For sale

$118,000

389 W Mitchell Rd, Memphis, TN 38109

3beds

948sqft

$837/mo

Get pre-qualified

Single Family Residence

Built in 1956

8,712 Square Feet Lot

$112,500 Zestimate^®

$124/sqft

$-- HOA

What's special

CALLING ALL INVESTORS!!! Seller is willing to sell this property as part of a package with 2961-2963 GRENADIER CV/Vacant and 5025 BERTA RD/Occupied at a REDUCED PRICE. Contact co-listing or your agent for more info! This tenant-occupied rental offers an opportunity to add another income-producing property to your portfolio. This 3-bedroom, 1-bath single-family home is currently generating $1,045/ month in rental income, with the current lease running through 04/03/2028. An opportunity to purchase an income-producing property with a tenant already in place. Please do not disturb the tenant. No showings without an accepted offer. NO wholesale, assignment or creative financing offers will be accepted. Financials available upon request. Professionally Managed IN-HOUSE

58 days
33
1

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1

Primary bedroom

Dimensions: 0 x 0

Dining room

Features: Separate Dining Room
Dimensions: 0 x 0

Living room

Dimensions: 0 x 0

Den

Dimensions: 0 x 0

Heating

Central

Cooling

Central Air

Features

Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
Flooring: Vinyl
Has fireplace: No

Interior area

Total interior livable area: 948 sqft

Property

Parking

Parking features: Driveway/Pad
Has uncovered spaces: Yes

Features

Stories: 1
Exterior features: Other (See REMARKS)
Pool features: None

Lot

Size: 8,712 Square Feet
Dimensions: 60 x 150
Features: Level

Details

Parcel number: 075087 00011

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence

Materials

Brick Veneer, Vinyl Siding

Condition

New construction: No
Year built: 1956

Community & HOA

Community

Subdivision: J E Walker Homes

Location

Region: Memphis

Financial & listing details

Price per square foot: $124/sqft
Tax assessed value: $69,100
Annual tax amount: $911
Price range: $118K - $118K
Date on market: 7/6/2026
Cumulative days on market: 59 days

Estimated market value

$112,500

$107,000 - $118,000

$1,077/mo

Price history

Date	Event	Price
7/6/2026	Price change	$118,000+19.2%$124/sqft
Source: MAAR #10225449 Report a problem
3/31/2026	Listing removed	$1,045$1/sqft
Source: Zillow Rentals Report a problem
12/16/2025	Listed for rent	$1,045+16.1%$1/sqft
Source: Zillow Rentals Report a problem
9/9/2022	Listing removed	--
Source: Zillow Rental Network Premium Report a problem
8/22/2022	Listed for sale	$99,000$104/sqft
Source: MAAR #10131722 Report a problem
8/18/2022	Sold	$99,000+127.6%$104/sqft
Source: MAAR #10131722 Report a problem
7/7/2022	Listed for rent	$900$1/sqft
Source: Zillow Rental Network Premium Report a problem
5/12/2005	Sold	$43,500$46/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$911 +71.8%	$17,275 +114.6%
2024	$530 +8.1%	$8,050
2023	$490	$8,050
2022	--	$8,050
2021	--	$8,050 +6.3%
2020	$242	$7,575
2019	$242 -21.1%	$7,575
2018	$307 -45.1%	$7,575
2017	$559 +101.8%	$7,575 -7.1%
2016	$277 -18.4%	$8,150
2014	$340	$8,150
2013	--	$8,150 -23.5%
2012	--	$10,650
2011	--	$10,650
2010	--	$10,650
2009	--	$10,650 -11.4%
2008	--	$12,025
2007	--	$12,025
2006	--	$12,025
2005	--	$12,025 +18.5%
2004	--	$10,150
2003	--	$10,150
2002	--	$10,150
2001	--	$10,150 +3.6%
2000	--	$9,800