Property details
About 488 Laclede Ave
AS-IS opportunity for investors. This is a great cash-flowing property! The large home has been converted into a rooming house. Fully rented, this property can generate approximately $5,000 per month in cash flow.
Highlights
Summary
- Partial Bathrooms: 4
- Full Bathrooms: 4
- Flooring Type: Other (See REMARKS)
- Total Bedroom Count: 10
- Parking: Driveway/Pad
- Exterior: Other (See REMARKS)
- Architectural Style: Traditional
- Heating: Central
- Cooling: Central Air
- List Price: $197,000
- Annual Tax Amount: $618
- Tax Year: 2024
- Lot: Level
- Directions: Head north on 240 exit towards Crump Blvd. Make right on Wellington and Left on Laclede. Destination is on your Right.
- Year Built: 1912
- Stories: 2
- Lot Size: 0.03 Acres
- MLS Number: 10202542
- Office Name: Harris Realty Services
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/2/2025, 12:55:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 12, 2019 | Home Sold | $17,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $10,150 | $618 |
| 2023 | $10,150 | $618 |
| 2022 | $10,150 | $311 |
| 2021 | $5,050 | $311 |
| 2020 | $900 | $65 |
| 2019 | $900 | $65 |
| 2018 | $900 | $36 |
| 2017 | $900 | $302 |
History based on county public records data.
Nearby schools
3
A. B. Hill Elementary School
Public District PK-5
0.7 mi
•345 E Olive Ave
3
Memphis Delta Preparatory
Public Charter KG-5
0.9 mi
•1237 College St
5
Circles of Success Learning Academy
Public Charter KG-5
1.0 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 $25,116. Most Memphis, TN residents have annual incomes less than $<35k. Most families are single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
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
Frequently asked questions
About 488 Laclede Ave
The listing price of 488 Laclede Ave property is $197,000.
The property 488 Laclede Ave is a house located in Memphis, Tennessee, 38126.
Active Listing: 488 Laclede Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 488 Laclede Ave are: A. B. Hill Elementary School (GreatSchools Rating 3/10), Memphis Delta Preparatory (GreatSchools Rating 3/10), Circles of Success Learning Academy (GreatSchools Rating 5/10), 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), Hollis F. Price Middle College (GreatSchools Rating 5/10), Booker T. Washington High School (GreatSchools Rating 3/10), Soulsville Charter School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $618 (source: MLS/based on county public records data).
The last sale was on September 12, 2019 for $17,000 (source: MLS/tax record).
The property at 488 Laclede Ave has 10 bedrooms and 4 full and 4 half bathrooms.
The year of construction for 488 Laclede Ave is 1912.
This home is located at 488 Laclede Ave in Memphis, TN and zip code 38126 in the South Memphis neighborhood. Features: 10 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since August 1, 2025 and is currently priced at $197,000.
In July 2025, from all listings sold in Memphis, TN there were more than 67 sold above asking price, over 270 sold below and more than 113 were sold right at the asked price. Between June and July 2025, Memphis, TN real estate market has seen increase in the number of listings by 9.5%. Listings spent 114 days on the market in July 2025, and had a median list price of $212,210 during the same period.