2540 Malone Ave, Memphis, TN, 38114
About This Home
INVESTERS ONLY!! Tenant occupied super cute 2Bed 1Bath home with low maintenance exterior and large detached workshop! Rent is $890/mo. Home will be a great addition to your portfolio and is professionally managed by Reedy and Company. This home was rehabbed within the last 18 months before the current tenant moved in. It has new interior paint, new exterior paint, nice looking roof (with no known issues), nice floor plan with new carpet, updated bathroom and kitchen, light fixtures that have been updated. ONLINE VIDEO AVAILABLE UPON REQUEST. Home has central heating and air. No wholesalers, no assignments, no creative financing, no owner financing available. Seller also selling 3792 Dunn (can buy individually or in bulk).
Getting Around
Somewhat Walkable
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1936
Materials
- Construction materials: Wood/Composition
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- All Bedrooms Down,Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
- Flooring: Part Carpet
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total interior livable area: 896 sqft
Kitchen
- Features: Pantry
Master Bedroom
- Features: Carpet
- Level: First
Property
Details
- Parcel number: 047059 00018
Features
- Stories: 1
- Pool features: None
- Exterior features: Other (See REMARKS)
Lot
- Lot size: 7,405 sqft
- Features: Level
- Lot size dimensions: 50 x 154
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
- 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 | $480 | $5,760 |
| Home Insurance | $172 | $2,064 |
| Property Taxes | $76 | $912 |
| Electricity | $175 | $2,103 |
| Total | $903 | $10,836 |
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 |
|---|---|---|
| 2025-11-14 | Listed for sale | $95,000 |
| 2025-09-04 | Listing removed | $890 |
| 2025-08-16 | Listed for rent | $890 |
| 2025-06-30 | Listing removed | $109,500 |
| 2025-04-14 | Price change | $109,500 |
| 2025-04-03 | Price change | $109,900 |
| 2025-03-25 | Listed for sale | $110,000 |
| 2022-12-02 | Listing removed | -- |
| 2022-11-22 | Listed for rent | $795 |
| 2022-10-12 | Sold | $87,000 |
| 2022-09-08 | Pending sale | $108,900 |
| 2022-08-22 | Price change | $108,900 |
| 2022-08-19 | Listed for sale | $109,000 |
| 2022-05-26 | Sold | $45,000 |
| 2013-09-24 | Sold | $4,700 |
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