1971
Sold
$15,000
Year
Property tax
Land + Additions
Assessment*
2025
$1,374 (+17.2%)
$4,375 + $21,700
$26,075
2024
$1,172 (+8.1%)
$4,375 + $21,700
$26,075
2023
$1,084
$3,425 + $14,375
$17,800
2022
$1,084 (−1.2%)
$3,425 + $14,375
$17,800
2021
$1,097 (+31.1%)
$3,425 + $14,375
$17,800
2020
$837
$3,425 + $14,375
$17,800
2019
$837
$3,425 + $8,125
$11,550
2018
$837 (+76.3%)
$3,425 + $8,125
$11,550
2017
$475 (−11.9%)
$3,425 + $8,125
$11,550
2016
$539
$3,425 + $8,125
$11,550
2014
$539
$3,650 + $8,700
$12,350
Public record
Public record
Zoning
Beds
3
Baths
1
Stories
1
Lot width
88 ft.
Lot depth
172 ft.
Lot size
0.4 Acres
Year renovated
1968
Finished Sq. Ft.
1,159
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,159
Year built
1951
Style
Single Family Residential
County
Shelby County
APN
077031 00038
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 14, 2026.
R-10
Residential Single-Family-10 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. 5 single-family residential districts are established-R-10 which are differentiated primarily on the basis of minimum lot area and setback requirements.; New R-10 districts are generally located at least 1,500 to 2,000 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
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
6 days above 109° expected this year, 18 days in 30 years
4/10 Wind Factor
22% 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 • 38116
Average low and high temperatures (°F)
47
30
57
38
71
50
77
58
79
63
88
72
92
76
89
72
85
68
77
57
65
49
54
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
89/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in the zip code. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9 hrs
6.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3920 Michael Rd
$119,948
$48 over list price of $120K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $70K to $150K.