1640 Portland Ave, Memphis, TN, 38127

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1640 Portland Ave, Memphis$114,900

Buyer Closing Credits

$1,364^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

ParkingOther (See REMARKS)

Year Built1954

HeatingOther

CoolingOther

WaterfrontOther

MLS #10183976

Lot Size0.30 Acres

StatusActive

About 1640 Portland Ave

Fantastic investment opportunity in the Shelby area. This 3br/4.1 bath single-family home is in the 38127 area. Cash flowing with a monthly rental amount of $1,150/month. The lease ends on 11/30/2025. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

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Property Details

Property Features

Property Information:

• Architectural Style: Other (See Remarks)
• Year Built: 1954
• Stories: 1

Listing Office:

• Office Name: CrestCore Realty MphsBrokerage

Interior Features

Interior Information:

• Flooring Type: Other (See REMARKS)

Bedroom and Bathroom Information:

• Partial Bathrooms: 1
• Full Bathrooms: 4
• Total Bedroom Count: 3

Exterior Features

Exterior Information:

• Waterfront: Other
• Exterior: Other (See REMARKS)

Parking Information:

• Parking: Other (See REMARKS)

Lot Features

Lot Information:

• Lot: Other
• Lot Size: 0.30 Acres

Utilities

Utilities Information:

• Heating: Other
• Cooling: Other

Other

Directions Information:

• Directions: Head southwest on N Watkins St toward Signal St, then turn right onto Signal St. Take a left onto Portland Ave, the destination will be on the right.

Price Information

Listing Price Info

Price Summary:

• List Price: $114,900

Tax Information:

• Annual Amount: $1,015
• Tax Year: 2021

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Housing Market Comparison

See how this home compares to others in Memphis, TN.

Memphis, TN

City

Med. Sold Price

$183K

# of Sold Homes

362

1640 Portland Ave vs Memphis

53 DAYS ON ROCKET

$114,900

-$68.1K Less

KEY TAKEAWAY

This property is $68.1K less than the Median Sold Price in Memphis, TN.

Based on homes sold in November 2024

MLS Details

MLS Information:

• MLS Number: #10183976

Listing Office:

• Office Name: CrestCore Realty MphsBrokerage

Copyright© 2024 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 8:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Property Sales & Tax

Listing History

DATE	EVENT	PRICE
Dec 31, 2019	Dec 31, 2019Home Sold	$46,000
Feb 15, 2012	Feb 15, 2012Home Sold	$36,000

Tax History

YEAR	PROP. TAX	ASSESSMENT
2021	$1,015	$14,025
2020	$661	$9,125
2019	$661	$9,125
2018	$375	$9,125
2017	$405	$9,125

History based on county public records data.

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**Disclosures

Rocket Homes›Tennessee›Shelby County›Memphis›38127›1640 Portland Ave

This home is located at 1640 Portland Ave in Memphis, TN and zip code 38127 in the Frayser neighborhood. This home, which was built in 1954, sits on a 0.30 acre lot. Features: 3 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since October 25, 2024 and is currently priced at $114,900.

Over 45 listings were sold over their listed price in November 2024 in Memphis, TN. In the same period over 218 listings were sold below the listed price and 98 listings were sold for the listed price. The inventory of homes for sale in Memphis, TN between October 2024 and November 2024 increased by 6.8%.

From Rocket Homes Real Estate and based on county public records data.