HOUSE HACK OPPORTUNITY in sought-after High Point Terrace neighborhood!! ATTENTION INVESTORS! This tenant-occupied rental offers an opportunity to add another income-producing property to your portfolio. This 8-bedroom, 4-bath multi-family home is currently generating $2,200/ month in rental income in one unit, with the current lease running through 12/31/2026. 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
High Point Terrace, located between Summer Avenue and Walnut Grove Road, is a residential and park-adjacent Memphis neighborhood with mid-century ranch homes and leafy, curving streets. The neighborhood’s character concentrates around the Summer Avenue corridor near the High Point Terrace shopping strip, where low-slung storefronts, patios, and local counters set a casual, lived-in rhythm. The Half Shell anchors the area with a long-running seafood-and-oyster bar scene. High Point Pizza adds a neighborhood pizzeria staple, and the nearby Dixon Gallery & Gardens brings a quiet cultural counterpoint. Architecture leans brick, carports, and generous lots, with sidewalks that connect to green space. The landscape reads as gently rolling and tree-canopied, with daily life oriented toward parks and small local hangouts.
Provided by Walk Score and Local Logic
Market insights
484-486 High Point Ter · $599,000
SALE-TO-LIST
92.6%
Most homes are selling 7% below list price.
LIST PRICE
$599,000
Median list price in this area is $151,145. (75% lower than this home)
PRICE DROP
0 price drops
19% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Interior features
One-and-a-half story layout
Separate living room and separate dining room
Dining area
Bedrooms
4 bedrooms
Bathrooms
2 full bathrooms
Kitchen
Refrigerator
Dishwasher
Microwave
Flooring
Part carpet
Vinyl flooring
Heating & cooling
Central heating
Central cooling
Hot water: other (see remarks)
Exterior features
Porch
Patio
Brick veneer exterior
Level lot
Home design
Built as a duplex
Traditional style
Year built 1998
Parking
Driveway/pad
Front-load garage
2 covered parking spaces
Construction
Brick veneer construction
Built in 1998
Utilities
Central heating and cooling
Hot water: other (see remarks)
Financial info
Type of leases: Other (call listing agent)
New financing: Other (see remarks)
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10225137
Aug 13, 2026
Price Changed
$599,000
Jun 30, 2026
Listed
$625,000
BUILDIUM #1
Jun 28, 2026
Rental Removed
$1,950
Jun 21, 2026
Price Changed
$1,950
May 6, 2026
Listed for Rent
$2,200
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
65 ft.
Lot depth
100 ft.
Lot size
—
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Multi-Family (5+ Unit)
County
Shelby County
APN
—
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on May 6, 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
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
18% 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 • 38122
Average low and high temperatures (°F)
47
30
57
38
71
50
78
58
79
63
89
72
93
77
90
71
88
68
77
57
65
49
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
92/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 25% for direct sun exposure in Memphis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
6.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 484-486 High Point Ter
There isn’t enough information to generate an accurate estimate at this time. Learn More