Briscoe Ellett III

3540 Marion Ave

Memphis, TN
$ 138,900 Beds 4 Baths 2 Sq 1,405
Monthly Estimate* How much can I afford?

30k price reduction! Awesome opportunity available in Colonial Heights just moments from the University of Memphis. This four bedroom two bathroom home could make a great home, rental or flip! Priced below ARV! This property features low maintenance vinyl flooring, modern light fixtures, a true primary suite, a great looking roof, and a great back yard. Multiple properties available. Homes can be bought individually or in bulk. All homes are professionally managed. Most all of these are tenant occupied AND have value add upside. Many of these homes have had significant rehab done in the past few years. This could be an amazing opportunity. Do not approach or disturb tenants. No showigns without an accepted offer. No wholesale, creative finance or seller finance.

Single Family

  • Price
  • $ 138,900
  • City
  • Memphis
  • Bedrooms
  • 4
  • Full Bathrooms
  • 2
  • County
  • SHELBY
  • Half Bathrooms
  • 0
  • Area
  • Getwell-Park
  • Lot Size
  • 0.18 Acres
  • Zip
  • 38111
  • Sqr Footage
  • 1,405
  • Year Built
  • 1950
  • Taxes
  • $ 1873
  • Style
  • Traditional
  • MLS#
  • 10214825
Listed By: Crye-Leike, Inc., REALTORS
Data Source: Memphis MLS (MAAR)

Features

General

Heating Central
Cooling Window Unit(s)
Status Active
Full Baths 2
Legal Subdivision Name GOODMAN BROTHERS COLONIAL HEIGHTS
Style Traditional
Stories Count 1
County Shelby
Class Residential
Type Detached Single Family
Condo No
Area 758A
Parcel Number 046017 00041
Status Active
Annual City Tax 917
Annual County Tax 956
Sale/Rent For Sale
Area Getwell/Park
Service Type Full Service Listing
Neighborhood Association None
Year Built 1950
Directions Take Sam Cooper Blvd toward US-64/Sam Cooper Blvd/Summer Ave/US-70/US-79Take the Highland St exit,EXIT 7.. Turn left onto N Highland St. Turn
City Memphis
DOM 209

Interior Features

Living Room Pantry
Beds 4
Total Baths 2
Number of Rooms 4
Downstairs Bedrooms 4
FLOORS/CEILINGS Part Carpet

Exterior Features

Pool None
Lot 91
Lot Size Area 0.18
Lot Size 50X165
Parking Display No
Lot Description Level
PARKING/STORAGE Driveway/Pad
EXTERIOR/WINDOWS Wood/Composition
Misc. Exterior Other (See REMARKS)

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Memphis, TN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% 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.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

2/17/2026 Listed $175,000
3/3/2026 3% - $170,000
4/23/2026 18% - $140,000
7/14/2026 1% - $139,900
8/20/2026 1% - $138,900

Property vs Zip Code Average in 38111

Price
AVG $250K
$140K
Taxes
AVG $3,234
$1,873
Year Built
AVG 1953
1950
Visits
AVG 83
269
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

3540 Marion Ave Memphis, TN is a Single Family Home for sale at $138900 with 1405 sqft and a lot size of 0.18 Acres Acre(s). 3540 Marion Ave Memphis has 4 bedrooms, 2 baths and was built in 1950. The property's zip code is 38111 which is in Memphis, TN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Briscoe Ellett III

Briscoe Ellett III

901-282-9020

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