$1,544 Closing Credit¹
#10182311, Listing Office: BEST Real Estate Company
$125,000 List price
33 E Fernwood Ave Memphis, TN 38109
$1,484
Closing credit¹
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, Other, Wall Furnace
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, Other, Wall Furnace
- 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: 5/11/2025, 1:20:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$125,000
33 E Fernwood Ave
$1,484
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| 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
| Year | Assessment | Property 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.
Neighborhood
The neighbors living near this home have an average income of $31,167. The most common annual income of people living in Memphis, TN is less than $<35k. 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?
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?
UFC
NHRA Drag Racing- Pro Boxing
Where do the neighbors shop?
Family Dollar
Big Lots
Burlington
Where do the neighbors go to eat?
Burger King
Golden Corral
Popeyes
What do the neighbors drive?
Buick
Kia
Dodge
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 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 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 inventory of homes for sale in Memphis, TN between March and April 2025 increased by 13.8%.
From Rocket Homes Real Estate and based on county public records data.