$891 Closing Credit¹
#10191482, Listing Office: Real Estate Agency
$74,900 List price
845 Gracewood St Memphis, TN 38112
$889
Closing credit¹
2 beds
1 full
0.2 acres
House
Property details
About 845 Gracewood St
This well-built 2-bedroom, 1-bath home sits at the end of a quiet dead-end street, surrounded by owner-occupied homes in a rapidly growing neighborhood with rising property values. With major updates already completed, this property is a smart investment or a move-in-ready home. Recent upgrades include a brand-new PEX plumbing system installed in September 2024, a fully replaced HVAC system in 2022, and updated electrical wiring with modern lighting throughout. The spacious lot offers plenty of outdoor potential, but the real bonus is the nearly 400 sq. ft. detached garage—perfect for converting into a tiny house, ADU, or guest suite. With a smart renovation, it could generate extra rental income or serve as a private studio or additional living space. With just a few cosmetic touches, this home is primed to become a high-performing rental or a cozy residence in a high-demand area. Don’t miss this opportunity—contact the listing agent today!
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air
Lot size0.19 Acres
Year built1948
ParkingDriveway/Pad,Front-Load Garage, Garage
MLS #10184562
Summary
- Full Bathrooms: 1
- Appliances: Cooktop, Gas Range, Dishwasher, Other
- Flooring Type: Other (See REMARKS)
- Total Bedroom Count: 2
- Parking: Driveway/Pad,Front-Load Garage, Garage
- Exterior: Wrought Iron Security Drs, Porch, Well Landscaped Grounds, Chain Fence
- Architectural Style: Traditional
- Heating: Central
- Cooling: Central Air
- List Price: $74,900
- Annual Tax Amount: $414
- Tax Year: 2024
- Lot: Level
- Directions: Heading east on Summer Ave, take a left onto Baltic St, left onto Manhattan Ave, right onto Gracewood St, and the home is on the left at the dead end.
- Year Built: 1948
- Stories: 1
- Lot Size: 0.19 Acres
- MLS Number: 10184562
- Office Name: Weichert, REALTORS-BenchMark
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: 5/16/2025, 3:20:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$74,900
845 Gracewood St
$889
closing credit¹
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0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 23, 2006 | Home Sold | $28,000 |
| Sep 30, 2004 | Home Sold | $12,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $6,800 | $414 |
| 2023 | $6,800 | $414 |
| 2022 | $6,800 | $419 |
| 2021 | $6,800 | $419 |
| 2020 | $5,650 | $409 |
| 2019 | $5,650 | $409 |
| 2018 | $5,650 | $232 |
| 2017 | $5,650 | $249 |
History based on county public records data.
Nearby schools
5
Springdale Elementary School
Public Magnet PK-5
0.9 mi
•880 N Hollywood St
5
Treadwell Elementary School
Public Magnet PK-5
1.0 mi
•3538 Given Ave
5
William H. Brewster Elementary School
Public Magnet PK-5
1.0 mi
•2605 Sam Cooper Blvd
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 $22,346. The majority of Memphis, TN residents have income less than $<35k annually. Most families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
70%
<35k
28%
35k-100k
2%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
56%
Single, No Kids
25%
Single, with Kids
10%
Married, No Kids
9%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
8%
12-17 yrs old
25%
18-34 yrs old
39%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
UFC
NHRA Drag Racing
Figure Skating
Where do the neighbors shop?
Family Dollar
Big Lots
Burlington
Where do the neighbors go to eat?
Burger King
Golden Corral
Church's Chicken
What do the neighbors drive?
Buick
Kia
Cadillac
What do the neighbors listen to?
Urban Contemporary
Adult Standards
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 845 Gracewood St
The listing price of 845 Gracewood St property is $74,900.
The property 845 Gracewood St is a house located in Memphis, Tennessee, 38112.
Active Listing: 845 Gracewood St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 845 Gracewood St are: Springdale Elementary School (GreatSchools Rating 5/10), Treadwell Elementary School (GreatSchools Rating 5/10), William H. Brewster Elementary School (GreatSchools Rating 5/10), Treadwell Middle School (GreatSchools Rating 4/10), Lester Prep Academy (ASD) (GreatSchools Rating 3/10), Compass Community School Binghampton Campus (GreatSchools Rating 5/10), Douglass High School (GreatSchools Rating 2/10), East High School (GreatSchools Rating 8/10), Kipp Memphis Collegiate High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $414 (source: MLS/based on county public records data).
The last sale was on October 23, 2006 for $28,000 (source: MLS/tax record).
The property at 845 Gracewood St has 2 bedrooms and 1 bathroom.
The year of construction for 845 Gracewood St is 1948.
This home is located at 845 Gracewood St in Memphis, TN and zip code 38112 in the Binghampton / Lester neighborhood. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since November 4, 2024 and is currently priced at $74,900.
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. Between March and April 2025, Memphis, TN real estate market has seen increase in the number of listings by 13.8%.
From Rocket Homes Real Estate and based on county public records data.