$534 Closing Credit¹
#10189830, Listing office: MLE Realty, LLC
$40,000 List price
1041 Palmetto Ave Memphis, TN 38107
$475
Closing credit¹
4 beds
1 full
0.1 acres
House
Property details
About 1041 Palmetto Ave
INVESTOR SPECIAL! This 4 bed, 1 bath home is a great opportunity for a buyer looking for a project. Can be a good flip, but it also has solid rental potential. Located just minutes from Crosstown Concourse, the Medical District, and downtown Memphis, the location is ideal for future tenants or resale value. The home needs work but offers a great layout. Being sold as-is. Bring your vision and your toolbelt—this could be your next flip or cash-flowing rental!
Highlights
Home typeSingle Family Residence
HeatingOther
StatusActive
CoolingOther
Lot size0.11 Acres
Year built1972
ParkingOther (See REMARKS)
MLS #10199225
WaterfrontOther
Summary
- Full Bathrooms: 1
- Flooring Type: Other (See REMARKS)
- Total Bedroom Count: 4
- Parking: Other (See REMARKS)
- Waterfront: Other
- Exterior: Other (See REMARKS)
- Architectural Style: Other (See Remarks)
- Heating: Other
- Cooling: Other
- List Price: $40,000
- Annual Tax Amount: $335
- Tax Year: 2024
- Lot: Other
- Directions: Jackson Avenue turn North on Breedlove turn left on Palmetto
- Year Built: 1972
- Stories: 1
- Lot Size: 0.11 Acres
- MLS Number: 10199225
- Office Name: KAIZEN Realty, LLC
Copyright© 2025 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: 6/25/2025, 4:45:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$40,000
1041 Palmetto Ave
$475
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 22, 2003 | Home Sold | $10,400 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $5,500 | $335 |
| 2023 | $5,500 | $335 |
| 2022 | $5,500 | $338 |
| 2021 | $5,500 | $338 |
| 2020 | $4,925 | $356 |
| 2019 | $4,925 | $356 |
| 2018 | $4,925 | $202 |
| 2017 | $4,925 | $294 |
History based on county public records data.
Nearby schools
3
Memphis Scholars Caldwell-Guthrie (ASD)
Public Charter PK-5
0.5 mi
•951 Chelsea Ave
3
Kipp Memphis Collegiate Elementary School
Public Charter KG-4
1.0 mi
•230 Henry Ave
2
Vollentine Elementary School
Public Magnet PK-5
1.3 mi
•1682 Vollintine Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $11,835. The most common annual income of people living in Memphis, TN is less than $<35k. The majority of families are single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
82%
<35k
15%
35k-100k
2%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
55%
Single, No Kids
27%
Single, with Kids
11%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
12%
12-17 yrs old
19%
18-34 yrs old
40%
35-64 yrs old
14%
65+ yrs old
What do the neighbors do for fun?
NHRA Drag Racing
Pro Boxing
Mexican League Soccer
Where do the neighbors shop?
Big Lots
Family Dollar
Burlington
Where do the neighbors go to eat?
Golden Corral
White Castle
Church's Chicken
What do the neighbors drive?
Kia
Chevrolet
Buick
What do the neighbors listen to?
Adult Standards
Rock
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1041 Palmetto Ave
The listing price of 1041 Palmetto Ave property is $40,000.
The property 1041 Palmetto Ave is a house located in Memphis, Tennessee, 38107.
Active Listing: 1041 Palmetto Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1041 Palmetto Ave are: Memphis Scholars Caldwell-Guthrie (ASD) (GreatSchools Rating 3/10), Kipp Memphis Collegiate Elementary School (GreatSchools Rating 3/10), Vollentine Elementary School (GreatSchools Rating 2/10), Believe Memphis Academy Charter School (GreatSchools Rating 3/10), Humes Preparatory Academy (ASD) (GreatSchools Rating 4/10), Kipp Memphis Collegiate Middle School (GreatSchools Rating 5/10), Crosstown High School (GreatSchools Rating 5/10), Manassas High School (GreatSchools Rating 2/10), Northwest Preparatory Academy (GreatSchools Rating 1/10).
According to the records, the last property tax for 2024 is $335 (source: MLS/based on county public records data).
The last sale was on May 22, 2003 for $10,400 (source: MLS/tax record).
The property at 1041 Palmetto Ave has 4 bedrooms and 1 bathroom.
The year of construction for 1041 Palmetto Ave is 1972.
This home is located at 1041 Palmetto Ave in Memphis, TN and zip code 38107 in the Klondyke neighborhood. Features: 4 bedrooms, 1 bathroom. It has been listed on Rocket Homes since June 18, 2025 and is currently priced at $40,000.
Over 70 listings were sold over their listed price in May 2025 in Memphis, TN. In the same period over 263 listings were sold below the listed price and 110 listings were sold for the listed price. The inventory of homes for sale in Memphis, TN between April and May 2025 increased by 11.3%. While the average time on the market in May 2025 was 10 days, the median list price was $220,000.
From Rocket Homes Real Estate and based on county public records data.