Building Details

Year built 1912

Listing Agency: C21 Patterson & Assoc. Real Es T***@PattersonHomes.RealEstate Show Phone

Listed By: Christopher Batts · License #345922 Show Phone

Added: Sep 28, 2025 Changed: May 28 Last Checked: Aug 10 at 10:06AM

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MLS# 10206608

Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This is a well-kept 10-bedroom rooming house. The property is currently vacant, but the sellers report having tenants on standby. The property is located in Memphis, Tennessee. The building has a size of 3301 square feet.

Key Highlights

• 10 Bedroom Rooming House
• Currently Vacant
• Tenants on Stand By

Property Analytics

Property Profile

Current Use

Residential income properties

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Gym & Fitness Center HVAC Service Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

536

Businesses Nearby

Explore this area Business Placement

Demographics for 38126, TN

5,717

Population

3,260

Households

1.8

Avg Household Size

32

Median Age

14%

College-Educated

82%

High-School Grad

1.9 sq mi

ZIP Area

3,009

Density / Sq Mi

$30,825

Median Household Income

$32,396

Median Earnings

$794

Median Rent

$59,000

Median Home Value

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Residential income property - Well-kept 10-bedroom rooming house in Memphis, Tennessee.

Where is this residential income property located?

The property is located at 488 LACLEDE Ave Memphis, TN.

What is the asking price?

The asking price for this property is $172,000.

What are key features of this property?

This property features: 10 Bedroom Rooming House; Currently Vacant; Tenants on Stand By