$4,513 Closing Credit¹
#10190253, Listing office: BEST Real Estate Company
$21,000 List price
1225 Merchant St Memphis, TN 38108
$249
Closing credit¹
2 beds
1 full
0.1 acres
House
Property details
About 1225 Merchant St
BACK ON MARKET - Seller recently made several updates to make the property structurally sound again. This property still in need of a full cosmetic rehab and could be a great flip opportunity as well as a profitable rental investment. Walking distance to parks as well as close interstate access. Please do all due diligence and inspections before presenting an offer. Seller recently put on a brand new roof. Call Broker Bay for showing appointments and listing agent with any questions.
Highlights
Home typeSingle Family Residence
HeatingOther
StatusActive
CoolingOther
Lot size0.11 Acres
Year built1946
ParkingOther (See REMARKS)
MLS #10168859
WaterfrontOther
Summary
- Full Bathrooms: 1
- Flooring Type: Other (See REMARKS)
- Total Bedroom Count: 2
- Parking: Other (See REMARKS)
- Waterfront: Other
- Exterior: Other (See REMARKS)
- Architectural Style: Traditional
- Heating: Other
- Cooling: Other
- List Price: $21,000
- Annual Tax Amount: $344
- Tax Year: 2024
- Lot: Other
- Directions: From Jackson Ave, head north onto N Evergreen St, take a left onto Marble Ave, a left onto Merchant St, and the home is on the left.
- Year Built: 1946
- Stories: 1
- Lot Size: 0.11 Acres
- MLS Number: 10168859
- Office Name: Weichert, REALTORS-BenchMark
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: 6/15/2025, 12:45:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$21,000
1225 Merchant St
$249
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $5,650 | $344 |
| 2023 | $5,650 | $344 |
| 2022 | $5,650 | $348 |
| 2021 | $5,650 | $348 |
| 2020 | $4,700 | $340 |
| 2019 | $4,700 | $340 |
| 2018 | $4,700 | $193 |
| 2017 | $4,700 | $206 |
History based on county public records data.
Nearby schools
2
Vollentine Elementary School
Public Magnet PK-5
0.5 mi
•1682 Vollintine Ave
4
Kipp Memphis Academy Elementary School
Public Charter PK-4
1.3 mi
•2248 Shannon Ave
3
Memphis Scholars Caldwell-Guthrie (ASD)
Public Charter PK-5
1.4 mi
•951 Chelsea 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 $16,197. Typical income of Memphis, TN residents is less than $<35k annually. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
85%
<35k
14%
35k-100k
1%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
61%
Single, No Kids
27%
Single, with Kids
7%
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
39%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
UFC
NHRA Drag Racing
Pro Wrestling
Where do the neighbors shop?
Family Dollar
Big Lots
Burlington
Where do the neighbors go to eat?
Burger King
Golden Corral
Cicis Pizza
What do the neighbors drive?
Buick
Kia
Pontiac
What do the neighbors listen to?
Urban Contemporary
Adult Standards
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1225 Merchant St
The listing price of 1225 Merchant St property is $21,000.
The property 1225 Merchant St is a house located in Memphis, Tennessee, 38108.
Active Listing: 1225 Merchant St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1225 Merchant St are: Vollentine Elementary School (GreatSchools Rating 2/10), Kipp Memphis Academy Elementary School (GreatSchools Rating 4/10), Memphis Scholars Caldwell-Guthrie (ASD) (GreatSchools Rating 3/10), Kipp Memphis Middle Academy (GreatSchools Rating 3/10), Believe Memphis Academy Charter School (GreatSchools Rating 3/10), Snowden School (GreatSchools Rating 3/10), Kipp Memphis Collegiate High School (GreatSchools Rating 3/10), Crosstown High School (GreatSchools Rating 5/10), Manassas High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2024 is $344 (source: MLS/based on county public records data).
The property at 1225 Merchant St has 2 bedrooms and 1 bathroom.
The year of construction for 1225 Merchant St is 1946.
This home is located at 1225 Merchant St in Memphis, TN and zip code 38108 in the Hollywood / Hyde Park / Springdale neighborhood. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since March 28, 2024 and is currently priced at $21,000.
While more than 70 listings in Memphis, TN in May 2025 were sold above asking price, there were more than 110 listings sold at asking price, and more than 263 were sold below. Between April and May 2025, Memphis, TN real estate market has seen increase in the number of listings 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.