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Sold on 05/16/2018

2987 Elbert Dr, Memphis, TN 38127

$123,000

Last sold 05/16/2018 for $34K

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 2987 Elbert Dr

Property type Multi-family
Neighborhood
Year built 1973
HOA fee $0/month
Movoto estimate
Rental estimate
Property description
Nice duplex that is fully rented out. Both sides are rented. Nothing to do but collect rent! Great opportunity for a experienced or beginner investor. Roof is less than 6 years old. Property was renovated 3-4 years ago.
Listed by
Listing Agent - Tyler Tapley
Listing Office - Crye-Leike, Realtors
Source: RealTracs mls logo
MLS#3090939 • last updated 7 months ago
Movoto checked RealTracs for data 6 minutes ago
Overview
Cooling/AC Other
Heating Central
Levels/Style Duplex, Three Or More, 1
Type Residential Income
MLS # 3090939
Living Area Square Feet
Property Tax $ 1474
Year Built 1973
Interior
Flooring Carpet
Exterior
Location
Subdivision SCHOOLFIELD-ST ELMO
Directions TAKE FRAYSER BLVD AND GO NORTH ON SCHOOLFIELD, THEN RIGHT ON LAKE PARK THEN RIGHT ON ELBERT.
APN 72121 B00046
$123K
Range: $110K-$135K
Last 30 days 
Rental est.: $1,031/month
Gross rent multiplier: 2.7 - Excellent
  • Jan 2026
    mls logo MLS # 3090939
  • Jan 14, 2026 Listed
    $36,000 (+5.9%)
  • May 25, 2018 Sold
    $34,000 (-5.6%)
  • Apr 2017
    Public Records
  • Apr 17, 2017 Sold
    $36,000 (+80.9%)
  • Apr 2016
    Public Records
  • Apr 13, 2016 Sold
    $19,900
  • Apr 2016
    mls logo MLS # 9973635
  • Apr 11, 2016 Sold
    $19,900
  • Mar 22, 2016 Listed
    $19,900 (-60.6%)
  • Jun 2005
    Public Records
  • Jun 28, 2005 Sold
    $50,500
  • Year Property taxes Tax assessment
  • 2024
    $1,923 +84.4%
    $29,200 +70.56%
  • 2023
    $1,043
    $17,120
  • 2022
    $1,043 -15.9%
    $17,120
  • 2021
    $1,239 +6.4%
    $17,120 +6.47%
  • 2020
    $1,165 +126.7%
    $16,080
  • 2019
    $514 -21.1%
    $16,080
  • 2018
    $651 -45.1%
    $16,080
  • 2017
    $1,187 +84.1%
    $16,080 -15.19%
  • 2016
    $645 -22.2%
    $18,960
  • 2014
    $829 -13.9%
    —
  • 2011
    $962
    —
  • 2987 Elbert Dr
    $34K
  • Hawkins Mill Residents Associtaion
    $102K -39% y/y
  • 38127
    $99.9K -4% y/y
  • Memphis
    $168K -13% y/y
No chart available
Statistics calculated by Movoto

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3/10
Lucie E. Campbell Elementary School
public Grades PK, K-5
Shelby County Schools
3/10
Grandview Heights Middle
public Grades 6-8
Shelby County Schools
3/10
Trezevant High School
public Grades 9-12
Shelby County Schools
Source: GreatSchools.org © 2026. All rights reserved.

Around Hawkins Mill Residents Associtaion

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