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2717 Frisco Ave, Memphis, TN, 38114

2beds
1baths
763sqft
$104,900
$137price/sqft
$979/moest. monthly cost
$39,160/yrincome needed

About This Home

Turnkey investment opportunity in Memphis! This property was fully renovated in 2024, featuring a new roof, new furnace, completely updated kitchen and bathroom, and new LVT flooring throughout. Major systems are already in great shape with AC replaced in 2019 and water heater in 2017. Currently tenant occupied at $850/month, with rent 100% paid by the Section 8 program, providing reliable, government-backed income. A solid, low-maintenance addition to any rental portfolio with immediate cash flow in place. Do not disturb tenant.

Getting Around

42
WalkingCar-Dependent
30
TransitSome Transit
39
BikeSomewhat Bikeable

Schools

3/10
Alcy Elementary SchoolGrades PK-51.9 mi
5/10
Sherwood Middle SchoolGrades 6-81.8 mi
3/10
Melrose High SchoolGrades 9-121.4 mi

Construction

Condition

  • Year built: 1940

Materials

  • Construction materials: Vinyl 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: 763 sqft

Living Room

  • Features: LR/DR Combination

Property

Details

  • Parcel number: 060145 00013

Features

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

Lot

  • Lot size: 9,583 sqft
  • Features: Some Trees
  • Lot size dimensions: 50 x 200

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
  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Earthquake
Heat Wave
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 $530$6,360
Home Insurance $190$2,280
Property Taxes $84$1,008
Electricity $175$2,103
Total$979$11,748

Income You'd Need if You Spent...

35% on housing$33,565/yr
40% on housing$29,370/yr
45% on housing$26,106/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

$137This 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
2026-02-20Listed for sale$104,900
2025-04-04Listing removed$850
2025-03-25Price change$850
2024-11-20Listed for rent$895
2024-07-17Sold$32,000

For Sale by Agent

AgentAdam M Thornton
BrokerageMarathon REALTORS, LLC

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