Awesome Investment Property. Please do not disturb the tenants. Showings after an accepted offer. No wholesale or assignments. Rent received from the combined monthly rent is well over 1%.
Memphis Area Association of Realtors(R) MLS #10181756
Nov 4, 2024
Sold
$88,000
$47/sq ft
Sep 22, 2024
Listed
$99,000
$53/sq ft
Awesome Investment Property. Please do not disturb the tenants. Showings after an accepted offer. No wholesale or assignments. Rent received from the combined monthly rent is well over 1%.
RENT. #1
Mar 4, 2022
Price Changed
$795
$0/sq ft
Public Records
Mar 7, 1990
Sold
$56,000
$30/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,035 (+12.4%)
$7,400 + $31,200
$38,600
2024
$1,810 (+8.1%)
$7,400 + $31,200
$38,600
2023
$1,674
$5,400 + $22,080
$27,480
2022
$1,674 (−1.2%)
$5,400 + $22,080
$27,480
2021
$1,694 (−6.8%)
$5,400 + $22,080
$27,480
2020
$1,817
$5,400 + $22,080
$27,480
2019
$1,817
$5,400 + $19,680
$25,080
2018
$1,817 (+76.3%)
$5,400 + $19,680
$25,080
2017
$1,031 (−9.5%)
$5,400 + $19,680
$25,080
2016
$1,139
$5,400 + $19,680
$25,080
2014
$1,139
$5,400 + $20,680
$26,080
Tax history for 729 E Raines Rd
Year
Property tax
Land + Additions
Assessment*
2025
$2,035 (+12.4%)
$7,400 + $31,200
$38,600
2024
$1,810 (+8.1%)
$7,400 + $31,200
$38,600
2023
$1,674
$5,400 + $22,080
$27,480
2022
$1,674 (−1.2%)
$5,400 + $22,080
$27,480
2021
$1,694 (−6.8%)
$5,400 + $22,080
$27,480
2020
$1,817
$5,400 + $22,080
$27,480
2019
$1,817
$5,400 + $19,680
$25,080
2018
$1,817 (+76.3%)
$5,400 + $19,680
$25,080
2017
$1,031 (−9.5%)
$5,400 + $19,680
$25,080
2016
$1,139
$5,400 + $19,680
$25,080
2014
$1,139
$5,400 + $20,680
$26,080
*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
Permits
Beds
4
Baths
2
Stories
1
Lot width
90 ft.
Lot depth
175 ft.
Lot size
0.36 Acres
Year renovated
—
Sq. Ft.
1,870
Year built
1951
Style
Multi-Family (2-4 Unit)
County
Shelby County
APN
077037 00005
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 22, 2026.
R-10
Residential Single-Family-10 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. 5 single-family residential districts are established-R-10 which are differentiated primarily on the basis of minimum lot area and setback requirements.; New R-10 districts are generally located at least 1,500 to 2,000 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
Mar 22, 2021 • Final
Residential mechanical
Replace a 2.5-ton natural gas split heating and air conditioning system. Perform a gas air test and repair or replace components as needed.
HVAC
Feb 9, 2021 • Final
Residential electrical
Replace the electrical 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.
Property details
Parking
Parking Information
Parking Total: 0
Interior
Heating & Cooling
Has Heating
Heating Information: Central
Has Cooling
Cooling Information: Central Air
Interior Features
Flooring: Tile
Unit Type 1 Information
Unit Type: 2 Bedroom
# of Bathrooms: 1
# of Bedrooms: 2
Unit Type 2 Information
Unit Type: 2 Bedroom
# of Bathrooms: 1
# of Bedrooms: 2
Exterior
Property Information
Property Type: Residential Income
Attached Property
Above Grade Finished Area Units: Square Feet
Above Grade Finished Area Source: Assessor
Below Grade Finished Area Units: Square Feet
Below Grade Finished Area Source: Assessor
Lot Information
Lot Size Units: Acres
Lot Size Dimensions: 90X175
Financial
Tax Information
Tax Annual Amount: $1,674
Lease / Rent Details
Tenant Pays: Electricity, Water, Gas
Location
Location Information
Directions: South on Elvis Presley from I55 then Right on Raines
Public facts
Beds: 4
Baths: 2.0
Sq. Ft.: 1,870
Stories: 1.0
Lot Size: 0.36 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1951
Year Renovated: —
County: Shelby County
APN: 077037 00005
Home facts updated by county records on Oct 22, 2026
Other
Home Information
Living Area: 1870
Living Area Units: Square Feet
Living Area Source: Assessor
Building Area Total: 1870
Building Area Units: Square Feet
Building Area Source: Assessor
Structure Type: Duplex
Levels: Three Or More
Around this home
Schools
K - 12
Preschool & daycare
Westhaven Elementary School
Public PreK-5 • Assigned • 1.0mi
6/10
A. Maceo Walker Middle School
Public 6-8 • Assigned • 2.2mi
6/10
Whitehaven High School
Public 9-12 • Assigned • 1.6mi
5/10
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, 19 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 • 38116
Average low and high temperatures (°F)
47
30
57
38
71
50
77
58
79
63
88
72
92
76
89
72
88
68
75
58
65
49
54
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.6 hours in
June and 4.8 hours in December, placing it above the
U.S. average for solar exposure.
10.6 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$121,000 – $147,000
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