Sold for $912,000

$912,000

1283 E Raines Rd, Memphis, TN 38116

--beds

--baths

14,216sqft

Multi Family

Built in 1964

-- sqft lot

$1,116,400 Zestimate^®

$64/sqft

$960 Estimated rent

Home value

$1,116,400

$1.06M - $1.17M

$960/mo

Zestimate^® history

Owner options

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$960/mo

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$960/mo

Rent Zestimate^®

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$5,835/mo

Est. payment

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$5,835/mo

Est. payment

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What's special

This 16 unit building is located just south of the Graceland area of Whitehaven. There are 4-2br and and 12-1br units. The scheduled monthly rents are 12795/mo. All 16 units have been fully renovated with granite countertops, new doors, tubs, tile, vanities & new flooring. All have new furnaces, condensers & hot water heaters installed. Drive by only. Please do not disturb the residents.

Facts & features

Interior

Heating

Central

Cooling

Central Air

Appliances

Included: Dishwasher, Range/Oven (Built-In), Refrigerator, Electric Water Heater
Laundry: None

Features

Flooring: Tile, Vinyl

Interior area

Total interior livable area: 14,216 sqft

Property

Parking

Parking features: Asphalt/Blacktop

Features

Stories: 2

Lot

Size: 0.5 Acres
Dimensions: 100 x 217

Details

Parcel number: 079002 00006

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick, Brick Veneer, Wood/Composition
Foundation: Slab
Roof: Composition

Condition

Year built: 1964

Community & HOA

Community

Subdivision: Whitehaven 1st Addn

Location

Region: Memphis

Financial & listing details

Price per square foot: $64/sqft
Annual tax amount: $6,142
Date on market: 4/3/2024
Cumulative days on market: 100 days
Listing terms: Conventional
Lease term: 12 Months
Total actual rent: 153540
Tenant pays: Some Utilities

Price history

Date	Event	Price
11/5/2026	Listing removed	$1,186,000$83/sqft
Source: MAAR #10229844 Report a problem
9/4/2026	Listed for sale	$1,186,000$83/sqft
Source: MAAR #10229844 Report a problem
9/2/2026	Listing removed	$1,186,000$83/sqft
Source: MAAR #10221886 Report a problem
8/6/2026	Price change	$1,186,000-4%$83/sqft
Source: MAAR #10221886 Report a problem
7/17/2026	Listing removed	$790
Source: Zillow Rentals Report a problem
5/18/2026	Listed for sale	$1,236,000+35.5%$87/sqft
Source: MAAR #10221886 Report a problem
3/31/2026	Listed for rent	$790
Source: Zillow Rentals Report a problem
8/15/2024	Sold	$912,000-8.3%$64/sqft
Source: MAAR #10169238 Report a problem
7/12/2024	Pending sale	$995,000$70/sqft
Source: MAAR #10169238 Report a problem
7/6/2024	Listed for sale	$995,000$70/sqft
Source: MAAR #10169238 Report a problem
6/20/2024	Pending sale	$995,000$70/sqft
Source: MAAR #10169238 Report a problem
5/26/2024	Price change	$995,000-11.6%$70/sqft
Source: MAAR #10169238 Report a problem
4/29/2024	Price change	$1,125,000-4.3%$79/sqft
Source: MAAR #10169238 Report a problem
4/26/2024	Listed for sale	$1,175,000$83/sqft
Source: MAAR #10169238 Report a problem
4/15/2024	Pending sale	$1,175,000$83/sqft
Source: MAAR #10169238 Report a problem
4/3/2024	Listed for sale	$1,175,000$83/sqft
Source: MAAR #10169238 Report a problem