TURNKEY INVESTMENT OPPORTUNITY! This tenant-occupied 2-bedroom, 1-bath home is currently rented for $900/month through 02/25/2028, providing immediate rental income with an established tenant already in place. The home offers a functional floor plan and convenient parking, making it a solid addition to an investment portfolio. Whether you’re an experienced investor looking to grow your portfolio or purchasing your first rental property, this income-producing home offers an attractive opportunity at an affordable price point. Please do not disturb the tenant. No showings without an accepted offer. Financials available upon request. No wholesalers, assignments, or creative financing! PROFESSIONALLY MANAGED IN-HOUSE Owner/Agent
Single-familyProperty Type
1963Year Built
9,147 sq ftLot Size
Listed by James Wachob• Foundation Property Management
West Junction, located between Downtown Memphis and Midtown, is a historic and industrial Memphis neighborhood with brick warehouses and rail-side streetscapes. The neighborhood’s character concentrates around the South Main Street corridor near Central Station, where galleries, coffee counters, and small restaurants line wide sidewalks. Converted loft buildings and older commercial blocks give the streets a utilitarian, design-forward feel. The National Civil Rights Museum and the Orpheum Theatre anchor the cultural calendar with exhibitions and stage nights. South Main’s storefronts and trolley tracks shape a walkable rhythm from daytime cafés to late shows.
Provided by Walk Score and Local Logic
Market insights
433 Dixie Rd · $119,000
DAYS ON MARKET
373 days
The average home goes pending in 35 days.
SALE-TO-LIST
96.6%
Most homes are selling 3% below list price.
LIST PRICE
$119,000
Median list price in this area is $247,771. (108% higher than this home)
PRICE DROP
2 price drops
26% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Five total rooms
Single-story
Marble/terrazzo and vinyl flooring
Washer/dryer connections
All bedrooms on the main level
Other interior features (see remarks)
Bedrooms
2 bedrooms (both on the main level)
Bathrooms
1 full bathroom
Kitchen
Other kitchen features (see remarks)
Laundry & utility
Washer/dryer connections
Flooring
Marble/terrazzo flooring
Vinyl flooring
Other flooring (see remarks)
Heating & cooling
Central heating
Central air conditioning
Exterior features
Front porch
Other exterior features (see remarks)
Vinyl siding
Wood windows
Level lot
Home design
Detached single-family home
Traditional style
Built in 1963
Parking
Driveway/pad
Additional parking or storage (see remarks)
Construction
Vinyl siding exterior
Wood windows
Existing property (not new construction)
Utilities
Central heat
Central air
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10203698
Sep 12, 2025
Price Changed
$119,000
Sep 11, 2025
Price Changed
$103,000
Sep 4, 2025
Price Changed
$537,000
Sep 2, 2025
Price Changed
$119,000
Aug 15, 2025
Listed
$537,000
Public Records
Oct 2, 1953
Sold
$4,200
Year
Property tax
Land + Additions
Assessment*
2025
$683 (+29.2%)
$1,525 + $11,425
$12,950
2024
$528 (+8.1%)
$1,525 + $11,425
$12,950
2023
$489
$1,100 + $6,925
$8,025
2022
$489 (−1.2%)
$1,100 + $6,925
$8,025
2021
$495 (−3.2%)
$1,100 + $6,925
$8,025
2020
$511
$1,100 + $6,925
$8,025
2019
$511
$1,100 + $5,950
$7,050
2018
$511 (+76.3%)
$1,100 + $5,950
$7,050
2017
$290 (−11.7%)
$1,100 + $5,950
$7,050
2016
$328
$1,100 + $5,950
$7,050
2014
$328
$1,325 + $6,200
$7,525
Public record
Public record
Zoning
Beds
3
Baths
2
Stories
1
Lot width
67 ft.
Lot depth
201 ft.
Lot size
9,459 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
920
Unfinished Sq. Ft.
—
Total Sq. Ft.
920
Year built
1963
Style
Single Family Residential
County
Shelby County
APN
075016 00009
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 16, 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
Climate risks
6/10 Flood Factor
Estimated 70-78% 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
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38109
Average low and high temperatures (°F)
46
30
56
38
71
50
77
58
78
63
87
72
92
76
90
71
85
67
77
57
65
49
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
87/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
6.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 433 Dixie Rd
$228,271
$109K over list price of $119K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $69K to $155K.