ATTENTION INVESTORS! This tenant-occupied rental offers an opportunity to add another income-producing property to your portfolio. This 4-bedroom, 2-bath multi-family home is currently generating $1,500/ month in combined rental income, with the current lease running through 02/10/2028 on one side and the other through 02/02/2027. An opportunity to purchase an income-producing property with a tenant already in place. Please do not disturb the tenant. No showings without an accepted offer. NO wholesale, assignment or creative financing offers will be accepted. Financials available upon request. Professionally Managed IN-HOUSE
Multi-familyProperty Type
1974Year Built
Listed by James Wachob• Foundation Property Management
Oakhaven, located between I-240 and the Memphis International Airport, is a residential and commercial Memphis neighborhood with mid-century ranch streetscapes and aviation-adjacent energy. The neighborhood’s character concentrates along the Elvis Presley Boulevard corridor near Shelby Drive, where auto shops, taquerias, barbershops, and small storefronts keep the sidewalks in motion. Housing trends toward brick one-stories with deep setbacks, punctuated by apartment communities and pocket churches. T.O. Fuller State Park frames the area with wooded trails and lake views. The airport and FedEx World Hub add a steady rhythm of planes and logistics traffic. Community touchstones include Graceland, the Stax Museum of American Soul Music, and the Memphis Botanic Garden.
Provided by Walk Score and Local Logic
Offer insights
4481-4483 Sumners Wells Rd · $130,000
$130K and above
75% chance or better to win
Why $130K+ is a strong offer
DAYS ON MARKET
88 days
The average home goes pending in 31 days.
SALE-TO-LIST
93.1%
Most homes are selling 7% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
One-story layout
Vinyl flooring throughout
Bedrooms
Two bedrooms in Unit 1
Two bedrooms in Unit 2
Bathrooms
One full bathroom in Unit 1
One full bathroom in Unit 2
Flooring
Vinyl floors
Heating & cooling
Central heating
Central cooling
Hot water: see remarks
Exterior features
Brick veneer exterior
Level lot
Home design
Built as a duplex
Traditional style
Built in 1974
Parking
Driveway/pad parking
Construction
Brick veneer construction
1974 construction
Utilities
Central heating and cooling
Hot water: see remarks
Financial info
Type of leases: Other (call listing agent)
New financing: Other (see remarks)
Other
Parcel ID: 073110 00013
Lot number 104, lot dimensions approx. 49 x 118
Electricity and solar
View estimated energy costs and solar savings for this home
Sale and tax history for 4481-4483 Sumners Wells Rd
Sale History
Tax History
Date
Event
Price
TENANTTURNER2 #4
Oct 2, 2026
Price Changed
$750
Aug 18, 2026
Listed for Rent
$800
Oct 31, 2025
Rental Removed
$795
Oct 8, 2025
Price Changed
$795
Sep 16, 2025
Listed for Rent
$850
Memphis Area Association of Realtors(R) MLS #10225448
Jul 6, 2026
Listed
$130,000
BUILDIUM #3
Feb 6, 2026
Rental Removed
$700
Nov 12, 2025
Price Changed
$700
Nov 7, 2025
Price Changed
$745
Nov 1, 2025
Listed for Rent
$795
Sep 15, 2025
Rental Removed
$850
Sep 3, 2025
Price Changed
$850
Jul 30, 2025
Listed for Rent
$900
Nov 22, 2023
Rental Removed
$850
Oct 20, 2023
Listed for Rent
$850
Public Records
Oct 16, 2023
Sold
$143,880
Memphis Area Association of Realtors(R) MLS #10153605
Oct 10, 2023
Sold
$143,800
Aug 2, 2023
Listed
$147,500
+2
COMPLETELY RENOVATED DUPLEX - MOVE IN READY! Each Unit features 2 bedrooms and 1 full bath plus they each have an updated kitchen, dining room, and living room. Updated new wood floors throughout both units plus new heat & air systems, new electrical, & fresh paint in each unit. Covered porch.
Public Records
Mar 4, 2020
Sold
$116,700
Memphis Area Association of Realtors(R) MLS #10062594
Nov 19, 2019
Sold
$62,000
Oct 14, 2019
Price Changed
$69,900
Oct 7, 2019
Price Changed
$71,900
Sep 23, 2019
Listed
$72,900
+13
COMPLETELY RENOVATED DUPLEX - MOVE IN READY! Each Unit features 2 bedrooms and 1 full bath plus they each have an updated kitchen, dining room, and living room. Updated new wood floors throughout both units plus new heat & air systems, new electrical, & fresh paint in each unit. Covered porch. Great potential investment property or future home for 2 families.
Memphis Area Association of Realtors(R) MLS #2
Sep 16, 2019
Price Changed
$72,900
Aug 3, 2019
Price Changed
$73,900
Apr 8, 2019
Price Changed
$75,000
Memphis Area Association of Realtors(R) MLS #1
Feb 26, 2019
Price Changed
$77,000
Memphis Area Association of Realtors(R) MLS #10016881
Feb 14, 2018
Sold
$12,000
Jan 11, 2018
Price Changed
$13,900
Dec 7, 2017
Listed
$21,900
Public Records
Aug 16, 2004
Sold
$56,933
Public Records
Jan 30, 1997
Sold
$72,000
Public Records
Jan 30, 1997
Sold
$220,000
Public Records
Sep 16, 1996
Sold
$85,492
Public Records
Aug 13, 1987
Sold
$63,318
Year
Property tax
Land + Additions
Assessment*
2025
$2,969 (+165.2%)
$5,320 + $51,000
$56,320
2024
$1,120 (+8.1%)
$5,320 + $51,000
$56,320
2023
$1,036
$4,240 + $12,760
$17,000
2022
$1,036 (−1.2%)
$4,240 + $12,760
$17,000
2021
$1,048 (−15.3%)
$4,240 + $12,760
$17,000
2020
$1,238 (+124.7%)
$4,240 + $12,760
$17,000
2019
$551
$4,240 + $12,840
$17,080
2018
$551 (−16.5%)
$4,240 + $3,360
$7,600
2017
$659 (+27.0%)
$4,240 + $3,360
$7,600
2016
$519
$4,240 + $11,800
$16,040
2014
$519
$4,240 + $7,640
$11,880
Public record
Public record
Zoning
Permits
Beds
4
Baths
2
Stories
1
Lot width
49 ft.
Lot depth
118 ft.
Lot size
7,480 Sq. Ft.
Year renovated
1999
Finished Sq. Ft.
1,634
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,634
Year built
1974
Style
Multi-Family (2-4 Unit)
County
Shelby County
APN
073110 00013
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 14, 2026.
RU-1
Residential Urban-1 District
Residential development in the RU-1 District allows a variety of housing types including single-family detached (conventional, side yard house, Cottage) and single-family attached (semi-attached, two-family). New RU-1 districts should have a shared street network with and are generally located at least 500 to 1,000 ft from a CMU-1, CMU2, CMU-3, or CBD district or at are least 500 to 1,000 ft from an arterial.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Educational/school
Fire house
Police station
Recreation
Park & open space
Apr 1, 2025 • Final
Residential electrical
Work on a service panel.
Electrical
Feb 3, 2023 • Final
Residential electrical
Perform electrical service and panel work.
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
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
6/10 Heat Factor
7 days above 108° expected this year, 21 days in 30 years
4/10 Wind Factor
17% 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 • 38118
Average low and high temperatures (°F)
48
30
58
38
72
50
78
58
79
63
89
72
92
77
90
72
88
68
78
57
66
49
55
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 23% for direct sun exposure in Memphis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10 hrs
6.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 4481-4483 Sumners Wells Rd
There isn’t enough information to generate an accurate estimate at this time. Learn More