15 UNIT APARTMENT BUILDING NEAR UNIVERSITY OF MEMPHIS. ALL 2BR UNITS WITH CENTRAL HEATING & AIR. OVER $5,400 PER MONTH INCOME GOOD OPPORTUNITY. HAVE CLIENTS DRIVE BY THEN SCHEDULE AN APPOINTMENT.
Memphis Area Association of Realtors(R) MLS #9914699
Dec 29, 2000
Sold
$270,000
Aug 3, 1999
Listed
$299,000
Public Records
Nov 15, 1995
Sold
$195,000
Year
Property tax
Land + Additions
Assessment*
2025
$12,254 (+140.4%)
$40,480 + $192,000
$232,480
2024
$5,097 (+8.1%)
$40,480 + $192,000
$232,480
2023
$4,715
$30,680 + $46,720
$77,400
2022
$4,715 (−1.2%)
$30,680 + $46,720
$77,400
2021
$4,770 (−0.3%)
$30,680 + $46,720
$77,400
2020
$4,782
$30,680 + $46,720
$77,400
2019
$4,782
$30,680 + $35,320
$66,000
2018
$4,782 (+64.0%)
$30,680 + $35,320
$66,000
2017
$2,916 (+7.1%)
$30,680 + $35,320
$66,000
2016
$2,723
$30,680 + $40,280
$70,960
2014
$2,723
$25,560 + $36,760
$62,320
Tax history for 3972 New Willow Road Rd
Year
Property tax
Land + Additions
Assessment*
2025
$12,254 (+140.4%)
$40,480 + $192,000
$232,480
2024
$5,097 (+8.1%)
$40,480 + $192,000
$232,480
2023
$4,715
$30,680 + $46,720
$77,400
2022
$4,715 (−1.2%)
$30,680 + $46,720
$77,400
2021
$4,770 (−0.3%)
$30,680 + $46,720
$77,400
2020
$4,782
$30,680 + $46,720
$77,400
2019
$4,782
$30,680 + $35,320
$66,000
2018
$4,782 (+64.0%)
$30,680 + $35,320
$66,000
2017
$2,916 (+7.1%)
$30,680 + $35,320
$66,000
2016
$2,723
$30,680 + $40,280
$70,960
2014
$2,723
$25,560 + $36,760
$62,320
*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
Permits
Beds
2
Baths
1
Stories
—
Lot width
—
Lot depth
—
Lot size
0.59 Acres
Year renovated
—
Sq. Ft.
11,610
Year built
1966
Style
Multi-Family (5+ Unit)
County
Shelby County
APN
058102 00073C
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2026.
CMU-1
Commercial Mixed Use-1 District
The commercial mixed use districts are intended to accommodate retail, service and commercial uses and to ensure that commercial-zoned areas are compatible with the character of existing neighborhoods. While the districts primarily accommodate commercial uses, apartments and upper-story residential are allowed in order to promote live/work and mixed use opportunities. To provide for additional housing choice, single-family detached is permitted in the CMUdistricts. The CMU districts are not intended to provide for areas exclusively dominated by any one particular use but provide for neighborhoods that successfully integrate several types of compatible uses together.; The CMU-1 District is intended to provide for neighborhood serving commercial, office, and employment uses. Residential uses are encouraged above the ground floor. Compatible nonresidential uses should be located within walking distance to the established residential neighborhoods they are designated to serve. Auto-oriented uses are not appropriate in this district. Typical retail uses vary from 1,000 to 15,000 sq ft of ground floor area.
Permitted uses
Include but are not limited to:
Convenience store
Day care facility
General retail
Restaurant
Housing-Single unit
Housing-Multiple units
Infrastructure
Mixed use
Office
Medical office
Oct 7, 2020 • Final
Residential mechanical
Perform a gas line air test. Work is being completed by a plumbing contractor.
Gas
Oct 7, 2020 • Final
Residential electrical
Perform a safety inspection.
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.
Property details
Parking
Parking Information
Parking Facility: Asphalt/Blacktop
Interior
Interior Features
# of Stories: 2
Floors/Ceilings: Wall To Wall Carpet
Appliances / Equipment: Refrigerator
Common Laundry
Multi-Unit Information
# of 2 Bedroom Units: 15
Type of Units: 2 Br - 1 Bathroom
Gross Potential Annual Rent: $64,920
Average Annual Utilities: $10,152
Insurance, Taxes
Exterior
Exterior Features
Miscellaneous Exterior: Other (See Remarks)
Foundation: Slab
Roof: Pitched
Land Information
Land Sq. Ft.: 23,320
Lot Information
Parcel ID: 058102 00073C
Lot Size: 23320
Area: 758E
Property Information
# of Buildings: 1
Apartment Building
Brick
Year Built: 1966
Financial
Tax Information
Annual City Tax: $2,795
Annual County Tax: $2,846
Lease / Rent Information
Type Of Leases: 6 Month
Tenant Pays: Electric, Gas
Financing
New Financing: Conventional
Existing Financing: Clear
Utilities
Utility Information
Hot Water: Other (See Remarks)
Heating Systems: Central
Cooling Systems: Central
Location
Homeowners Association Information
Other (See Remarks)
Location Details
Directions: PARK TO GETWELL SO. PAST KIMBALL TO NEW WILLOW EAST TO 3972
MAAR Subdivision Name: EAST MEMPHIS PARK
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 11,610
Stories: —
Lot Size: 0.59 acres
Style: Multi-Family (5+ Unit)
Year Built: 1966
Year Renovated: —
County: Shelby County
APN: 058102 00073C
Home facts updated by county records on Jul 13, 2026
Other
Listing Information
Possession: Tenants Rights
Around this home
Schools
South Park Elementary School
Public PreK-5 • Assigned • 0.2mi
4/10
Colonial Middle School
Public 6-8 • Assigned • 1.7mi
6/10
Overton High School
Public 9-12 • Assigned • 1.5mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
4/10 Flood Factor
Estimated 11-17% chance 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
18% 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
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.
Property information provided by Memphis Area Association of Realtors(R) MLS when last listed in 1999. This data may not match public records. Learn more.