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2603 Arlington Ave, Memphis, TN, 38114

2beds
1baths
990sqft
$94,000
$95price/sqft
$895/moest. monthly cost
$35,800/yrincome needed

About This Home

Exceeds 1% CASH FLOW- RENT $1092.00.- 2 BR 1 Bath home Rehabbed in late 2023- New roof, exterior paint, new floors, bathrooms, and kitchen, LVT and tile flooring, new condenser, new furnace, hot water heater, lighting, and fixtures. No owner finance or wholesalers.  Inspection with accepted offer- DO NOT DISTURB TENANTS-

Getting Around

64
WalkingSomewhat Walkable
32
TransitSome Transit
46
BikeSomewhat Bikeable

Schools

4/10
5/10
Sherwood Middle SchoolGrades 6-81.7 mi
3/10
Melrose High SchoolGrades 9-120.7 mi

Construction

Condition

  • Year built: 1941

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Bedroom2

  • Level: First

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • All Bedrooms Down,1 or More BR Down,Primary Down,Full Bath Down,Living Room,Kitchen,Primary Bedroom,2nd Bedroom,1 Bath,Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
  • Flooring: Tile,Vinyl

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 990 sqft

Master Bedroom

  • Level: First

Property

Details

  • Parcel number: 047048 00008

Features

  • Stories: 1
  • Pool features: None
  • Exterior features: Other (See REMARKS)
  • Fencing: Chain Link

Lot

  • Lot size: 8,712 sqft
  • Features: Some Trees
  • Lot size dimensions: 58 x 153

Parking

  • Total spaces: 1
  • Parking features: Driveway/Pad
  • Covered spaces: 1
  • 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
    Cold WaveRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Earthquake
    EarthquakeModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tornado
Earthquake

FEMA Declared Disasters Across Tennessee Counties

Flood
Freezing
Severe Ice Storm
Severe Storm
Straight Line Winds
Tornado
Winter Storm

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

MonthlyAnnual
Mortgage $475$5,700
Home Insurance $170$2,040
Property Taxes $75$900
Electricity $175$2,103
Total$895$10,740

Income You'd Need if You Spent...

35% on housing$30,685/yr
40% on housing$26,850/yr
45% on housing$23,866/yr

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.

Insurance Growth Rate5-year average: 6.5%
6.5%
0%30.0%
Electricity Growth Rate10-year average: 4.5%
4.5%
0%15.0%
Property Taxes Growth Rate2-year average: -0.8%
-0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$95This listing

vs Other Active Listings

Avg $/sqft

ZIP 38114$68
Shelby County$117

vs Homes Sold Last Month

Median $/sqft

ZIP 38114$115
Shelby County$132

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

DateEventPrice
2026-05-11Price change$94,000
2026-01-10Listed for sale$98,000
2023-06-20Sold$90,000
2023-01-18Sold$35,000
2016-01-04Listing removed$29,900
2015-09-18Price change$29,900
2015-08-12Listed for sale$39,900
2015-05-20Sold$52,500
2014-12-18Sold$52,500
2014-09-22Sold$10,000
1996-06-27Sold$35,900

For Sale by Agent

AgentBrett A Bernard
BrokerageThe Stamps Real Estate Company

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