OFF MARKET

Off market sep 2022 for $1.6M

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Est. refi paymentEst. refi $12,900/mo

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sq ft

3945 Macon Rd, Memphis, TN 38122

About this home

Rare opportunity for an investor looking to purchase a value-add property in the desirable Berclair community. Significant upside through interior unit renovations, enhancing the common areas and improving operations. Located near the most highly sought-after Grahamwood Elementary School, new commercial development and within minutes from Memphis International Airport, Downtown Memphis, FedEx Forum, AutoZone Park, the famous Beale Street and much, much more! OCCUPANCY RATE INCREASED TO 98.5%.

Multi-familyProperty Type

1975Year Built

Listed by Yvonne Spencer • Braden, Braden & Braden LLC

Listed by Curtis Braden • Braden, Braden & Braden LLC

Bought with Karen Lynn • REMAX Experts

Bought with Roland Mittag

Redfin checked: 2 minutes ago

•Source:Memphis Area Association of Realtors(R) MLS #10126246

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 38122, TN

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

93.5%

1.0% MoM

Median sale price

$160K

$15K MoM

Avg. days on market

49d

11 days MoM

Recently sold homes

0 MoM

New listings for sale

NEW 4 HRS AGO
$364,000
3 beds2 baths— sq ft
3651 Philwood Ave, Memphis, TN 38122
$125,000
2 beds1 bath818 sq ft
1201 Leawood St, Memphis, TN 38122
NEW 10 HRS AGO
$217,900
3 beds2 baths— sq ft
581 Eastern Dr, Memphis, TN 38122
NEW 10 HRS AGO
$1,066,000
31 beds— baths— sq ft
1088 National St, Memphis, TN 38122
NEW 27 HRS AGO
$129,999
3 beds1 bath— sq ft
3475 Vernon Ave, Memphis, TN 38122
NEW 29 HRS AGO
$260,000
2 beds2 baths— sq ft
3661 Charleswood Ave, Memphis, TN 38122
NEW 31 HRS AGO
$249,000
4 beds2 baths— sq ft
1019 Sandra Rd, Memphis, TN 38122
OPEN SAT, 1PM TO 3PM
$300,000
6 beds2 baths— sq ft
4020 Faxon Dr, Memphis, TN 38122
$120,000
3 beds2 baths— sq ft
3818 Faxon Ave, Memphis, TN 38122
$219,000
3 beds1 bath— sq ft
3533 Shirlwood Ave, Memphis, TN 38122
See all

Provided by Redfin

Sale history for 3945 Macon Rd

Year

Property tax

Land + Additions

Assessment*

2025

$15,644 (−20.6%)

$49,520 + $247,280

$296,800

2024

$19,698 (+8.1%)

$49,520 + $247,280

$296,800

2023

$18,221

$40,840 + $258,280

$299,120

2022

$18,221 (−1.2%)

$40,840 + $258,280

$299,120

2021

$18,435 (+5.8%)

$40,840 + $258,280

$299,120

2020

$17,419

$40,840 + $258,280

$299,120

2019

$17,419

$40,840 + $199,560

$240,400

2018

$17,419 (+76.3%)

$40,840 + $199,560

$240,400

2017

$9,880 (+50.7%)

$40,840 + $199,560

$240,400

2016

$6,555

$40,840 + $199,560

$240,400

2014

$6,555

$40,840 + $109,160

$150,000

Tax history for 3945 Macon Rd

Year

Property tax

Land + Additions

Assessment*

2025

$15,644 (−20.6%)

$49,520 + $247,280

$296,800

2024

$19,698 (+8.1%)

$49,520 + $247,280

$296,800

2023

$18,221

$40,840 + $258,280

$299,120

2022

$18,221 (−1.2%)

$40,840 + $258,280

$299,120

2021

$18,435 (+5.8%)

$40,840 + $258,280

$299,120

2020

$17,419

$40,840 + $258,280

$299,120

2019

$17,419

$40,840 + $199,560

$240,400

2018

$17,419 (+76.3%)

$40,840 + $199,560

$240,400

2017

$9,880 (+50.7%)

$40,840 + $199,560

$240,400

2016

$6,555

$40,840 + $199,560

$240,400

2014

$6,555

$40,840 + $109,160

$150,000

*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

Baths

Stories

—

Lot width

—

Lot depth

—

Lot size

1.42 Acres

Year renovated

—

Sq. Ft.

13,760

Year built

1975

Style

Multi-Family (5+ Unit)

County

Shelby County

APN

038094 00006

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

Property details

Parking

Parking Information
Parking Facility: Asphalt/Blacktop

Interior

Interior Features
Floors/Ceilings: Partial Carpet
Connections

Multi-Unit Information
# of 2 Bedroom Units: 24
# of Units (Total): 24
Percent Occupancy: 98
Type of Units: 2 Br - 1+ Bathrooms
Average Annual Utilities: $1,392
Annual Insurance Expenses: $11,000
Annual Operating Expenses: $56,627
Management, Insurance, Some Utilities, Repairs/Maintenance, Pest Control, Services, Other (Call Listing Agent)

Exterior

Exterior Features
Foundation: Slab
Roof: Pitched

Land Information
Land Sq. Ft.: 61,898

Lot Information
Parcel ID: 038094 00006
Lot #: 4
Lot Size: 160 X 387.2
Area: 752E

Property Information
# of Buildings: 2
Apartment Complex
Brick
Year Built: 1975

Financial

Tax Information
Annual City Tax: $7,683
Annual County Tax: $9,736

Lease / Rent Information
Type Of Leases: Year
Tenant Pays: Gas, Electric
Actual Annual Rent: $158,400

Financing
New Financing: Other (Call Listing Agent)
Existing Financing: Private/Owner

Utilities

Utility Information
Hot Water: Electrical
Heating Systems: Central
Cooling Systems: Central

Location

Location Details
Directions: From Poplar Ave and S Reese St turn left onto Highland Ave, right onto Tutwiler Rd, left onto N Graham St and left onto Macon Rd.
MAAR Subdivision Name: GRAHAM SQUARE APARTMENTS

Public facts

Beds: 2
Baths: 1.0
Sq. Ft.: 13,760
Stories: —
Lot Size: 1.42 acres
Style: Multi-Family (5+ Unit)
Year Built: 1975
Year Renovated: —
County: Shelby County
APN: 038094 00006

Home facts updated by county records on Jul 13, 2026

Other

Listing Information
Possession: At Closing

Around this home

Schools

Grahamwood Elementary School

Public PreK-5 • Assigned • 0.8mi

7/10

Treadwell Middle School

Public 6-8 • Assigned • 0.8mi

5/10

Kingsbury High School

Public 9-12 • Assigned • 0.3mi

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

7/10 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

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)

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

Is this your home?

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Home values near 3945 Macon Rd

Data from public records.

Address	Redfin Estimate
3933 Macon Rd, Memphis, TN 3 Beds \| 1 Baths \| 1000 Sq. Ft.	$111,229
3960 Macon Rd, Memphis, TN 2 Beds \| 1 Baths \| 3584 Sq. Ft.	—

Address	Redfin Estimate
3927 Macon Rd, Memphis, TN 3 Beds \| 1 Baths \| 864 Sq. Ft.	$88,864
3939 Macon Rd, Memphis, TN 3 Beds \| 1 Baths \| 864 Sq. Ft.	$75,881

Address	Redfin Estimate
3923 Macon Rd, Memphis, TN 4 Beds \| 2 Baths \| 1256 Sq. Ft.	$130,997
3957 Macon Rd, Memphis, TN 4 Beds \| 2 Baths \| 1800 Sq. Ft.	$167,739

Property information provided by Memphis Area Association of Realtors(R) MLS when last listed in 2022. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 38122, TN

Sale history for 3945 Macon Rd

Tax history for 3945 Macon Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 38122

Home values near 3945 Macon Rd

More real estate resources