$2,850 Closing Credit¹
#10194198, Listing office: Exit Realty Blues City
$230,000 List price
246 Lucerne Pl Memphis, TN 38126
$2,731
Closing credit¹
4 beds
2 full
0.1 acres
House
Property details
About 246 Lucerne Pl
Just under 5 minutes from the fast-growing Downtown Memphis—This extremely spacious 4 bed, 2 bath property offers a prime opportunity with some updates already completed, giving you a head start on renovations. Home boasts a separate living room, den, dining room, and sitting area. Whether you're new to investing or adding to your portfolio, this high-potential property deserves your attention and is a solid addition to your rental portfolio. Just two doors down from a 5-star Airbnb minutes from top restaurants, entertainment, the National Civil Rights Museum, and other Downtown staples. This is the kind of opportunity serious investors watch for, as it offers strong potential as a short-term or corporate rental.
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air
Lot size0.14 Acres
Year built1908
ParkingDriveway/Pad
MLS #10196046
FireplaceMasonry
Summary
- Full Bathrooms: 2
- Flooring Type: Hardwood Throughout
- Fireplace: Masonry
- Total Bedroom Count: 4
- Parking: Driveway/Pad
- Exterior: Wrought Iron Security Drs
- Architectural Style: Traditional, Victorian
- Heating: Central
- Cooling: Central Air
- List Price: $230,000
- Annual Tax Amount: $523
- Tax Year: 2024
- Lot: Few Trees
- Directions: From 1-240 W Take exit 7 for US-61N/3rd St Slight right onto the US-61N/3rd St. Merge onto US 61N/3rd St. Turn right on Lucerne Pl.
- Year Built: 1908
- Stories: 2
- Lot Size: 0.14 Acres
- MLS Number: 10196046
- Office Name: Keller Williams
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: 6/5/2025, 9:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$230,000
246 Lucerne Pl
$2,731
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 02, 2008 | Home Sold | $13,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $8,600 | $523 |
| 2023 | $8,600 | $523 |
| 2022 | $8,600 | $530 |
| 2021 | $8,600 | $530 |
| 2020 | $7,150 | $518 |
| 2019 | $7,150 | $518 |
| 2018 | $7,150 | $293 |
| 2017 | $7,150 | $312 |
History based on county public records data.
Nearby schools
3
A. B. Hill Elementary School
Public District PK-5
0.8 mi
•345 E Olive Ave
3
Memphis Scholars Florida-Kansas (ASD)
Public Charter PK-5
1.1 mi
•90 W Olive Ave
3
Memphis Delta Preparatory
Public Charter KG-5
1.4 mi
•1237 College 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 $16,709. The most common annual income of people living in Memphis, TN is less than $<35k. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
95%
<35k
4%
35k-100k
0%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
70%
Single, No Kids
26%
Single, with Kids
2%
Married, No Kids
2%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
22%
<11 yrs old
8%
12-17 yrs old
17%
18-34 yrs old
33%
35-64 yrs old
20%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
UFC- Pro Boxing
Where do the neighbors shop?
Family Dollar
Burlington
Big Lots
Where do the neighbors go to eat?
Church's Chicken
Burger King
Popeyes
What do the neighbors drive?
Cadillac
Buick
Dodge
What do the neighbors listen to?
Jazz
Urban Contemporary
Adult Standards
All data provided by Home Junction and Claritas
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Frequently asked questions
About 246 Lucerne Pl
The listing price of 246 Lucerne Pl property is $230,000.
The property 246 Lucerne Pl is a house located in Memphis, Tennessee, 38126.
Active Listing: 246 Lucerne Pl is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 246 Lucerne Pl are: A. B. Hill Elementary School (GreatSchools Rating 3/10), Memphis Scholars Florida-Kansas (ASD) (GreatSchools Rating 3/10), Memphis Delta Preparatory (GreatSchools Rating 3/10), Ida B. Wells Academy Elementary School/Middle School (GreatSchools Rating 2/10), Cummings School (GreatSchools Rating 4/10), City University School Girls Preparatory (GreatSchools Rating 5/10), Booker T. Washington High School (GreatSchools Rating 3/10), Hollis F. Price Middle College (GreatSchools Rating 5/10), Soulsville Charter School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $523 (source: MLS/based on county public records data).
The last sale was on September 2, 2008 for $13,000 (source: MLS/tax record).
The property at 246 Lucerne Pl has 4 bedrooms and 2 bathrooms.
The year of construction for 246 Lucerne Pl is 1908.
This home is located at 246 Lucerne Pl in Memphis, TN and zip code 38126 in the South Memphis neighborhood. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 7, 2025 and is currently priced at $230,000.
In May 2025 more than 70 listings in Memphis, TN were sold above the asking price. During the same period more than 110 listings were sold at asking price, while more than 263 were sold below. The inventory of homes for sale in Memphis, TN between April and May 2025 increased by 11.3%. In May 2025, listings were on the market for 10 days. During the same period, the median list price in this real estate market was $220,000.
From Rocket Homes Real Estate and based on county public records data.