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123 LORAINE RD Memphis, TN $ 117,000
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$ 117,000 Get more info
123 LORAINE RD
$ 117,000
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123 LORAINE RD

Memphis, TN, 38109
$ 117,000
Bedrooms3 Baths1.1 Sq 1,084

Monthly Estimate*

$ 730

123 LORAINE RD, Memphis, TN 38109 - Image 1

Single Family Home for sale in Memphis, TN

for $117,000 with 3 bedrooms and 1 full bath, 1 half bath. This 1,084 square foot home was built in 1972 on a lot size of 0.15.

Investor opportunity in a strong rental market! This all-brick, low-maintenance, charming 3-bedroom, 1.5-bath home offers 1,080 sq. ft. of living space on a fenced 0.15-acre lot. Features include central heat and air, newer dimensional roof, updated electrical panel with room to expand, new thermostat, Kwikset SmartKey exterior locks, new LED lighting throughout, new switches/outlets/GFIs, and updated exterior lights. Interior highlights include a spacious den, large kitchen with ample cabinets and breakfast area, and renovated baths with tile flooring, new toilets, and updated venting. Bedrooms feature carpet, while common areas have tile flooring. Recent upgrades provide reduced maintenance and long-term value. Currently tenant-occupied with a long-term resident paying $1,150/month (month-to-month lease; market rent ~$1,300/month). Low-maintenance, income-producing property ideal for buy-and-hold investors seeking stable cash flow and future upside. Do not disturb the tenant.

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Single Family Pending

Price

$ 117,000

Bedrooms

3

Full Bath

1

Half Bath

1

Property Type

Single Family

Taxes

$ 1,035

Style

Traditional

Lot Size

0.15

Year Built

1972

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10204432
Features
General
Heating Central Gas
Cooling Central 220 Wiring
Roof Composition Shingles
Fireplaces 0
Status Pending Pending
Full Baths 1
Half Baths 1
Other Rooms Attic Storage Room
Legal Subdivision Name SMITH-TURLEY REV
Style Traditional
Stories Count 1
County Shelby
Class Residential
Type Detached Single Family
Area 767C Whitehaven/Fairley
Parcel Number 076127 00003
Sale/Rent For Sale
Status Detail 0
Year Built 1972
Directions Take Shelby Drive to Neely. Turn South. Turn right on Loraine.
City Memphis
DOM 79
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Interior
Living Room Separate Den Updated/Renovated Kitchen Eat-In Kitchen W/D Connection in Kitchen Vinyl/Luxury Vinyl Floor
Kitchen Dimensions 14x12
Beds 3
Total Baths 1.1
Number of Rooms 5
Heated SqFt 1000-1199
Downstairs Bedrooms 3
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Exterior
Foundation Slab
Pool Above Ground
Lot 460
Lot Size Area 0.15
Water & Sewer Electric Water Heater Public Water Public Sewer
Lot Size 60X115
Lot Description Level Chain Fenced
Misc. Exterior Patio Chain Fence Storage Sidewalks
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* Excluded Features
List By
Stixnbrix

Broker

Affordability Calculator

$816
Per Month
89%
11%
0%
Monthly Principal & Interest
$730
Monthly Property Taxes
$86
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
460623 Elementary School
460624 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/7/2025$117,000 -2.42% Price Down
10/16/2025$119,900 -4.00% Price Down
8/27/2025$124,900 Listed Price

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123 LORAINE RD, Memphis, TN, 38109 is a Single Family Home for sale at $117,000 with 1,084 sqft and a lot size of 0.15. 123 LORAINE RD has 3 bedrooms, 1.1 baths, and was built in 1972. The property's zip code is 38109 which is in Memphis, TN

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