For sale

$1,236,000

1283 E Raines Rd, Memphis, TN 38116

--beds

--baths

14,216sqft

Est.:

Multi Family

Built in 1964

-- sqft lot

$1,215,000 Zestimate^®

$87/sqft

$-- HOA

What's special

Stoves and refrigeratorsCentral heating and air

1283 E. Raines is a 16-unit opportunity featuring 12 two-bedroom units and 4 one-bedroom units. The property offers central heating and air along with stoves and refrigerators in . Conveniently situated just minutes from FedEx, UPS, the Memphis International Airport, and Graceland, the location benefits from strong employment drivers and steady rental demand. The scheduled monthly rents are 12895/mo. Please do not disturb residents, drive by only

6 days

69

8

Tour with a local agent

Facts & features

Interior

Heating

Central

Cooling

Central Air

Appliances

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

Features

Flooring: Wood Laminate Floors

Interior area

Total structure area: 14,216
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 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: $87/sqft
Annual tax amount: $19,192
Date on market: 5/18/2026
Cumulative days on market: 7 days
Listing terms: Conventional
Lease term: 12 Months
Total actual rent: 131529
Tenant pays: Some Utilities

Estimated market value

$1,215,000

$1.15M - $1.28M

$915/mo

Price history

Date	Event	Price
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

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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