$335,000
$5K PRICE DROP

285 Lucy Ave Memphis, TN 38106

South Memphis Neighborhood

Estimated payment $2,205/month

Total Views 7,901
8 Beds
-- Bath
2,500 Sq Ft
$134 Price per Sq Ft

About This Home

Tenant Occupied! Do not disturb tenants! Offers Contingent Upon Inspections. Grab this Renovated Quadplex! 2bed/1bath with 3 occupied Section 8 tenants and 1 vacant unit. Currently total rents are $2,930! This complex was renovated in 2023. Roof, Exterior & Interior painted, Updated Laminate Flooring, Renovated Kitchens & Baths, New Light Fixtures, Each Unit Has Mini Splits for Heating & Cooling. Professionally Managed (Lease, Ledgers, Maintenance History, & Pics at Request). Pictures of units are before tenants moved in. No wholesalers, assignments, or creative financing.

Listing Agent

Monica Bynum

Crye-Leike, Inc., REALTORS License #343193

Crye-Leike, Inc., REALTORS

Co-Listing Agent

Tyler Tapley

Crye-Leike, Inc., REALTORS License #296080

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1960

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50 x 125
  • Partially Fenced Property

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 2,500 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring
  • Washer and Dryer Hookup

Utilities

  • Mini Split Air Conditioners
  • Mini Split Heat Pump

Community Details

  • Latham & Simpson Subdivision

Listing and Financial Details

  • Section 8 Allowed
  • Assessor Parcel Number 013023 00005

Home Details

Home Type

Single Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Fourplex
  • MLS Map #: 747B
  • MAAR Subdivision Name: LATHAM & SIMPSON
  • Freestanding: Yes
  • Number Of Stories: 2
  • Price Per Sq Ft: 2392857.14
  • Estimated Sq Ft: 2500
  • Year Built: 1960
  • Construction: Brick
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Floors/Ceilings: Wood Laminate Floors

Exterior Features

  • Foundation: Slab
  • Roof: Shingle/Shake
  • Miscellaneous Exterior: Sidewalks, Partically Fenced

Garage/Parking

  • Parking Facility: Attached, Concrete

Utilities

  • Hot Water: Public Sewer, Public Water
  • Cooling Systems: Individual Cooling
  • Heating Systems: Individual Systems
  • Laundry: Connections

Lot Info

  • Lot Number: 61TO63
  • Acreage: 0.14
  • Lot Size: 50 X 125
  • Price Per Acre: 2392857
  • Geo Subdivision: TN

Rental Info

  • Tenant Pays: All Utilities
  • Type Of Leases: Subsidized Rents, Year

Tax Info

  • Assessor Parcel Number: 013023 00005

Multi Family

  • Perc Occ: 90
  • Total Number Of Units: 4
  • Number2 Bedroom Units: 4
  • Type of Unit: 2 BR - 1 Bath

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2025 04/08/25 Price Changed $335,000 -1.5% $134 / Sq Ft
02/17/2025 02/17/25 For Sale $340,000 0.0% $136 / Sq Ft
10/11/2023 10/11/23 Sold $340,000 0.0% $136 / Sq Ft
09/27/2023 09/27/23 Pending -- -- --
09/27/2023 09/27/23 For Sale $340,000 +608.3% $136 / Sq Ft
09/04/2020 09/04/20 Sold $48,000 +17.1% $19 / Sq Ft
08/06/2020 08/06/20 Pending -- -- --
08/05/2020 08/05/20 For Sale $41,000 0.0% $16 / Sq Ft
07/27/2020 07/27/20 Pending -- -- --
07/23/2020 07/23/20 For Sale $41,000 0.0% $16 / Sq Ft
06/17/2020 06/17/20 Pending -- -- --
06/11/2020 06/11/20 For Sale $41,000 -- $16 / Sq Ft
Source: Memphis Area Association of REALTORS®

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Source: Memphis Area Association of REALTORS®

MLS Number: 10190234

Memphis Area Association of REALTORS®

Tennessee Shelby County Memphis 38106 South Memphis

285 Lucy Ave, Memphis, TN

Homes for Sale in Memphis, TN

This home is located at 285 Lucy Ave, Memphis, TN 38106 and is currently priced at $335,000, approximately $134 per square foot. This property was built in 1960. 285 Lucy Ave is a home located in Shelby County with nearby schools including A. B. Hill Elementary School, Riverview Middle School, and Hamilton High School.

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Memphis Area Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Some or all of the listings displayed may not belong to the firm whose website is being visited. Copyright© 2025 Memphis Area Association of REALTORS®.

Monica Bynum
Listing Agent
Monica Bynum
Section Image
Crye-Leike, Inc., REALTORS
(901) 883-6180