188 Charter Ave, Memphis, TN, 38109
About This Home
Investor Special with Strong Cash Flow Potential – 188 Charter Avenue, Memphis This 3-bedroom, 1-bath property is a prime opportunity for investors looking to generate consistent rental income and build long-term wealth. While it is conviently located in an established Memphis neighborhood, this home is well-positioned to perform as a cash-flowing asset with the right updates. Whether you’re expanding your portfolio or entering the Memphis market, this is a strategic investment opportunity you don’t want to overlook. Property is being sold as-is. Cash or conventional financing preferred. Secure your next income-producing property and take advantage of the upside this home has to offer.
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1971
Materials
- Construction materials: Wood/Composition
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Features
- All Bedrooms Down,Sprayed Ceiling,Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
Heating & Cooling
- Heating features: Natural Gas
- Cooling features: Central Air
Interior Area
- Total interior livable area: 907 sqft
Living Room
- Features: Separate Living Room
Property
Details
- Parcel number: 075190 00009
Features
- Stories: 1
- Pool features: None
- Patio & porch: Patio
- Fencing: Wood,Chain Fence
Lot
- Lot size: 9,147 sqft
- Lot size dimensions: 50 x 190
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 | $252 | $3,024 |
| Home Insurance | $98 | $1,176 |
| Property Taxes | $40 | $480 |
| Electricity | $175 | $2,103 |
| Total | $565 | $6,780 |
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)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-21 | Price change | $56,000 |
| 2026-04-15 | Price change | $59,500 |
| 2026-03-30 | Listed for sale | $65,000 |
| 2010-08-06 | Sold | $10,792 |
| 2008-10-31 | Sold | $32,400 |
| 1999-01-21 | Sold | $9,729 |
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