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1463 Effie Rd, Memphis, TN, 38106

2beds
2baths
960sqft
$102,000
$106price/sqft
$1,084/moest. monthly cost
$43,360/yrincome needed

About This Home

DO NOT DISTURB THE TENANTS!!! Looking to add to your portfolio. This duplex brings in $1200 a month ($600 each side) This 1-bedroom and 1-bath duplex has tenants on both sides. These units were freshly painted about a year ago.

Getting Around

37
WalkingCar-Dependent
28
TransitSome Transit
37
BikeSomewhat Bikeable

Schools

--
--
Hamilton Middle SchoolGrades 6-91.3 mi
3/10
Hamilton High SchoolGrades 9-120.9 mi

Construction

Condition

  • Year built: 1960

Materials

  • Foundation: Slab
  • Roof: Composition Shingles
  • Construction materials: Brick Veneer

Type & Style

  • Home type: MultiFamily
  • Architectural style: Traditional
  • Property subType: Duplex

Interior

Appliances

  • Appliances included: Gas Water Heater

Bedrooms & Bathrooms

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

Features

  • Unknown,Eat-in Kitchen,Separate Living Room,Square Feet Source:AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
  • Flooring: Wood Laminate Floors,Tile

Heating & Cooling

  • Heating features: Natural Gas,Wall Furnace
  • Cooling features: 1 Window Unit per Unit

Interior Area

  • Total interior livable area: 960 sqft

Property

Details

  • Parcel number: 060051 00049

Features

  • Stories: 1
  • Pool features: None
  • Patio & porch: Porch

Lot

  • Lot size: 4,590 sqft
  • Features: Landscaped,Level
  • Lot size dimensions: 45 x 102

Parking

  • Parking features: Street Parking Only
  • 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
  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Cold Wave
Earthquake
Heat Wave
Tornado
Lightning

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 $515$6,180
Home Insurance $312$3,744
Property Taxes $82$984
Electricity $175$2,103
Total$1,084$13,008

Income You'd Need if You Spent...

35% on housing$37,165/yr
40% on housing$32,520/yr
45% on housing$28,906/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

$106This listing

vs Other Active Listings

Avg $/sqft

ZIP 38106$38
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)

Price History

DateEventPrice
2026-03-03Listed for sale$105,000
2025-09-01Listing removed$105,000
2025-07-23Price change$105,000
2025-05-31Price change$115,000
2025-04-16Listed for sale$119,900
2022-01-18Sold$76,000
2022-01-03Pending sale$75,000
2021-12-31Listed for sale$75,000
2019-07-18Sold$20,000
2019-05-13Listed for sale$35,000
2018-03-09Sold$22,000
2018-01-30Price change$23,500
2018-01-19Price change$24,900
2017-12-28Listed for sale$27,500
2014-01-23Listing removed$12,000
2013-11-23Price change$12,000
2013-06-27Listed for sale$15,500
2013-06-06Pending sale$15,500
2013-05-06Listed for sale$15,500
2009-01-15Listing removed$21,429
2008-11-09Price change$21,429
2008-10-16Listed for sale$150,000

For Sale by Agent

AgentSherita D McCray
BrokerageAssured Real Estate Services

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