1864 Macaulay Ave, Memphis, TN, 38127
About This Home
ATTENTION INVESTORS! Tenant occupied property that would make an excellent addition to your rental portfolio. This 4 bedroom, 2 bathroom brick home is rented for $1,525/month to a Section 8 tenant with a lease secured until June 30, 2027. Tenant moved in July 1, 2025 and just renewed their lease for another 12 months. Roof, AC Condenser, Furnace replaced July 2020. Water heater replaced September 2022. Home was refreshed in 2025 and features new carpet, fresh paint, a spacious living room and bonus room that can serve as a 4th bedroom, covered parking and a spacious fenced-in backyard. Priced to sell near the desired 1% Rule. Seller is also selling 3962 Sloan St and 2919 Bede Rd (you can buy them individually or in bulk). Please do not disturb the tenant. Tenant ledger, lease and maintenance report are available upon request. No wholesalers, assignments or creative or owner financing.
Getting Around
Car-Dependent
Minimal Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1957
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Den
- Area: 100
Dining Room
- Area: 100
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: 1,467 sqft
Kitchen
- Features: Eat-in Kitchen
Living Room
- Area: 100
Master Bedroom
- Area: 100
Property
Details
- Parcel number: 071005 00021
Features
- Stories: 1
- Pool features: None
- Patio & porch: Patio
Lot
- Lot size: 0.27 Acres
- Features: Level
- Lot size dimensions: 80 x 150
Parking
- Total spaces: 1
- Parking features: Driveway/Pad
- Covered spaces: 1
- 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
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 | $783 | $9,396 |
| Home Insurance | $326 | $3,912 |
| Property Taxes | $125 | $1,500 |
| Electricity | $175 | $2,103 |
| Total | $1,409 | $16,908 |
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 |
|---|---|---|
| 2026-07-02 | Listed for sale | $155,000 |
| 2025-05-14 | Listing removed | $1,375 |
| 2025-04-30 | Listed for rent | $1,375 |
| 2023-10-05 | Listing removed | -- |
| 2023-09-29 | Listed for rent | $1,150 |
| 2021-10-23 | Listing removed | -- |
| 2021-10-21 | Listed for rent | $975 |
| 2021-09-28 | Listing removed | -- |
| 2021-09-24 | Listed for rent | $975 |
| 2020-07-16 | Listing removed | $925 |
| 2020-07-14 | Listed for rent | $925 |
| 2020-06-22 | Sold | $40,000 |
| 2020-06-09 | Pending sale | $48,000 |
| 2020-06-05 | Listed for sale | $48,000 |
| 1998-11-18 | Sold | $56,000 |
View on Zillow