Excellent opportunity to add an income-producing property to your investment portfolio! This tenant-occupied home is currently leased for $1,539 per month, providing immediate rental income for its next owner. With an established tenant already in place, this property offers a great opportunity for investors looking to expand their portfolio with a performing asset. Conveniently located with access to shopping, dining, and major roadways. Don’t miss your chance to add this investment property to your portfolio!
Westside, located between Downtown Memphis and the Mississippi River, is a historic and industrial Memphis neighborhood with riverfront vistas and working-warehouse streetscapes. The neighborhood’s character concentrates around the South Main Street corridor near the National Civil Rights Museum, where galleries, small restaurants, and converted brick buildings set a street-level rhythm. The National Civil Rights Museum at the Lorraine Motel anchors cultural gravity, with the Blues Hall of Fame and the Orpheum Theatre adding marquee nights nearby. Architecture leans toward sturdy brick commercial blocks and adaptive-reuse lofts, framed by rail lines and wide arterials. Tom Lee Park and the riverfront paths shape daily routines with open lawns and long views. The atmosphere reads urban and grounded, with arts venues and civic landmarks defining the map.
Provided by Walk Score and Local Logic
Offer insights
854 Carrolton Ave · $148,000
$148K and above
75% chance or better to win
Why $148K+ is a strong offer
DAYS ON MARKET
41 days
The average home goes pending in 47 days.
SALE-TO-LIST
97.0%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Six total rooms
Single-story layout
Ceilings/floors: see remarks
Living, dining and kitchen areas combined: see remarks
Additional bedroom/bathroom details: see remarks
Bedrooms
Four bedrooms
Bathrooms
Two full bathrooms
Kitchen
No specific appliances listed
Laundry & utility
No laundry or utility details provided
Flooring
Flooring details: see remarks
Heating & cooling
Central heating
Central cooling
Exterior features
No pool
Miscellaneous exterior features: see remarks
Exterior/windows: see remarks
Home design
Detached single-family home
Traditional style
Built in 1952
Parking
Other parking/storage (see remarks)
Security
No security features provided
Construction
Existing property
Utilities
Central heating and cooling (listed under utilities)
HOA & community
No HOA information provided
Financial info
No investor or income/expense details provided
Other
Lot approx. 0.37 acres
Lot described as 100 x 182 and Lot #13
Parcel ID 069048 00030
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10229146
Sep 11, 2026
Price Changed
$148,000
Aug 26, 2026
Listed
$160,000
APPFOLIO #1
Aug 5, 2026
Rental Removed
$1,539
Jul 25, 2026
Listed for Rent
$1,539
Jun 29, 2026
Rental Removed
$1,830
Jun 19, 2026
Listed for Rent
$1,830
Memphis Area Association of Realtors(R) MLS #10200241
May 21, 2026
Sold
$85,000
Apr 2, 2026
Price Changed
$113,000
Jun 30, 2025
Listed
$123,000
REALTRACS as Distributed by MLS Grid #3220691
May 21, 2026
Sold
$85,000
Jun 30, 2025
Listed
$113,000
Buyer Failed financing, price under appraised value. Part of a 39 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Vacant as of 1/31/26.
Memphis Area Association of Realtors(R) MLS #3247775
Jun 8, 2012
Sold
$10,500
May 18, 2012
Listed
$12,500
Public Records
Mar 19, 2001
Sold
$68,000
Public Records
May 5, 1998
Sold
$48,000
Year
Property tax
Land + Additions
Assessment*
2025
$1,225 (+20.6%)
$1,625 + $21,625
$23,250
2024
$1,016 (+8.1%)
$1,625 + $21,625
$23,250
2023
$940
$1,275 + $14,150
$15,425
2022
$940 (−1.2%)
$1,275 + $14,150
$15,425
2021
$951 (+29.3%)
$1,275 + $14,150
$15,425
2020
$735
$1,275 + $14,150
$15,425
2019
$735
$1,275 + $8,875
$10,150
2018
$735 (+76.3%)
$1,275 + $8,875
$10,150
2017
$417 (−21.3%)
$1,275 + $8,875
$10,150
2016
$530
$1,275 + $8,875
$10,150
2014
$530
$1,275 + $10,875
$12,150
Public record
Public record
Zoning
Permits
Beds
4
Baths
2
Stories
1
Lot width
100 ft.
Lot depth
182 ft.
Lot size
0.38 Acres
Year renovated
—
Finished Sq. Ft.
1,715
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,715
Year built
1952
Style
Single Family Residential
County
Shelby County
APN
069048 00030
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 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 electrical
Repair or replace three light fixtures.
Electrical
Oct 7, 2020 • Final
Residential mechanical
Perform an air test and re-vent the water heater and furnace.
HVAC
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
6/10 Heat Factor
7 days above 110° expected this year, 21 days in 30 years
4/10 Wind Factor
16% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38127
Average low and high temperatures (°F)
46
29
56
37
70
50
76
58
78
62
87
71
92
76
90
69
87
66
77
55
65
48
53
38
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 27% for direct sun exposure in Memphis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.3 hrs
7.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 854 Carrolton Ave
$142,863
$5,137 under list price of $148K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $70K to $192K.