#10194351, Listing office: Miller Martin Realty
Property details
About 157 Cedar Ave
Great investment opportunity in Memphis! 157 Cedar Ave is a solid 3-bedroom, 2-bath home that is currently being used as a short-term rental. The property sits on a quiet street and offers a functional layout, a spacious lot, and strong rental potential. All furniture can be included at no additional cost if the buyer chooses to keep it, making this a flexible and turnkey investment option. Whether you're looking to expand your portfolio or begin your real estate investing journey, this home is a smart buy. Don’t miss your chance to unlock the value in this affordable, income-generating property. This could be your next big opportunity—or your new home!
Highlights
Home typeSingle Family Residence
HeatingCentral, Natural Gas
StatusActive
CoolingCentral Air
Year built2004
ParkingOther (See REMARKS)
MLS #10202184
WaterfrontOther
Summary
- Full Bathrooms: 2
- Flooring Type: Other (See REMARKS)
- Total Bedroom Count: 3
- Parking: Other (See REMARKS)
- Waterfront: Other
- Exterior: Other (See REMARKS)
- Architectural Style: Other (See Remarks), Traditional
- Heating: Central, Natural Gas
- Cooling: Central Air
- List Price: $130,000
- Annual Tax Amount: $761
- Tax Year: 2024
- Lot: Level, Other
- Directions: Turn to Cedar Ave house is on left
- Year Built: 2004
- Stories: 1
- MLS Number: 10202184
- 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: 7/28/2025, 8:45:28 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 |
|---|---|---|
| Aug 05, 2022 | Home Sold | $115,000 |
| May 22, 2017 | Home Sold | $35,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $12,500 | $761 |
| 2023 | $12,500 | $761 |
| 2022 | $12,500 | $770 |
| 2021 | $12,500 | $770 |
| 2020 | $9,875 | $715 |
| 2019 | $9,875 | $715 |
| 2018 | $9,875 | $405 |
| 2017 | $9,875 | $440 |
History based on county public records data.
Nearby schools
3
Kipp Memphis Collegiate Elementary School
Public Charter KG-4
0.3 mi
•230 Henry Ave
3
Memphis Scholars Caldwell-Guthrie (ASD)
Public Charter PK-5
1.0 mi
•951 Chelsea Ave
3
Downtown Elementary School
Public Magnet PK-5
1.8 mi
•10 N 4th St
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 $33,676. Most Memphis, TN residents have annual incomes less than $<35k. The majority of families are 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?
51%
<35k
47%
35k-100k
2%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
48%
Single, No Kids
37%
Single, with Kids
6%
Married, No Kids
9%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
25%
<11 yrs old
10%
12-17 yrs old
25%
18-34 yrs old
32%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
UFC
NHRA Drag Racing
Figure Skating
Where do the neighbors shop?
Family Dollar
Big Lots
Burlington
Where do the neighbors go to eat?
Burger King
Golden Corral
Church's Chicken
What do the neighbors drive?
Buick
Kia
Cadillac
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 157 Cedar Ave
The listing price of 157 Cedar Ave property is $130,000.
The property 157 Cedar Ave is a house located in Memphis, Tennessee, 38107.
Active Listing: 157 Cedar Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 157 Cedar Ave are: Kipp Memphis Collegiate Elementary School (GreatSchools Rating 3/10), Memphis Scholars Caldwell-Guthrie (ASD) (GreatSchools Rating 3/10), Downtown Elementary School (GreatSchools Rating 3/10), Kipp Memphis Collegiate Middle School (GreatSchools Rating 5/10), Humes Preparatory Academy (ASD) (GreatSchools Rating 4/10), Believe Memphis Academy Charter School (GreatSchools Rating 3/10), Manassas High School (GreatSchools Rating 2/10), Crosstown High School (GreatSchools Rating 5/10), Northwest Preparatory Academy (GreatSchools Rating 1/10).
According to the records, the last property tax for 2024 is $761 (source: MLS/based on county public records data).
The last sale was on August 5, 2022 for $115,000 (source: MLS/tax record).
The property at 157 Cedar Ave has 3 bedrooms and 2 bathrooms.
The year of construction for 157 Cedar Ave is 2004.
This home is located at 157 Cedar Ave in Memphis, TN and zip code 38107 in the Downtown neighborhood. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 27, 2025 and is currently priced at $130,000.
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. In June 2025 in Memphis, TN there were 11.9% more homes for sale than in May. 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.