#10188031, Listing office: The Bailey Company Realty, Inc
Property details
About 115 E Dempster Ave
4-bedroom, 1-bath investment property priced at just $49,500. With an estimated $27,000 in repairs, this home is ideal for investors seeking a solid value-add project with strong cash flow potential. Key Highlights: Located in Memphis’ 38109 ZIP — a high-demand rental area minutes from Downtown, Surrounded by active investor activity and long-term community growth, Section 8 rental comps in the area average $1,400/month, with consistent demand for 4-bedroom units. This property offers a chance to build equity and generate reliable rental income in a growing submarket. Perfect for a buy-and-hold investor or someone looking to build a small rental portfolio. Being sold as-is.
Highlights
Home typeSingle Family Residence
HeatingOther
StatusActive
CoolingOther
Lot size0.17 Acres
Year built1936
ParkingDriveway/Pad
MLS #10198883
Summary
- Full Bathrooms: 1
- Flooring Type: Part Carpet, Vinyl/Luxury Vinyl Floor
- Total Bedroom Count: 4
- Parking: Driveway/Pad
- Exterior: Porch, Patio
- Architectural Style: Traditional
- Heating: Other
- Cooling: Other
- List Price: $49,500
- Annual Tax Amount: $304
- Tax Year: 2024
- Lot: Level
- Directions: West on Mallory Ave~Left on Florida~Right on Dempster
- Year Built: 1936
- Stories: 1
- Lot Size: 0.17 Acres
- MLS Number: 10198883
- Office Name: Real Estate Agency
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/5/2025, 3:45:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 04, 2021 | Home Sold | $65,000 |
| Dec 06, 2002 | Home Sold | $45,600 |
| Nov 13, 2001 | Home Sold | $14,900 |
| Sep 20, 1999 | Home Sold | $53,000 |
| Dec 31, 1998 | Home Sold | $12,000 |
| Aug 27, 1998 | Home Sold | $42,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $5,000 | $304 |
| 2023 | $5,000 | $304 |
| 2022 | $5,000 | $308 |
| 2021 | $5,000 | $308 |
| 2020 | $4,325 | $313 |
| 2019 | $4,325 | $118 |
History based on county public records data.
Nearby schools
2
Vision Preparatory Charter School
Public Charter KG-5
1.0 mi
•260 Joubert Ave
3
Alton Elementary School
Public District PK-5
1.0 mi
•2020 Alton Ave
3
Memphis Scholars Florida-Kansas (ASD)
Public Charter PK-5
1.8 mi
•90 W Olive 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 $19,010. Most Memphis, TN residents have annual incomes less than $<35k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
How much money do the neighbors make?
76%
<35k
19%
35k-100k
0%
100k-200k
5%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Doctorate
What types of families live nearby?
52%
Single, No Kids
33%
Single, with Kids
10%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
10%
12-17 yrs old
22%
18-34 yrs old
36%
35-64 yrs old
16%
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 115 E Dempster Ave
The listing price of 115 E Dempster Ave property is $49,500.
The property 115 E Dempster Ave is a house located in Memphis, Tennessee, 38109.
Active Listing: 115 E Dempster Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 115 E Dempster Ave are: Vision Preparatory Charter School (GreatSchools Rating 2/10), Alton Elementary School (GreatSchools Rating 3/10), Memphis Scholars Florida-Kansas (ASD) (GreatSchools Rating 3/10), Riverview School (GreatSchools Rating 3/10), Ida B. Wells Academy Elementary School/Middle School (GreatSchools Rating 2/10), Veritas College Preparatory (GreatSchools Rating 4/10), Carver College and Career Academy (GreatSchools Rating 1/10), Mitchell High School (GreatSchools Rating 2/10), Hamilton High School (GreatSchools Rating 1/10).
According to the records, the last property tax for 2024 is $304 (source: MLS/based on county public records data).
The last sale was on March 4, 2021 for $65,000 (source: MLS/tax record).
The property at 115 E Dempster Ave has 4 bedrooms and 1 bathroom.
The year of construction for 115 E Dempster Ave is 1936.
This home is located at 115 E Dempster Ave in Memphis, TN and zip code 38109 in the Mallory Heights neighborhood. Features: 4 bedrooms, 1 bathroom. It has been listed on Rocket Homes since June 12, 2025 and is currently priced at $49,500.
While more than 73 listings in Memphis, TN in June 2025 were sold above asking price, there were more than 107 listings sold at asking price, and more than 219 were sold below. Between May and June 2025, Memphis, TN real estate market has seen increase in the number of listings by 11.9%. While the average time on the market in June 2025 was 35 days, the median list price was $224,900.
From Rocket Homes Real Estate and based on county public records data.