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3062 PARK AVE Memphis, TN $ 325,000
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3062 PARK AVE
$ 325,000
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3062 PARK AVE

Memphis, TN, 38111
$ 325,000
Bedrooms5 Baths4.0 Sq 3,178

Monthly Estimate*

$ 2,245

3062 PARK AVE, Memphis, TN 38111 - Image 1
3062 PARK AVE, Memphis, TN 38111 - Image 2

Multi-Family Home for sale in Memphis, TN

for $325,000 with 5 bedrooms and 4 full baths. This 3,178 square foot home was built in 1940.

Excellent investment opportunity with this 4 plex that is 100% occupied with extremely low turnover. All units have central HVAC. Sewer line, water line, and two of the four water heaters have been replaced in the last two years. 1 two bed/1 bath unit downstairs, and 2 1 bed/1 bath units upstairs. Rents are $3,100/month. Owner pays for water. Owner agent.

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Multi-Family Active

Price

$ 325,000

Bedrooms

5

Full Bath

4

Property Type

Multi-Family

Taxes

$ 4,197

Style

Converted House

Year Built

1940

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10231873
Features
General
Roof Composition
Construction Wood/Composition
Status Active Active
Legal Subdivision Name PARK AVE TERRACE
Stories Count 2
County Shelby
Class Multi-Family
Laundry Y/N None
Type Converted House
Area 757B Pendleton/Park
Parcel Number 045078 00054
Sale/Rent For Sale
Status Detail 0
Year Built 1940
Directions From Highland and Park head West on Park. The property will be on the right.
City Memphis
DOM 2
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Exterior
Foundation Conventional/Crawl Space
Lot N PT 6
Number of Buildings 1
Lot Size 50X164
Parking Facility Attached Concrete
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Interior
Hot Water Gas
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* Excluded Features
List By
Crestcore Realty Mphsbrokerage

Broker

Affordability Calculator

$2,594
Per Month
87%
13%
0%
Monthly Principal & Interest
$2,245
Monthly Property Taxes
$350
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
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Pricing History
DatePricePrice ChangeDescription
10/6/2026$325,000 Listed Price

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3062 PARK AVE, Memphis, TN, 38111 is a Multi-Family Home for sale at $325,000 with 3,178 sqft. 3062 PARK AVE has 5 bedrooms, 4.0 baths, and was built in 1940. The property's zip code is 38111 which is in Memphis, TN

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