$4,156 Closing Credit¹
#10194823, Listing Office: Sowell, Realtors
$405,000 List price
2385 Forrest Ave Memphis, TN 38112
$4,809
Closing credit¹
Multi-Family
Property details
About 2385 Forrest Ave
Great investment opportunity across from Overton Park, near Rhodes College and Christian Brothers University! This fourplex is a great opportunity for investors and/or owner occupant. 3 units are leased with upstairs unit #3 available for lease and showings! All units previously renovated and the property has been well maintained throughout the years. Each unit the same with beautiful hardwood floors, den, 1BD/1BA, full kitchen and laundry room. New Roof 2022! Professionally managed and great turnkey opportunity. Please do not disturb tenants! No showings of full property without accepted contract.
Highlights
Home typeQuadruplex
HeatingCentral, Natural Gas
StatusActive
CoolingCentral Air, Electric
Year built1925
ParkingOffsite/Street
MLS #10195571
Summary
- Appliances: Other
- Flooring Type: Hardwood Throughout, Tile
- Parking: Offsite/Street
- Heating: Central, Natural Gas
- Cooling: Central Air, Electric
- List Price: $405,000
- Annual Tax Amount: $4,049
- Tax Year: 2024
- Directions: North on East Parkway, right on Forest Ave and 4 plex will be on the right.
- Year Built: 1925
- Stories: 2
- MLS Number: 10195571
- Office Name: Centric 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: 5/11/2025, 12:20:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$405,000
2385 Forrest Ave
$4,809
closing credit¹
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0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 08, 2021 | Home Sold | $330,000 |
| Oct 18, 2004 | Home Sold | $110,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $66,480 | $4,049 |
| 2023 | $66,480 | $4,049 |
| 2022 | $66,480 | $1,803 |
| 2021 | $66,480 | $1,803 |
| 2020 | $54,640 | $3,959 |
| 2019 | $54,640 | $3,959 |
| 2018 | $54,640 | $2,245 |
| 2017 | $54,640 | $2,094 |
History based on county public records data.
Nearby schools
5
William H. Brewster Elementary School
Public Magnet PK-5
0.5 mi
•2605 Sam Cooper Blvd
5
Springdale Elementary School
Public Magnet PK-5
0.7 mi
•880 N Hollywood St
3
Cornerstone Preparatory - Lester Campus
Public Charter PK-5
1.1 mi
•320 Carpenter 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 $17,273. Most Memphis, TN residents have annual incomes less than $<35k. 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?
81%
<35k
19%
35k-100k
0%
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?
59%
Single, No Kids
27%
Single, with Kids
9%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
10%
12-17 yrs old
22%
18-34 yrs old
40%
35-64 yrs old
11%
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
Similar homes for sale
This home is located at 2385 Forrest Ave in Memphis, TN and zip code 38112 in the Binghampton / Lester neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since May 1, 2025 and is currently priced at $405,000.
In April 2025, from all listings sold in Memphis, TN there were more than 51 sold above asking price, over 223 sold below and more than 116 were sold right at the asked price. The number of homes for sale in Memphis, TN increased by 13.8% between March and April 2025.
From Rocket Homes Real Estate and based on county public records data.