$3,562 Closing Credit¹
#10183964, Listing Office: Franchise Realty, LLC
$340,000 List price
285 Lucy Ave Memphis, TN 38106
$4,038
Closing credit¹
Multi-Family
Property details
About 285 Lucy Ave
Tenant Occupied! Do not disturb tenants! Offers Contingent Upon Inspections. Grab this Renovated Quadplex! 2bed/1bath with 3 occupied Section 8 tenants and 1 vacant unit. Currently total rents are $2,930! This complex was renovated in 2023. Roof, Exterior & Interior painted, Updated Laminate Flooring, Renovated Kitchens & Baths, New Light Fixtures, Each Unit Has Mini Splits for Heating & Cooling. Professionally Managed (Lease, Ledgers, Maintenance History, & Pics at Request). Pictures of units are before tenants moved in. No wholesalers, assignments, or creative financing.
Highlights
Home typeQuadruplex
HeatingOther
StatusActive
CoolingOther
BasementYes
Year built1960
ParkingAttached, Concrete
MLS #10190234
Summary
- MLS Number: 10190234
- Office Name: Crye-Leike, Inc., REALTORS
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: 2/22/2025, 4:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$340,000
285 Lucy Ave
$4,038
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 19, 2023 | Home Sold | $340,000 |
| May 18, 2023 | Home Sold | $95,000 |
| Sep 08, 2020 | Home Sold | $48,000 |
| Jul 25, 2017 | Home Sold | $29,520 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $13,440 | $818 |
| 2023 | $13,440 | $818 |
| 2022 | $13,440 | $828 |
| 2021 | $13,440 | $828 |
| 2020 | $12,560 | $910 |
| 2019 | $12,560 | $910 |
| 2018 | $12,560 | $516 |
| 2017 | $12,560 | $522 |
History based on county public records data.
Nearby schools
3
A. B. Hill Elementary School
Public District PK-5
0.3 mi
•345 E Olive Ave
3
Memphis Scholars Florida-Kansas (ASD)
Public Charter PK-5
0.9 mi
•90 W Olive Ave
5
Circles of Success Learning Academy
Public Charter KG-5
1.2 mi
•867 S Parkway E
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 $14,072. Typical income of Memphis, TN residents is less than $<35k annually. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
82%
<35k
18%
35k-100k
0%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
59%
Single, No Kids
27%
Single, with Kids
8%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
12%
12-17 yrs old
18%
18-34 yrs old
39%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
UFC
Figure Skating
NHRA Drag Racing
Where do the neighbors shop?
Family Dollar
Big Lots
Burlington
Where do the neighbors go to eat?
Burger King
Church's Chicken
Golden Corral
What do the neighbors drive?
Buick
Cadillac
Kia
What do the neighbors listen to?
Urban Contemporary
Jazz
Adult Standards
All data provided by Home Junction and Claritas
Similar homes for sale
$8,906 Closing Credit¹
#10173867, Listing Office: eXp Realty, LLC
This home is located at 285 Lucy Ave in Memphis, TN and zip code 38106 in the South Memphis neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since February 17, 2025 and is currently priced at $340,000.
In January 2025 more than 33 listings in Memphis, TN were sold above the asking price. During the same period more than 72 listings were sold at asking price, while more than 166 were sold below. The inventory of homes for sale in Memphis, TN between December and January 2025 increased by 11.7%.
From Rocket Homes Real Estate and based on county public records data.