3741 Faxon Ave, Memphis, TN, 38122
About This Home
Turnkey investment opportunity in the heart of Memphis. This renovated 3 bedroom 2 bathroom property at 3741 Faxon Ave is tenant occupied and currently leased at $1,445 per month through 01-01-2028, providing strong and stable cash flow from day one. The tenant has a $1,445 security deposit in place, adding an extra layer of protection for the new owner. This is a great option for investors looking to expand their portfolio with secured income already in place for the next several years. Located in a convenient area with easy access to major roads, shopping, and local amenities. Interior pictures are available upon request. Do not disturb tenant.
Getting Around
Somewhat Walkable
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1948
Materials
- Roof: Composition Shingles
- Construction materials: Brick Veneer,Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Single Family Residence
Interior
Appliances
- Laundry features: Laundry Room
Basement
- Basement: Crawl Space
Bedroom2
- Features: Shared Bath,Smooth Ceiling
- Level: First
Bedroom3
- Features: Shared Bath,Smooth Ceiling
- Level: First
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Dining Room
- Features: Separate Dining Room
Features
- 1 or More BR Down,Primary Down,Two Primaries,Split Bedroom Plan,Renovated Bathroom,Luxury Primary Bath,Full Bath Down,Smooth Ceiling,Living Room,Dining Room,Kitchen,Primary Bedroom,2nd Bedroom,1 Bath,Laundry Room,3rd Bedroom,1 Bath,Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
- Window features: Aluminum Frames
- Flooring: Part Carpet,Tile,Vinyl
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total interior livable area: 1,024 sqft
Kitchen
- Features: Updated/Renovated Kitchen
Living Room
- Features: Separate Living Room
Master Bathroom
- Features: Smooth Ceiling,Tile Floor,Full Bath
Master Bedroom
- Features: Smooth Ceiling,Tile Floor,Carpet
- Level: First,Second
Property
Details
- Parcel number: 038079 00013
Features
- Stories: 1
- Pool features: None
- Patio & porch: Porch
- Exterior features: Sidewalks
- Fencing: Chain Link
Lot
- Lot size: 9,583 sqft
- Features: Some Trees,Level,Landscaped
- Lot size dimensions: 50 x 200
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 | $910 | $10,920 |
| Home Insurance | $193 | $2,316 |
| Property Taxes | $145 | $1,740 |
| Electricity | $175 | $2,103 |
| Total | $1,423 | $17,076 |
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 |
|---|---|---|
| 2026-03-29 | Price change | $180,000 |
| 2026-02-26 | Listed for sale | $189,900 |
| 2025-12-02 | Price change | $1,445 |
| 2025-11-12 | Price change | $1,495 |
| 2025-10-31 | Price change | $1,545 |
| 2025-10-17 | Price change | $1,595 |
| 2025-05-20 | Price change | $800 |
| 2025-05-13 | Price change | $900 |
| 2025-01-26 | Listed for rent | $500 |
| 2024-05-21 | Listing removed | -- |
| 2024-04-15 | Price change | $205,000 |
| 2024-04-02 | Price change | $209,900 |
| 2024-03-21 | Price change | $216,000 |
| 2024-03-08 | Price change | $218,000 |
| 2024-03-04 | Price change | $220,000 |
| 2024-02-16 | Listed for sale | $230,000 |
| 2024-01-11 | Listing removed | -- |
| 2023-12-29 | Price change | $1,295 |
| 2023-12-04 | Price change | $1,365 |
| 2023-11-27 | Listed for rent | $1,370 |
| 2023-10-14 | Listing removed | -- |
| 2023-10-10 | Price change | $1,525 |
| 2023-09-29 | Listed for rent | $1,695 |
| 2023-08-26 | Listing removed | -- |
| 2022-12-13 | Sold | $167,500 |
| 2022-11-09 | Sold | $53,000 |
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