$998 Closing Credit¹
#10190213, Listing Office: CB Properties of Memphis, LLC
$89,900 List price
140 E Shelby Dr Memphis, TN 38109
$1,068
Closing credit¹
3 beds
1 full
0.3 acres
House
Property details
About 140 E Shelby Dr
Great Investment Property! Being sold AS-IS! No wholesalers! ARV is $145K. Market rents are $1,050 - $1,300. Minimal Rehab of $12,050 needed to make it turnkey. SOW from preferred general contractor available! The seller is looking for offers with no inspection contingencies since the property is vacant and can be viewed anytime. VIDEO AVAILABLE UPON REQUEST!
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air
Lot size0.34 Acres
Year built1961
ParkingDriveway/Pad, Carport
MLS #10192130
Virtual tour
Summary
- Full Bathrooms: 1
- Flooring Type: Hardwood Throughout, Tile
- Interior: Pull Down Attic Stairs, Attic Access
- Total Bedroom Count: 3
- Parking: Driveway/Pad, Carport
- Exterior: Dog Run, Storage Building, Porch, Sidewalks
- Architectural Style: Traditional
- Heating: Central
- Cooling: Central Air
- List Price: $89,900
- Annual Tax Amount: $941
- Tax Year: 2024
- Lot: Level
- Directions: To reach 140 E Shelby Dr, Memphis, TN 38109 from I-55 South. Take Exit 2B for East Shelby Drive.? Turn left onto East Shelby Drive.? Continue for approximately 0.5 miles; the destination will be on your left.
- Year Built: 1961
- Stories: 1
- Lot Size: 0.34 Acres
- MLS Number: 10192130
- Office Name: eXp 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: 5/1/2025, 6:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$89,900
140 E Shelby Dr
$1,068
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 19, 2023 | Home Sold | $99,950 |
| Feb 10, 2022 | Home Sold | $50,000 |
| Apr 30, 2014 | Home Sold | $15,000 |
| Mar 26, 2008 | Home Sold | $23,000 |
| Oct 10, 2007 | Home Sold | $56,000 |
| Mar 18, 2002 | Home Sold | $62,000 |
| Jul 30, 2001 | Home Sold | $32,611 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $15,450 | $941 |
| 2023 | $15,450 | $941 |
| 2022 | $15,450 | $952 |
| 2021 | $15,450 | $952 |
| 2020 | $12,325 | $893 |
| 2019 | $12,325 | $893 |
| 2018 | $12,325 | $506 |
| 2017 | $12,325 | $521 |
History based on county public records data.
Nearby schools
3
Geeter School
Public District PK-5
0.5 mi
•4649 Horn Lake Rd
3
Westhaven Elementary School
Public District PK-5
0.6 mi
•4585 Hodge Rd
2
Levi Elementary School
Public District PK-5
1.6 mi
•135 W Levi Rd
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 $42,353. Residents of Memphis, TN typically earn between $35k-100k each year. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
42%
<35k
44%
35k-100k
14%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
49%
Single, No Kids
19%
Single, with Kids
23%
Married, No Kids
9%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
8%
12-17 yrs old
18%
18-34 yrs old
42%
35-64 yrs old
18%
65+ yrs old
What do the neighbors do for fun?
Horse Races
NHRA Drag Racing
Mexican League Soccer
Where do the neighbors shop?
Stein Mart
Big Lots
Burlington
Where do the neighbors go to eat?
LongHorn Steakhouse
Golden Corral
Church's Chicken
What do the neighbors drive?
Buick
Kia
Chevrolet
What do the neighbors listen to?
Contemporary Inspirational
Adult Standards
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Memphis, TN
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.
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.
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.
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.
About 140 E Shelby Dr
The listing price of 140 E Shelby Dr property is $89,900.
The property 140 E Shelby Dr is a house located in Memphis, Tennessee, 38109.
Active Listing: 140 E Shelby Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 140 E Shelby Dr are: Geeter School (GreatSchools Rating 3/10), Westhaven Elementary School (GreatSchools Rating 3/10), Levi Elementary School (GreatSchools Rating 2/10), Freedom Preparatory Academy Whitehaven Middle at Brownlee Ca (GreatSchools Rating 4/10), J. P. Freeman Elementary/Middle (GreatSchools Rating 8/10), Chickasaw Middle School (GreatSchools Rating 2/10), Fairley High School (ASD) (GreatSchools Rating 2/10), Freedom Preparatory Academy Flagship (GreatSchools Rating 4/10), Westwood High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $941 (source: MLS/based on county public records data).
The last sale was on June 19, 2023 for $99,950 (source: MLS/tax record).
The property at 140 E Shelby Dr has 3 bedrooms and 1 bathroom.
The year of construction for 140 E Shelby Dr is 1961.
This home is located at 140 E Shelby Dr in Memphis, TN and zip code 38109. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since March 17, 2025 and is currently priced at $89,900.
In March 2025 more than 46 listings in Memphis, TN were sold above the asking price. During the same period more than 105 listings were sold at asking price, while more than 216 were sold below. The number of homes for sale in Memphis, TN increased by 14.8% between February and March 2025.
From Rocket Homes Real Estate and based on county public records data.