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2012 CARNES AVE Memphis, TN $ 254,900
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2012 CARNES AVE
$ 254,900
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2012 CARNES AVE

Memphis, TN, 38114
$ 254,900
Baths0.0 Sq 3,486

Monthly Estimate*

$ 1,569

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Studio

Multi-Family Home for sale in Memphis, TN

for $254,900. This 3,486 square foot home was built in 1925.

Located in a solid rental area, this 4-plex property offers excellent income potential. The property features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, making it a versatile addition to any investment portfolio. One of the 2-bedroom units was previously rented to a Section 8 tenant for $945 per month, demonstrating strong rental demand. With full occupancy, this property has the potential to generate $3,200+ in monthly income. Conveniently situated near Downtown Memphis, Midtown, and major freeway access, this property provides easy access to dining, shopping, and employment centers. Don’t miss this great opportunity to own an income-producing multi-family property!

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Multi-Family Active

Price

$ 254,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,534

Style

Quadruplex

Year Built

1925

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

3129745
Features
General
Living Area 3486
Cooling Gas
Possession Immediate
Roof Other
Construction Materials Brick
Year Built 1925
Tenant Pays Electricity Water Gas
Stories Count 2
Levels Three Or More
County Shelby County TN
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name FLOWER GARDEN
Status Active
Buyer Financing Conventional
Directions From Airways and Lamar west on Lamar towards S Parkway E right on Carnes Ave property is on the left
City Memphis
Senior Community Y/N N
Number Of Units Total 4
Lot Size Units Acres
Property Attached Y/N Y
Tax Annual Amount 2534
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
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Interior
Flooring Wood Tile
Air Conditioning Y/N Y
Heating Y/N N
Laundry Features Individual
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
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Exterior
Total Parking 0
Building Area Total 3486
Lot Dimensions 50 X 130.5
Waterfront Y/N N
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Internal Only
Street Number 1 2012
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* Excluded Features
List By
Resiamerica Inc

Broker

chrismosby@gmail.com

Email

Affordability Calculator

$1,781
Per Month
88%
12%
0%
Monthly Principal & Interest
$1,569
Monthly Property Taxes
$211
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
245588 Elementary School
245705 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/13/2026$254,900 Listed Price

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2012 CARNES AVE, Memphis, TN, 38114 is a Multi-Family Home for sale at $254,900 with 3,486 sqft. 2012 CARNES AVE is a studio with 0.0 baths and was built in 1925. The property's zip code is 38114 which is in Memphis, TN

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