This 3 bedroom, 2 bath investment property features is tenant occupied at $750/month. The tenants are month to month. Please do not disturb the tenants. It is professionally managed. Take a look and bring us an offer! It needs some work but could be worth a lot more money once renovated. The tenant lease and ledger available upon request. No creative or seller financing offers and no wholesalers or assignments. Pictures are prior to tenant move in.
Colonial Willow, located between East Parkway South and Southern Avenue, is a residential and historic Memphis neighborhood with curving streets and mature tree canopy. Around the Southern Ave & East Parkway S junction, the scene shifts to a steady rhythm of campus foot traffic, coffee counters, and small eateries. Brick cottages and mid-century ranch homes sit behind deep lawns, giving the blocks a calm, lived-in feel. The University of Memphis frames the area with lectures, performances, and game-day energy. Dixon Gallery & Gardens adds a quiet cultural counterpoint with art-filled rooms and landscaped paths. Daily routines often orbit Park Avenue’s local storefronts and the neighborhood’s pocket parks.
Provided by Walk Score and Local Logic
Market insights
4005 Elliston Rd · $80,000
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
$80,000
Median sale price in this area is $269,256. (237% 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
Single-story home
8 total rooms
Floors/ceilings: Other (see remarks)
Open living/dining/kitchen concept (see remarks)
Additional bedroom/bathroom details noted in remarks
Bedrooms
3 bedrooms
Bathrooms
2 full bathrooms
Heating & cooling
Central heating
Central air conditioning
Exterior features
Vinyl siding
No pool
Level lot
Home design
Detached single-family home
Traditional style
Built in 1974
Parking
Driveway/pad
Construction
Existing property
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10229957
Sep 4, 2026
Listed
$80,000
Public Records
Apr 11, 2018
Sold
$430,000
Memphis Area Association of Realtors(R) MLS #3174702
Aug 10, 2009
Sold
$18,200
Jun 26, 2009
Listed
$21,500
+1
This cute 3 bedroom 2 bath home has hardwood floors throughout. It also has a covered patio for those nice summer nights.
Memphis Area Association of Realtors(R) MLS #3161573
Jun 24, 2009
Sold
$7,500
Jan 14, 2008
Listed
$29,900
+1
This cute 3 bedroom 2 bath home has hardwood floors throughout. It also has a covered patio for those nice summer nights. Being sold As- Is.
Year
Property tax
Land + Additions
Assessment*
2025
$1,120 (+34.7%)
$2,475 + $18,775
$21,250
2024
$831 (+8.1%)
$2,475 + $18,775
$21,250
2023
$769
$1,800 + $10,825
$12,625
2022
$769 (−1.2%)
$1,800 + $10,825
$12,625
2021
$778 (+23.1%)
$1,800 + $10,825
$12,625
2020
$632
$1,800 + $10,825
$12,625
2019
$632
$1,100 + $7,625
$8,725
2018
$632 (+76.3%)
$1,100 + $7,625
$8,725
2017
$359 (−11.5%)
$1,100 + $7,625
$8,725
2016
$405
$1,100 + $7,625
$8,725
2014
$405
$1,100 + $8,175
$9,275
Public record
Public record
Zoning
Permits
Beds
3
Baths
2
Stories
1
Lot width
50 ft.
Lot depth
300 ft.
Lot size
0.32 Acres
Year renovated
—
Finished Sq. Ft.
1,536
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,536
Year built
1984
Style
Single Family Residential
County
Shelby County
APN
058100 00004
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 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
Oct 7, 2020 • Final
Residential electrical
Install new light fixtures, receptacles, and switch covers. Perform a meter putback and install molding.
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
6/10 Heat Factor
7 days above 109° expected this year, 21 days in 30 years
4/10 Wind Factor
17% 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
85
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.
10.5 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 4005 Elliston Rd
$79,261
$739 under list price of $80K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $75K to $174K.
Local rules require you to be signed in3995 Philsdale Ave, Memphis, TN 38111