This property is a MONEY MAKING MACHINE! Seven bedroom boarding house ran by a US Veteran, this property is clean as a whistle and the owner runs a tight ship! The property generates about $4k/mo depending on exact occupancy, expenses appear to run under $1000/mo. Tenant lease lengths vary with most being weekly. Self managed, but owner can produce bank deposits with acceptable offer. Ideal opportunity for local investor or someone with boots on the ground here. No wholesale or assignments.
Memphis Area Association of Realtors(R) MLS #10131309
Oct 20, 2022
Sold
$150,000
Aug 31, 2022
Price Changed
$150,000
Aug 24, 2022
Price Changed
$160,000
Aug 16, 2022
Listed
$175,000
+18
This property is a MONEY MAKING MACHINE! Seven bedroom boarding house ran by a US Veteran, this property is clean as a whistle and the owner runs a tight ship! The property generates about $4k/mo depending on exact occupancy, expenses appear to run under $1000/mo. Tenant lease lengths vary with most being weekly. Self managed, but owner can produce bank deposits with acceptable offer. Ideal opportunity for local investor or someone with boots on the ground here. No wholesale or assignments.
Public Records
Sep 15, 1995
Sold
$47,500
Public Records
Oct 31, 1975
Sold
$23,150
Year
Property tax
Land + Additions
Assessment*
2025
$1,442 (+23.2%)
$2,875 + $21,350
$24,225
2024
$1,171 (+8.1%)
$2,875 + $24,475
$27,350
2023
$1,083
$2,250 + $15,525
$17,775
2022
$1,083 (−1.2%)
$2,250 + $15,525
$17,775
2021
$1,095 (+9.8%)
$2,250 + $15,525
$17,775
2020
$998
$2,250 + $15,525
$17,775
2019
$998
$2,250 + $11,525
$13,775
2018
$998 (+76.3%)
$2,250 + $11,525
$13,775
2017
$566 (+4.5%)
$2,250 + $11,525
$13,775
2016
$542
$2,250 + $11,525
$13,775
2014
$542
$2,250 + $10,175
$12,425
Tax history for 4260 Windermere Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,442 (+23.2%)
$2,875 + $21,350
$24,225
2024
$1,171 (+8.1%)
$2,875 + $24,475
$27,350
2023
$1,083
$2,250 + $15,525
$17,775
2022
$1,083 (−1.2%)
$2,250 + $15,525
$17,775
2021
$1,095 (+9.8%)
$2,250 + $15,525
$17,775
2020
$998
$2,250 + $15,525
$17,775
2019
$998
$2,250 + $11,525
$13,775
2018
$998 (+76.3%)
$2,250 + $11,525
$13,775
2017
$566 (+4.5%)
$2,250 + $11,525
$13,775
2016
$542
$2,250 + $11,525
$13,775
2014
$542
$2,250 + $10,175
$12,425
*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
3
Baths
1
Stories
1
Lot width
70 ft.
Lot depth
140 ft.
Lot size
9,800 Sq. Ft.
Year renovated
—
Sq. Ft.
1,263
Year built
1968
Style
Single Family Residential
County
Shelby County
APN
090052 00053
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
Property details
Parking
Parking Information
Parking Total: 0
Parking Features: Parking Pad
Interior
Bedroom Information
# of Bedrooms: 7
Bathroom Information
# of Full Baths (Total): 1
Heating & Cooling
Has Heating
Heating Information: Central
Has Cooling
Cooling Information: Central Air
Interior Features
Flooring: Wood, Tile
Exterior
Exterior Features
Patio And Porch Features: Deck
Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Above Grade Finished Area Units: Square Feet
Below Grade Finished Area Units: Square Feet
Lot Information
Lot Size Area: 0.22
Lot Size Units: Acres
Lot Size Acres: 0.22
Lot Size Dimensions: 70X140
Financial
Tax Information
Tax Annual Amount: $998
Location
Location Information
Directions: N ON NEW ALLEN, R ON RIDGEMONT, R ON WINDERMERE, HOME ON L
Public facts
Beds: 3
Baths: 1.0
Sq. Ft.: 1,263
Stories: 1.0
Lot Size: 9,800 square feet
Style: Single Family Residential
Year Built: 1968
Year Renovated: —
County: Shelby County
APN: 090052 00053
Home facts updated by county records on Jul 13, 2026
Other
Home Information
Living Area Units: Square Feet
Building Area Units: Square Feet
Year Built Details: Existing
Levels: Three Or More
Around this home
Schools
Egypt Elementary School
Public PreK-5 • Assigned • 0.7mi
4/10
Raleigh Egypt High School
Public 6-12 • Assigned • 0.6mi
4/10
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
6/10 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 • 38128
Average low and high temperatures (°F)
46
29
57
36
71
50
78
58
79
62
89
72
93
76
89
70
85
66
77
55
65
48
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 4.7 hours in December, placing it above the
U.S. average for solar exposure.
10.5 hrs
4.7 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$114,000 – $138,000
Sell confidently with a local market expert in Memphis. 3 minutes to get started.