Sold for $137,000

$137,000

4487 Sumners Wells Rd, Memphis, TN 38118

4beds

1,621sqft

Duplex

Built in 1974

-- sqft lot

$135,200 Zestimate^®

$85/sqft

$1,029 Estimated rent

Home value

$135,200

$123,000 - $149,000

$1,029/mo

Zestimate^® history

Owner options

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$1,029/mo

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$1,029/mo

Rent Zestimate^®

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$905/mo

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$905/mo

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What's special

This property is currently under contract. This is a hot investment street, with a ton of potential tenants and increasing rents/values as the neighborhood is being turnkeyed. The neighborhood is close to the airport and several distribution centers with a strong need for workforce housing. The duplex was fixed up a few years ago, with a newer roof and should have newer mechanicals. The other side is on the market now for a tenant. Both units should rent in the $900, allowing for some great long-term income and an awesome reason to add it to your portfolio! Buyer to verify all facts; no showings until accepted offer. Do not disturb tenants. No assignable/wholesaler offers will be accepted. No seller-financing, so do not ask or offer; it will be rejected. Seller is selling all in Memphis market to invest in local market. Selling with 3 other duplexes and will split.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Heating

Central

Cooling

Central Air

Appliances

Included: Gas Water Heater

Features

Smooth Ceiling, Step-Saver Kitchen
Flooring: Wood Laminate Floors, Tile

Interior area

Total interior livable area: 1,621 sqft

Property

Parking

Parking features: Driveway/Pad
Has uncovered spaces: Yes

Features

Stories: 1
Pool features: None

Lot

Size: 7,800 Square Feet
Dimensions: 60 x 130
Features: Level

Details

Parcel number: 073110 00014

Construction

Type & style

Home type: MultiFamily
Architectural style: Traditional
Property subtype: Duplex

Materials

Brick Veneer
Foundation: Slab
Roof: Composition Shingles

Condition

Year built: 1974

Utilities & green energy

Utilities for property: Separate Meters

Community & HOA

Community

Subdivision: East Whitehaven Park

Location

Region: Memphis

Financial & listing details

Price per square foot: $85/sqft
Tax assessed value: $138,900
Annual tax amount: $1,035
Date on market: 10/4/2024
Cumulative days on market: 33 days
Listing terms: Conventional
Lease term: 12 Months
Tenant pays: All Utilities

Price history

Date	Event	Price
4/9/2025	Listing removed	$825$1/sqft
Source: MAAR #10189643 Report a problem
2/7/2025	Listed for rent	$825-5.7%$1/sqft
Source: MAAR #10189643 Report a problem
11/23/2024	Listing removed	$875$1/sqft
Source: Zillow Rentals Report a problem
11/20/2024	Sold	$137,000-8.6%$85/sqft
Source: MAAR #10182588 Report a problem
10/24/2024	Listed for rent	$875$1/sqft
Source: Zillow Rentals Report a problem
10/4/2024	Listed for sale	$149,900+149.8%$92/sqft
Source: MAAR #10182588 Report a problem
11/28/2023	Listing removed	--
Source: Zillow Rentals Report a problem
10/5/2023	Listed for rent	$875+59.1%$1/sqft
Source: Zillow Rentals Report a problem
9/7/2018	Listing removed	$550
Source: Zillow Rental Network Report a problem
8/21/2018	Listed for rent	$550
Source: Zillow Rental Network Report a problem
5/18/2018	Sold	$60,000-4%$37/sqft
Source: RealTracs MLS as distributed by MLS GRID #3056172 Report a problem
4/12/2018	Listed for sale	$62,500+196.9%$39/sqft
Source: Fast Track Realty, LLC #10024604 Report a problem
2/8/2018	Sold	$21,050+0.2%$13/sqft
Source: Public Record Report a problem
1/22/2018	Listed for sale	$21,000+35.5%$13/sqft
Source: Fast Track Realty, LLC #10018839 Report a problem
12/7/2015	Sold	$15,500-13.9%$10/sqft
Source: Public Record Report a problem
10/6/2015	Price change	$18,000-9.5%$11/sqft
Source: Fast Track Realty, LLC #9957996 Report a problem
9/2/2015	Price change	$19,900-35.8%$12/sqft
Source: Fast Track Realty, LLC #9957996 Report a problem
8/3/2015	Listed for sale	$31,000-6.6%$19/sqft
Source: Fast Track Realty #9957996 Report a problem
6/25/2015	Sold	$33,200-21.9%$20/sqft
Source: Public Record Report a problem
9/20/2013	Listing removed	$42,500$26/sqft
Source: RE/MAX REAL ESTATE EXPERTS #3272661 Report a problem
5/30/2013	Listed for sale	$42,500$26/sqft
Source: RE/MAX On Track #3272661 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,928 +161.6%	$55,560 +226.8%
2024	$1,120 +8.1%	$17,000
2023	$1,036	$17,000
2022	--	$17,000
2021	--	$17,000 +6%
2020	$513	$16,040
2019	$513 -21.1%	$16,040
2018	$650 -45.1%	$16,040
2017	$1,184 +102.9%	$16,040 -6.5%
2016	$583 +224.4%	$17,160
2014	$180	$17,160
2013	--	$17,160 +204.3%
2012	--	$5,640
2011	--	$5,640
2010	--	$5,640
2009	--	$5,640 -77.8%
2008	--	$25,360
2007	--	$25,360
2006	--	$25,360 +5.7%
2005	--	$24,000 +22.4%
2004	--	$19,600
2003	--	$19,600
2002	--	$19,600
2001	--	$19,600
2000	--	$19,600