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1355 Ethlyn Ave, Memphis, TN, 38106

2beds
1baths
696sqft
$48,900
$70price/sqft
$610/moest. monthly cost
$24,400/yrincome needed

About This Home

Affordable Investment Opportunity in Dixie Heights (West)! Great for investors, flippers, landlords, or buyers looking to renovate an affordable home. Features central A/C & a covered front porch. Ideal for a fix-and-flip, buy-and-hold rental, or owner-occupied renovation with sweat equity. Renovated comparable homes have recently sold from approximately $110,000–$145,000 (buyer to verify). Updated rentals in the area often lease for approximately $900–$1,300+ per month, depending on size, condition, & amenities. Bring your contractor, run your numbers, & unlock the potential. Selling As-Is with no repairs. Buyer to verify after-repair value, market rents, renovation costs, financing, schools, measurements, & all information through their own due diligence. Submit offers online. Video on UTube.

Getting Around

58
WalkingSomewhat Walkable
31
TransitSome Transit
40
BikeSomewhat Bikeable

Schools

4/10
Hamilton SchoolGrades PK-80.1 mi
3/10
Hamilton High SchoolGrades 9-120.3 mi

Construction

Condition

  • Year built: 1956

Materials

  • Construction materials: Brick Veneer

Type & Style

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

Interior

Bedrooms & Bathrooms

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

Den

  • Area: 1

Dining Room

  • Area: 1

Features

  • All Bedrooms Down,Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
  • Flooring: Part Hardwood

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 696 sqft

Living Room

  • Features: Separate Living Room
  • Area: 1

Master Bedroom

  • Area: 1

Property

Details

  • Parcel number: 048018 00005

Features

  • Stories: 1
  • Pool features: None

Lot

  • Lot size: 3,920 sqft
  • Features: Level
  • Lot size dimensions: 40 x 106

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
    Cold WaveRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Earthquake
    EarthquakeModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Earthquake
Tornado

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 $247$2,964
Home Insurance $149$1,788
Property Taxes $39$468
Electricity $175$2,103
Total$610$7,320

Income You'd Need if You Spent...

35% on housing$20,914/yr
40% on housing$18,300/yr
45% on housing$16,266/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

$70This listing

vs Other Active Listings

Avg $/sqft

ZIP 38106$39
Shelby County$117

vs Homes Sold Last Month

Median $/sqft

ZIP 38106$54
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)

No zestimate history available

Price History

DateEventPrice
2026-08-14Price change$48,500
2026-07-30Price change$48,900
2026-07-22Price change$49,900
2026-07-20Listed for sale$54,900
1999-07-20Sold$28,500
1998-08-06Sold$5,000

For Sale by Agent

AgentGlenn L McDonald
BrokerageIntegrated Assets

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