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$125,000

33 E Fernwood Ave Memphis, TN 38109

Multi-Family

Property details

About 33 E Fernwood Ave

Investment opportunity. Professionally managed and tenant occupied DUPLEX. Each unit is 2 bedrooms and 1 bathroom and brick exterior (4 bedrooms 2 full bathrooms total). Addresses are 33 & 35 E. Fernwood. The market rent is probably $900 or more per unit ($1800 or more) and the current rent is $1045. Property is fully rented out and professionally managed (leases, ledgers, repair history in place). 100% occupied property. Rents are $550/mo and $495/mo with leases ending 12/31/25 and 8/31/25. One unit was recently rehabbed within the last 12 months. Property has hardwood floors and very convenient location.

Highlights

Home typeDuplex
HeatingNatural Gas, Wall Furnace, Other
StatusActive
CoolingOther
Year built1953
ParkingDriveway/Pad
MLS #10196069

Summary

  • Flooring Type: Part Carpet
  • Parking: Driveway/Pad
  • Exterior: Brick Veneer
  • Architectural Style: Traditional
  • Heating: Natural Gas, Wall Furnace, Other
  • Cooling: Other
  • List Price: $125,000
  • Annual Tax Amount: $709
  • Tax Year: 2024
  • Lot: Level
  • Directions: S Parkway E, S on Florida's, L on Fernwood, home on R
  • Year Built: 1953
  • Stories: 1
  • MLS Number: 10196069
  • 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: 7/5/2025, 3:45:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

DateEventPrice
Sep 06, 2022
Home Sold
$29,100
May 25, 2022
Home Sold
$69,000
Jan 27, 2011
Home Sold
$41,000
Jan 20, 2011
Home Sold
$11,050
Dec 18, 2008
Home Sold
$465,000
Mar 14, 2007
Home Sold
$15,000
Sep 29, 2003
Home Sold
$48,500

Tax history

YearAssessmentProperty Tax
2024$11,640$709
2023$11,640$709
2022$11,640$315
2021$11,640$315
2020$16,000$724
2019$10,000$724
2018$10,000$411
2017$10,000$464

History based on county public records data.

Nearby schools

2

Vision Preparatory Charter School

Public Charter KG-5

0.6 mi

260 Joubert Ave

3

Alton Elementary School

Public District PK-5

1.0 mi

2020 Alton Ave

3

Memphis Scholars Florida-Kansas (ASD)

Public Charter PK-5

1.2 mi

90 W 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 $31,167. 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?

54%
<35k
38%
35k-100k
8%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

55%
Single, No Kids
33%
Single, with Kids
6%
Married, No Kids
6%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

18%
<11 yrs old
10%
12-17 yrs old
26%
18-34 yrs old
35%
35-64 yrs old
11%
65+ yrs old

What do the neighbors do for fun?

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

Where do the neighbors shop?

  • Family DollarFamily Dollar
  • Big LotsBig Lots
  • BurlingtonBurlington

Where do the neighbors go to eat?

  • Burger KingBurger King
  • Golden CorralGolden Corral
  • PopeyesPopeyes

What do the neighbors drive?

  • BuickBuick
  • KiaKia
  • DodgeDodge

What do the neighbors listen to?

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

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Frequently asked questions

About 33 E Fernwood Ave

The listing price of 33 E Fernwood Ave property is $125,000.

The property 33 E Fernwood Ave is a multi located in Memphis, Tennessee, 38109.

Active Listing: 33 E Fernwood Ave is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 33 E Fernwood Ave are: Vision Preparatory Charter School (GreatSchools Rating 2/10), Alton Elementary School (GreatSchools Rating 3/10), Memphis Scholars Florida-Kansas (ASD) (GreatSchools Rating 3/10), Riverview School (GreatSchools Rating 3/10), Ida B. Wells Academy Elementary School/Middle School (GreatSchools Rating 2/10), Cummings School (GreatSchools Rating 4/10), Carver College and Career Academy (GreatSchools Rating 1/10), Soulsville Charter School (GreatSchools Rating 3/10), Hollis F. Price Middle College (GreatSchools Rating 5/10).

According to the records, the last property tax for 2024 is $709 (source: MLS/based on county public records data).

The last sale was on September 6, 2022 for $29,100 (source: MLS/tax record).

The year of construction for 33 E Fernwood Ave is 1953.

This home is located at 33 E Fernwood Ave in Memphis, TN and zip code 38109 in the Mallory Heights neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since May 7, 2025 and is currently priced at $125,000.

In June 2025, from all listings sold in Memphis, TN there were more than 73 sold above asking price, over 219 sold below and more than 107 were sold right at the asked price. In June 2025 in Memphis, TN there were 11.9% more homes for sale than in May. In June 2025, listings were on the market for 35 days. During the same period, the median list price in this real estate market was $224,900.

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

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