22 days on rocket

374 N Dunlap St, Memphis, TN, 38105

$535,000

Home List Price

$6,353*

Closing Credit

0 Baths
Multi

Location

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374 N Dunlap St, Memphis$535,000

Buyer Closing Credits

$6,353*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingGravel, Offsite/Street
Year Built1959
HeatingElectric, Other
CoolingElectric, Other
BasementYes
MLS #10184186
StatusActive

About 374 N Dunlap St

Located in a strong rental neighborhood, this value-add investment is strategically positioned for a new buyer. The opportunity provides a new investor with the ability to achieve significant upside from a well-located asset. The property is located just 1 block from the Medical District and 1 mile from the Crosstown Concourse. Nicely manicured with an open, U shaped layout, the property feels large and welcoming. All units feature 1 bedroom and 1 bathroom. The current owner has fully renovated 6 of the 10 units along with other capital improvements, including window, plumbing, and electrical updates, as well as a new roof in 2022. A few upgrades and some well-placed capital improvements by a new investor can significantly drive both rents and long-term value.

Property Details

Property Features

Property Information:

  • Year Built: 1959
  • Stories: 1

Listing Office:

  • Office Name: Prime Real Estate Group

Interior Features

Interior Information:

  • Appliances: Refrigerator, Range, Oven
  • Basement: Yes
  • Flooring Type: Tile, Wood Laminate Floors

Exterior Features

Parking Information:

  • Parking: Gravel, Offsite/Street

Utilities

Utilities Information:

  • Heating: Electric, Other
  • Cooling: Electric, Other

Other

Directions Information:

  • Directions: From Midtown, go West on Poplar, turn North on Dunlap. Property is on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $535,000

Tax Information:

  • Annual Amount: $1,943
  • Tax Year: 2021
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Housing Market Comparison

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

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Memphis, TN

City

Med. Sold Price

$190.4K

# of Sold Homes

409

374 N Dunlap St vs Memphis

22 DAYS ON ROCKET

$535,000

+$344.5K More

KEY TAKEAWAY

This property is $344.5K more than the Median Sold Price in Memphis, TN.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #10184186

Listing Office:

  • Office Name: Prime Real Estate Group

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: 11/21/2024, 8:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 10, 2014Home Sold
$50,000
Feb 25, 2013Home Sold
$55,000
Mar 16, 2011Home Sold
$36,630
Jan 19, 2006Home Sold
$80,000
May 28, 2003Home Sold
$70,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,943$26,840
2020$1,823$25,160
2019$1,823$25,160
2018$1,034$25,160
2017$1,045$25,160

History based on county public records data.

Payment Calculator

$2,738

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,670

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-225784
3
/10

  • Downtown Elementary School

  • 10 N 4th St

  • 1.00 miles

  • Public Magnet Grades PK-5

school-card-donut-225785
3
/10

  • Kipp Memphis Collegiate Elementary School

  • 230 Henry Ave

  • 1.19 miles

  • Public Charter Grades KG-4

school-card-donut-225786
3
/10

  • Memphis Scholars Caldwell-Guthrie (ASD)

  • 951 Chelsea Ave

  • 1.20 miles

  • Public Charter Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $17,297. The majority of Memphis, TN residents have income less than $35k annually. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Living In Memphis, TN

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Memphis, TN?

Memphis offers a diverse array of housing options, with single-family homes being a significant part of the market. Architectural styles range from charming historic bungalows to sleek contemporary new builds. The housing landscape is varied, with a mix of older homes that reflect the city's rich history and newer developments that cater to modern living preferences. While the homeownership rate is robust, there is also a healthy rental market that provides options for those not looking to buy.

Is Memphis, TN a good place to live?

Memphis is celebrated for its vibrant music scene and rich cultural heritage, which are integral to the city's character. The community prides itself on being the home of blues, soul, and rock 'n' roll, with landmarks such as Beale Street and the annual Memphis in May festival highlighting its musical legacy. The city's character is further defined by its friendly residents and a sense of small-town camaraderie amidst its urban setting.

Are things conveniently located in Memphis, TN?

The community benefits from a well-rounded selection of services, including a network of public and private schools that cater to educational needs at all levels. Healthcare facilities are distributed throughout the city, offering a range of services from routine care to specialized treatments. Public libraries serve as valuable resources for residents, and the city's retail and dining establishments reflect the local culture, with an emphasis on Southern cuisine and unique boutiques.

What does the transportation in Memphis, TN look like?

Memphis features a comprehensive transport infrastructure that includes a public transit system serving residents and visitors alike. The city's layout and road network facilitate easy commuting by car, with major highways connecting Memphis to surrounding areas. While certain neighborhoods are known for their walkability, the city as a whole is continuously working to improve pedestrian and bike paths to enhance accessibility and encourage eco-friendly modes of transport.

Rocket Homes›Tennessee›Shelby County›Memphis›38105›374 N Dunlap St

This home is located at 374 N Dunlap St in Memphis, TN and zip code 38105. This home was built in 1959. It has been listed on Rocket Homes since October 30, 2024 and is currently priced at $535,000.

In October 2024 more than 53 listings in Memphis, TN were sold above the asking price. During the same period more than 103 listings were sold at asking price, while more than 252 were sold below. In October 2024 in Memphis, TN there were 22.4% more homes for sale than in September 2024.

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

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