Welcome home! This beautiful, 3 bedroom and 1 bath home is the one you've been seeking. It's newly renovated with a gorgeous kitchen containing stainless appliances, a farm sink and butcher block countertops. The large, fenced yard with exterior storage is located in an extremely desirable area of town just off Walnut Grove. Act fast...this one will not last long!
Looking for the perfect rental property? Let Advantage Property Management welcome you home. We have proudly earned our A+ rating with the BBB due to our exceptional customer service, thorough communication and prioritization of our clients. We, too, live and work in Memphis and understand the value of locally owned business. We are proud to be a family owned and operated company that has served our great city for over 15 years and would love to offer our exceptional customer service to you as well. Come experience the Advantage Way. Welcome home.
We are proud to offer:
24/7 Maintenance Team: Reporting maintenance issues has never been easier whether it's online or by phone. After hours issues? No problem! Our dedicated staff work diligently to provide fast service when you need us most.
100% Vetted Vendor Network: We work hard to build long-term relationships with our vendors. Each vendor is screened thoroughly to ensure that everyone servicing your home is reliable, professional, and insured.
Online Tenant Portal: Everything you need to take care of business in one place! Rent payments, maintenance requests, contact forms and more can be accessed directly through your online portal.
Rental Requirements:
-Must make 3 times the rent, and must provide 3 most recent paystubs as proof of income (if moving from out of state, you must show an offer letter of employment)
-Must be in good standing with MLGW (provide a recent MLGW bill within the last 30 days)
-Provide 3 consecutive bank statements. (Screenshots will not be accepted, statements must be downloaded in full and include all pages from the E-statement. All pages MUST be included.)
-Preferred to have one year or more rental history (must upload a copy of a recent tenant ledger)
- Preferred to have one year or more with current employer
-No prior evictions within the last 5 years (includes rental collections that have been paid and dismissed), no felonies, and no bankruptcy.
A one-time lease setup fee of $100.00 will be charged by Advantage Property Management at the time the lease is signed.
Please note that failure to supply all necessary documents at time of submission will result in automatic cancellation/denial of your application and no refund of the application fee will be given. Providing false and/or misleading information is grounds for termination of application and complete forfeiture of application fee.
Sold for $130,000
$130,000
229 Montelo Rd, Memphis, TN 38120
3beds
--sqft
Single Family Residence
Built in ----
-- sqft lot
$176,700 Zestimate®
$--/sqft
$1,480 Estimated rent
Home value
$176,700
$161,000 - $193,000
$1,480/mo
Zestimate® history
Owner options
List your home for rent
$1,480/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,480/mo
Rent Zestimate®
Refinance and save
$843/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$843/mo
Est. payment
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List your homeWhat's special
Large fenced yardFarm sinkExterior storageGorgeous kitchenStainless appliancesButcher block countertops
Zillow last checked:
Listing updated:
Source: Zillow Rentals
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Property
Parking
- Details: Contact manager
Details
- Parcel number: 06805500017
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Community & HOA
Community
- Deposit fee: $1,600
Location
- Region: Memphis
Financial & listing details
- Tax assessed value: $144,800
- Annual tax amount: $1,908
- Date on market: 5/13/2026
- Lease term: Contact For Details
Price history
| Date | Event | Price |
|---|---|---|
| 6/3/2026 | Listing removed | $1,600 |
Source: Zillow Rentals Report a problem | ||
| 5/13/2026 | Listed for rent | $1,600-13.5% |
Source: Zillow Rentals Report a problem | ||
| 8/1/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/15/2024 | Listed for rent | $1,850 |
Source: Zillow Rentals Report a problem | ||
| 9/8/2023 | Sold | $130,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,908 -11.5% | $36,200 +10.6% |
| 2024 | $2,155 +8.1% | $32,725 |
| 2023 | $1,993 | $32,725 |
| 2022 | -- | $32,725 |
| 2021 | -- | $32,725 +51.9% |
| 2020 | $689 | $21,550 |
| 2019 | $689 -21.1% | $21,550 |
| 2018 | $873 -45.1% | $21,550 |
| 2017 | $1,591 +135.4% | $21,550 +8.4% |
| 2016 | $676 -10.8% | $19,875 |
| 2014 | $757 | $19,875 |
| 2013 | -- | $19,875 -16.3% |
| 2012 | -- | $23,750 |
| 2011 | -- | $23,750 |
| 2010 | -- | $23,750 -13.6% |
| 2009 | -- | $27,500 +34.8% |
| 2008 | -- | $20,400 |
| 2007 | -- | $20,400 |
| 2006 | -- | $20,400 |
| 2005 | -- | $20,400 +22.2% |
| 2004 | -- | $16,700 |
| 2003 | -- | $16,700 |
| 2002 | -- | $16,700 -13.7% |
| 2001 | -- | $19,350 +22.7% |
| 2000 | -- | $15,775 |
Find assessor info on the county website
Neighborhood: East Memphis-Colonial-Yorkshire
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Nearby schools
GreatSchools rating
- 9/10Richland Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 8/10White Station Middle SchoolGrades: 6-8Distance: 0.2 mi
- 8/10White Station High SchoolGrades: 9-12Distance: 2.1 mi
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$176,700
2% more
+$3,534
With Zillow Showcase(estimated)
$180,234
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$176,700
2% more
+$3,534
With Zillow Showcase(estimated)
$180,234
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