4797 Myrlen Way, Memphis, TN, 38118
About This Home
Great investment with cash flow. Welcome to this charming 3-bedroom, 2-bath condo nestled in the heart of East Memphis! Each bedroom is generously sized, and the two full bathrooms provide convenience for all. Enjoy the outdoors with a private, fenced-in patio – perfect for relaxing or hosting gatherings. With two covered parking spaces. Home is leased for $1,000 a month, lease ends 03/2026.
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1971
Type & Style
- Home type: Townhouse
- Architectural style: Colonial
- Property subType: Townhouse,Residential,Condominium
Interior
Appliances
- Laundry features: Washer Hookup
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Features
- Flooring: Carpet,Laminate
- Number of fireplaces: 1
- Fireplace: Yes
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 1,685
- Total interior livable area: 1,685 sqft
Property
Details
- Parcel number: 074032 C00048
- Attached to another structure: Yes
- Special condition: Standard
Features
- Levels: Three Or More
- Stories: 2
- Patio & porch: Patio,Porch
Lot
- Lot size: 2,613 sqft
- Lot size dimensions: 0 x 0
Parking
- Total spaces: 2
- Parking features: Detached,Assigned,Parking Lot
- Covered spaces: 2
- Carport: Yes
- Carport spaces: 2
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
- Earthquake
- Inland Flooding
- Tornado
- Cold Wave
- Heat Wave
- Ice Storm
- Strong Wind
- Winter Weather
- Landslide
- 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 | $328 | $3,936 |
| Home Insurance | $97 | $1,164 |
| Property Taxes | $52 | $624 |
| Electricity | $175 | $2,103 |
| Total | $652 | $7,824 |
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 |
|---|---|---|
| 2025-11-06 | Listed for sale | $65,000 |
| 2025-04-02 | Listing removed | $65,000 |
| 2025-03-05 | Listing removed | $1,000 |
| 2025-01-22 | Price change | $65,000 |
| 2024-12-03 | Price change | $70,000 |
| 2024-11-04 | Listed for sale | $75,000 |
| 2002-10-17 | Sold | $44,100 |
| 2002-05-01 | Sold | $64,088 |
| 1999-04-23 | Sold | $56,000 |
| 1998-10-07 | Sold | $51,473 |
| 1996-11-22 | Sold | $51,875 |
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