2868 Choctaw Ave, Memphis, TN, 38114
About This Home
Investors! Welcome to a lovely 1 Bed/1 Bath rental that is cash flowing at $695 per month! Located close to entertainment and commerce, this neighborhood is prime for growth. The current lease is for $725/mo and runs through 10/31/2026, so don't miss this opportunity to expand your portfolio!
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1920
Materials
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Features
- All Bedrooms Down,Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
- Flooring: Wood Laminate Floors
Heating & Cooling
- Heating features: Wall Furnace
- Cooling features: Window Unit(s)
Interior Area
- Total interior livable area: 686 sqft
Living Room
- Features: Separate Living Room
Property
Details
- Parcel number: 029103 00024
Features
- Stories: 1
- Pool features: None
- Patio & porch: Porch
- Fencing: Chain Link
Lot
- Lot size: 3,049 sqft
- Features: Some Trees
- Lot size dimensions: 25 x 125
Parking
- Parking features: Driveway/Pad
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Earthquake
- Heat Wave
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Tennessee Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $212 | $2,544 |
| Home Insurance | $76 | $912 |
| Property Taxes | $33 | $396 |
| Electricity | $175 | $2,103 |
| Total | $496 | $5,952 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-20 | Price change | $42,000 |
| 2026-03-24 | Price change | $42,500 |
| 2026-03-02 | Pending sale | $55,750 |
| 2026-02-17 | Listed for sale | $55,750 |
| 2025-12-16 | Listing removed | $55,750 |
| 2025-12-01 | Price change | $55,750 |
| 2025-09-23 | Listed for sale | $56,750 |
| 2025-09-19 | Listing removed | $56,750 |
| 2025-07-23 | Price change | $56,750 |
| 2025-07-07 | Price change | $57,250 |
| 2025-06-18 | Listed for sale | $57,750 |
| 2025-05-07 | Listing removed | $65,999 |
| 2025-04-25 | Price change | $65,999 |
| 2025-04-15 | Price change | $66,500 |
| 2025-04-03 | Listed for sale | $67,500 |
| 2024-10-09 | Listing removed | $695 |
| 2024-09-30 | Listed for rent | $695 |
| 2024-09-12 | Listing removed | $725 |
| 2024-09-09 | Price change | $725 |
| 2024-07-10 | Listed for rent | $750 |
| 2023-03-02 | Sold | $36,000 |
| 2023-02-27 | Pending sale | $40,000 |
| 2023-02-14 | Price change | $40,000 |
| 2023-01-28 | Listed for sale | $45,000 |
| 2022-03-30 | Listing removed | -- |
| 2021-05-17 | Sold | $18,000 |
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