$91,000

232 Vaal Ave Memphis, TN 38109

$1,081
Closing credit¹
Multi-Family

Property details

About 232 Vaal Ave

Great chance for investors to get a nice, cashflowing duplex - $1100/month in rent! Units were rehabbed prior to leasing and should be in great shape! Owner says the roof is within 10 years, maybe newer, slab foundation and brick exterior all check a lot of boxes for investors! The two leases are newer, but both are current as of listing. Each side is rented for $550 and one lease ends 7/31/25, other 9/30/25. No showings until accepted contract, buyer to verify all facts. No seller-financing and no wholesaler/assignable offers.

Highlights

Home typeDuplex
HeatingBaseboard
StatusActive
CoolingWall/Window Unit(s)
BasementYes
Year built1960
ParkingDriveway/Pad
MLS #10185608

Summary

  • MLS Number: 10185608
  • Office Name: Memphis Metro Realty

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, 12:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of bungalow

$91,000

232 Vaal Ave

$1,081

closing credit¹

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Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Aug 12, 2022
Home Sold
$175,000

Tax history

YearAssessmentProperty Tax
2024$13,840$843
2023$13,840$843
2022$13,840$79
2021$2,920$79
2020$3,160$228
2019$3,160$84

History based on county public records data.

Nearby schools

2

Vision Preparatory Charter School

Public Charter KG-5

0.3 mi

260 Joubert Ave

3

Memphis Scholars Florida-Kansas (ASD)

Public Charter PK-5

0.8 mi

90 W Olive Ave

3

A. B. Hill Elementary School

Public District PK-5

1.4 mi

345 E Olive Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $16,014. Residents of Memphis, TN typically earn less than $<35k each year. The majority of families are single, no kids. Residents of this area typically have high school diploma education.

How much money do the neighbors make?

81%
<35k
18%
35k-100k
1%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

58%
Single, No Kids
30%
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?

18%
<11 yrs old
12%
12-17 yrs old
21%
18-34 yrs old
35%
35-64 yrs old
14%
65+ yrs old

What do the neighbors do for fun?

  • NHRA Drag RacingNHRA Drag Racing
  • UFCUFC
  • Pro BoxingPro Boxing

Where do the neighbors shop?

  • Big LotsBig Lots
  • Family DollarFamily Dollar
  • BurlingtonBurlington

Where do the neighbors go to eat?

  • Golden CorralGolden Corral
  • Burger KingBurger King
  • White CastleWhite Castle

What do the neighbors drive?

  • KiaKia
  • BuickBuick
  • ChevroletChevrolet

What do the neighbors listen to?

  • Adult StandardsAdult Standards
  • Urban ContemporaryUrban Contemporary
  • RockRock
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 232 Vaal Ave in Memphis, TN and zip code 38109 in the Riverside neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since November 21, 2024 and is currently priced at $91,000.

Over 57 listings were sold over their listed price in February 2025 in Memphis, TN. In the same period over 205 listings were sold below the listed price and 73 listings were sold for the listed price. Between January and February 2025, Memphis, TN real estate market has seen increase in the number of listings by 13.5%. In February 2025, listings were on the market for 67 days. During the same period, the median list price in this real estate market was $185,000.

From Rocket Homes Real Estate and based on county public records data.

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