Investor-ready rental property offering immediate cash flow with a tenant already in place and wishing to stay. This well-kept 3-bedroom, 2-bath home features a functional layout, steady rental history, and sits in a high-demand areaconvenient to shopping, schools, and major Memphis routes. Avoid turnover costs and step directly into a performing asset with a reliable long-term tenant. A strong addition to any portfolio seeking consistent returns and minimal transition time.
Memphis Area Association of Realtors(R) MLS #10229341
Aug 28, 2026
Listed
$150,000
RENTLY #4
Mar 6, 2026
Rental Removed
$1,195
Feb 22, 2026
Price Changed
$1,195
Jan 18, 2026
Price Changed
$1,250
Jan 16, 2026
Listed for Rent
$1,295
RENTLY #3
Jan 15, 2026
Rental Removed
$1,295
Dec 19, 2025
Price Changed
$1,295
Nov 26, 2025
Listed for Rent
$1,350
Memphis Area Association of Realtors(R) MLS #2
Sep 12, 2025
Price Changed
$139,900
Aug 9, 2025
Price Changed
$144,900
Jul 9, 2025
Price Changed
$149,900
Jun 27, 2025
Price Changed
$154,900
Public Records
Dec 18, 2020
Sold
$130,000
Memphis Area Association of Realtors(R) MLS #10041822
Jan 31, 2019
Sold
$15,000
Dec 5, 2018
Listed
$15,000
There is black mold under the house- therefore major price reduction since previous listing. Seller is selling AS-IS
Memphis Area Association of Realtors(R) MLS #1
Aug 11, 2018
Price Changed
$37,000
Year
Property tax
Land + Additions
Assessment*
2025
$1,250 (+13.4%)
$3,250 + $43,200
$46,450
2024
$1,102
$3,250 + $43,200
$46,450
2023
$1,102
$2,900 + $29,600
$32,500
2022
$1,102 (−1.7%)
$2,900 + $29,600
$32,500
2021
$1,121 (+60.0%)
$2,900 + $29,600
$32,500
2020
$701
$2,900 + $29,600
$32,500
2019
$701
$2,900 + $14,400
$17,300
2018
$701 (−1.5%)
$2,900 + $14,400
$17,300
2017
$711 (+8.6%)
$2,900 + $14,400
$17,300
2016
$655
$2,900 + $14,400
$17,300
2014
$655
$2,900 + $12,100
$15,000
Public record
Public record
Zoning
Permits
Beds
3
Baths
2
Stories
1
Lot width
34 ft.
Lot depth
121 ft.
Lot size
7,842 Sq. Ft.
Year renovated
2008
Finished Sq. Ft.
1,404
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,404
Year built
1996
Style
Single Family Residential
County
Shelby County
APN
D0147O D00005
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 mechanical
Perform a gas pressure test for a system that has been off for over one year.
Gas
Oct 7, 2020 • Final
Residential electrical
Inspect the electrical system to restore utility service.
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
7/10 Heat Factor
7 days above 110° expected this year, 21 days in 30 years
4/10 Wind Factor
15% 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
72/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.4 hrs
5.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 4472 Cedar Ridge Ln
$148,656
$1,344 under list price of $150K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $128K to $180K.