$2,019 Closing Credit¹
#10190299, Listing Office: Crye-Leike, Inc., REALTORS
$199,750 List price
1320 Faxon Ave Memphis, TN 38104
$2,372
Closing credit¹
Multi-Family
Property details
About 1320 Faxon Ave
Amazing opportunity to buy this wonderful duplex steps away from Crosstown Concourse in Midtown. This duplex is being marketed to investors & owner occupant buyers who want to live inside one unit & collect rent on the other side (House Hack). Each unit is 2 bedrooms 1 bath & Unit 1 is currently rented at $945 per month and Unit 2 is vacant and being marketed for rent. You can live in one of the units or do short term rentals for it and have long term sustained rent on the other unit. This is a wonderful long term area and is seeing a lot of growth & activity. ONLINE VIDEO AVAILABLE UPON REQUEST. Could be a great primary residence, AirBnb, or long term rental. FHA/VA/ Conventional offers welcome!
Highlights
Home typeDuplex
HeatingWall Furnace
StatusActive
CoolingWall/Window Unit(s)
BasementYes
Year built1920
ParkingDriveway/Pad
MLS #10176486
Summary
- MLS Number: 10176486
- Office Name: Crye-Leike, Inc., REALTORS
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: 3/6/2025, 1:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$199,750
1320 Faxon Ave
$2,372
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 25, 2021 | Home Sold | $120,000 |
| Mar 22, 2021 | Home Sold | $90,000 |
| Jan 08, 2021 | Home Sold | $85,000 |
| Jan 08, 2021 | Home Sold | $85,000 |
| Oct 31, 2014 | Home Sold | $51,500 |
| Jul 09, 2014 | Home Sold | $51,500 |
| Jun 09, 2014 | Home Sold | $51,500 |
| Feb 10, 2014 | Home Sold | $18,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $20,640 | $1,257 |
| 2023 | $20,640 | $1,257 |
| 2022 | $20,640 | $559 |
| 2021 | $20,640 | $559 |
| 2020 | $25,360 | $1,837 |
| 2019 | $25,360 | $2,283 |
| 2018 | $31,520 | $1,295 |
| 2017 | $31,520 | $1,214 |
History based on county public records data.
Nearby schools
2
Vollentine Elementary School
Public Magnet PK-5
1.0 mi
•1682 Vollintine Ave
3
Memphis Scholars Caldwell-Guthrie (ASD)
Public Charter PK-5
1.0 mi
•951 Chelsea Ave
3
Kipp Memphis Collegiate Elementary School
Public Charter KG-4
1.6 mi
•230 Henry 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 $34,688. The majority of Memphis, TN residents have income less than $<35k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
50%
<35k
48%
35k-100k
1%
100k-200k
1%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
55%
Single, No Kids
19%
Single, with Kids
17%
Married, No Kids
9%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
8%
12-17 yrs old
22%
18-34 yrs old
44%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
NHRA Drag Racing
Horse Races
Where do the neighbors shop?
Family Dollar
Big Lots
Stein Mart
Where do the neighbors go to eat?
White Castle
Golden Corral
LongHorn Steakhouse
What do the neighbors drive?
Chevrolet
Kia
Buick
What do the neighbors listen to?
Rock
Adult Standards
Contemporary Inspirational
All data provided by Home Junction and Claritas
Similar homes for sale
$4,976 Closing Credit¹
#10190584, Listing Office: Keystone Realty, LLC
$10,000 Closing Credit¹
#10170194, Listing Office: Revid Property Management, LLC
This home is located at 1320 Faxon Ave in Memphis, TN and zip code 38104 in the Medical District neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since July 9, 2024 and is currently priced at $199,750.
While more than 57 listings in Memphis, TN in February 2025 were sold above asking price, there were more than 73 listings sold at asking price, and more than 205 were sold below. The number of homes for sale in Memphis, TN increased by 13.5% between January and February 2025. The median list price of listings available in February 2025 was $185,000, while the average time on the real estate market was 67 days.
From Rocket Homes Real Estate and based on county public records data.