Investment opportunity. Professionally managed and tenant occupied DUPLEX. Each unit is 2 bedrooms and 1 bathroom and brick exterior (4 bedrooms 2 full bathrooms total). Addresses are 33 & 35 E. Fernwood. The market rent is probably $900 or more per unit ($1800 or more) and the current rent is $1045. Property is fully rented out and professionally managed (leases, ledgers, repair history in place). 100% occupied property. Rents are $550/mo and $495/mo with leases ending 12/31/25 and 8/31/25. One unit was recently rehabbed within the last 12 months. Property has hardwood floors and very convenient location.
For sale
Price cut: $10K (7/10)
$115,000
33 E Fernwood Ave, Memphis, TN 38109
4beds
--sqft
Est.:
Duplex
Built in 1953
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Brick exteriorHardwood floors
- 96 days
- on Zillow |
- 255 |
- 25 |
Zillow last checked: 7 hours ago
Listing updated: July 10, 2025 at 08:14am
Listed by:
Tyler Tapley,
Crye-Leike, Inc., REALTORS 901-756-8900
Source: MAAR,MLS#: 10196069

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas, Other (See Remarks), Wall Furnace
Cooling
- Other (See Remarks)
Appliances
- Included: Gas Water Heater
Features
- Pantry, Pantry in Kitchen
- Flooring: Part Carpet
Property
Parking
- Parking features: Driveway/Pad
- Has uncovered spaces: Yes
Features
- Stories: 1
- Pool features: None
Lot
- Size: 6,750 Square Feet
- Dimensions: 50 x 135
- Features: Level
Details
- Parcel number: 050059 00006
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Duplex
Materials
- Brick Veneer
Condition
- Year built: 1953
Community & HOA
Community
- Subdivision: New South Memphis Blk 34
Location
- Region: Memphis
Financial & listing details
- Tax assessed value: $29,100
- Annual tax amount: $1,159
- Date on market: 5/7/2025
- Listing terms: Other (See Remarks)
- Lease term: Other (Call LA)
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