1023 Parkland Rd, Memphis, TN, 38111
About This Home
Excellent opportunity for buyers seeking steady rental income $1,000/month rent | Lease ends 12/01/2026. Stable tenant, strong rental demand, and great passive income potential. Situated on a generous 0.25-acre lot, just minutes from the University of Memphis. Lease and Ledger available on request.
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1947
Materials
- Construction materials: Aluminum/Steel Siding
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: Wood Laminate Floors
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total interior livable area: 908 sqft
Property
Details
- Parcel number: 059083 00005
Features
- Stories: 1
- Pool features: None
- Exterior features: Other (See REMARKS)
Lot
- Lot size: 6,969 sqft
- Features: Other (See Remarks)
- Lot size dimensions: 50 x 145
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
- Lightning
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 | $505 | $6,060 |
| Home Insurance | $136 | $1,632 |
| Property Taxes | $80 | $960 |
| Electricity | $175 | $2,103 |
| Total | $896 | $10,752 |
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 |
|---|---|---|
| 2026-08-05 | Price change | $90,000 |
| 2026-07-30 | Listed for sale | $100,000 |
| 2026-07-08 | Listing removed | $100,000 |
| 2026-07-01 | Listed for sale | $100,000 |
| 2026-05-07 | Listing removed | $100,000 |
| 2026-03-17 | Listed for sale | $100,000 |
| 2026-03-09 | Pending sale | $100,000 |
| 2026-01-23 | Listed for sale | $100,000 |
| 2021-12-29 | Sold | $85,000 |
| 2021-11-22 | Pending sale | $81,000 |
| 2021-11-12 | Price change | $81,000 |
| 2021-11-09 | Price change | $83,900 |
| 2021-11-03 | Price change | $85,900 |
| 2021-10-28 | Listed for sale | $89,000 |
| 2021-10-16 | Listing removed | -- |
| 2021-09-25 | Price change | $850 |
| 2021-09-16 | Listed for rent | $875 |
| 2021-09-07 | Listing removed | -- |
| 2021-08-23 | Listed for rent | $875 |
| 2021-03-29 | Sold | $69,900 |
| 2019-12-19 | Sold | $57,000 |
| 2019-08-06 | Listed for sale | $64,900 |
| 2016-04-20 | Listing removed | $16,000 |
| 2016-01-21 | Listed for sale | $16,000 |
| 2014-07-31 | Listing removed | $18,500 |
| 2014-05-21 | Price change | $18,500 |
| 2014-03-14 | Listed for sale | $22,000 |
| 2010-01-06 | Sold | $7,900 |
| 2009-08-03 | Sold | $11,400 |
| 1995-01-05 | Sold | $38,000 |
View on Zillow