3755 Fairmont Ave, Memphis, TN, 38122
About This Home
Turnkey duplex investment opportunity at 3755 Fairmont in Memphis! This income-producing property features two units, one unit is currently rented at $650/month, delivering immediate cash flow from day one. Ideal for investors seeking steady returns, the property offers strong rental demand in a consistently performing market. Each unit provides comfortable living space, making it attractive to long-term tenants. Whether you're looking to expand your portfolio or secure your first multifamily asset, this duplex presents a solid opportunity with built-in income and upside potential through future rent growth. Don’t miss this chance to own a performing asset in a proven rental area!
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1950
Type & Style
- Home type: MultiFamily
- Architectural style: Other (See REMARKS)
- Property subType: Duplex
Interior
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Features
- Updated/Renovated Kit
Heating & Cooling
- Heating features: Other (See Remarks)
- Cooling features: Other (See Remarks)
Interior Area
- Total interior livable area: 1,108 sqft
Property
Details
- Parcel number: 043088 00002
Features
- Stories: 1
- Pool features: None
Lot
- Lot size: 10,750 sqft
- Features: Other (See Remarks)
- Lot size dimensions: 50 x 215
Parking
- Parking features: Other (See REMARKS)
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
- Heat Wave
- Tornado
- Earthquake
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 | $682 | $8,184 |
| Home Insurance | $145 | $1,740 |
| Property Taxes | $109 | $1,308 |
| Electricity | $175 | $2,103 |
| Total | $1,111 | $13,332 |
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 |
|---|---|---|
| 2026-04-25 | Listed for sale | $140,000 |
| 2026-03-24 | Listing removed | $650 |
| 2026-01-19 | Price change | $650 |
| 2025-12-12 | Listed for rent | $750 |
| 2025-12-01 | Listing removed | $795 |
| 2025-11-18 | Listed for rent | $795 |
| 2025-11-07 | Listing removed | $855 |
| 2025-11-06 | Listed for rent | $855 |
| 2021-03-03 | Sold | $87,400 |
| 2003-02-06 | Sold | $36,000 |
View on Zillow