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Pending
    • $117,000

    123 Loraine Rd, Memphis, TN 38109

    3beds
    1,084sqft
    : 
    Single Family Residence
    Built in 1972
    6,534 Square Feet Lot
    $-- Zestimate®
    $108/sqft
    $-- HOA

    What's special

    Newer dimensional roofUpdated electrical panelRenovated bathsSpacious denTile flooringNew led lightingKwikset smartkey exterior locks
    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.
    205 days
    |
    7
    |
    0
    |

    Zillow last checked: 7 hours ago

    Listing updated: November 20, 2025 at 08:51am

    Listed by:

    Heath F Gooch,

    STIXNBRIX 901-969-4578

    Source: MAAR,MLS#: 10204432MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 1
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Attic
      Primary bedroom
      • Features: Carpet
      • Level: First
      • Area: 120
      • Dimensions: 10 x 12
      Bedroom 2
      • Features: Shared Bath, Carpet
      • Level: First
      • Area: 110
      • Dimensions: 11 x 10
      Bedroom 3
      • Features: Shared Bath, Carpet
      • Level: First
      • Area: 100
      • Dimensions: 10 x 10
      Bedroom 4
      • Dimensions: 0 x 0
      Bedroom 5
      • Dimensions: 0 x 0
      Primary bathroom
      • Features: Tile Floor, Half Bath
      Dining room
      • Dimensions: 0 x 0
      Kitchen
      • Features: Updated/Renovated Kitchen, Eat-in Kitchen, W/D Connection in Kitchen
      • Area: 168
      • Dimensions: 12 x 14
      Living room
      • Features: Separate Den
      • Dimensions: 0 x 0
      Basement
      • Dimensions: 0 x 0
      Office
      • Dimensions: 0 x 0
      Bonus room
      • Dimensions: 0 x 0
      Den
      • Area: 198
      • Dimensions: 11 x 18
      Heating
      • Central, Natural Gas
      Cooling
      • 220 Wiring, Central Air
      Appliances
      • Included: Electric Water Heater, Range/Oven, Dishwasher
      Features
      • All Bedrooms Down, 1 or More BR Down, Primary Down, Renovated Bathroom, Full Bath Down, Half Bath Down, Textured Ceiling, Cable Wired, Storage, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
      • Flooring: Part Carpet, Tile, Vinyl
      • Windows: Aluminum Frames, Storm Window(s), Window Treatments
      • Attic: Pull Down Stairs,Attic Access
      • Has fireplace: No
      Interior area
      • Total interior livable area: 1,084 sqft

      Property

      Parking
      • Parking features: Driveway/Pad, Storage
      • Has uncovered spaces: Yes
      Features
      • Stories: 1
      • Patio & porch: Patio
      • Exterior features: Storage, Sidewalks
      • Has private pool: Yes
      • Pool features: Above Ground
      • Fencing: Chain Link,Chain Fence
      Lot
      • Size: 6,534 Square Feet
      • Dimensions: 60 x 115
      • Features: Level
      Details
      • Parcel number: 076127 00003

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional
      • Property subtype: Single Family Residence
      Materials
      • Brick Veneer
      • Foundation: Slab
      • Roof: Composition Shingles
      Condition
      • New construction: No
      • Year built: 1972

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Available

      Community & HOA

      Community
      • Security: Smoke Detector(s), Iron Door(s), Dead Bolt Lock(s)
      • Subdivision: Smith-turley Rev
      Location
      • Region: Memphis

      Financial & listing details

      • Price per square foot: $108/sqft
      • Tax assessed value: $106,600
      • Annual tax amount: $1,035
      • Price range: $117K - $117K
      • Date on market: 8/27/2025
      • Cumulative days on market: 155 days
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,180/mo

        Price history

        Price history
        DateEventPrice
        11/20/2025Pending sale$117,000$108/sqft
        Source: MAAR #10204432 Report a problem
        11/7/2025Price change$117,000-2.4%$108/sqft
        Source: MAAR #10204432 Report a problem
        10/16/2025Price change$119,900-4%$111/sqft
        Source: MAAR #10204432 Report a problem
        8/27/2025Listed for sale$124,900+24.9%$115/sqft
        Source: MAAR #10204432 Report a problem
        5/31/2022Sold$100,000+244.8%$92/sqft
        Source: Public Record Report a problem
        10/23/2018Sold$29,000-42%$27/sqft
        Source: Public Record Report a problem
        9/6/2018Listed for sale--
        Source: Auction.com Report a problem
        6/16/2016Listing removed--
        Source: Auction.com Report a problem
        4/19/2016Listed for sale--
        Source: Auction.com Report a problem
        2/12/2008Sold$50,000-3.1%$46/sqft
        Source: Public Record Report a problem
        4/20/2007Sold$51,610-31%$48/sqft
        Source: Public Record Report a problem
        2/13/2006Sold$74,800+88.8%$69/sqft
        Source: Public Record Report a problem
        7/2/2004Sold$39,620$37/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$1,405 +35.6%$26,650 +69.5%
        2024$1,036 +8.1%$15,725
        2023$958 $15,725
        2022-- $15,725
        2021-- $15,725 +24.1%
        2020$405 $12,675
        2019$405 -21.1%$12,675
        2018$513 -45.1%$12,675
        2017$936 +124.2%$12,675 +3.3%
        2016$417 -25.8%$12,275
        2014$563 $12,275
        2013-- $12,275 -30.5%
        2012-- $17,650
        2011-- $17,650
        2010-- $17,650
        2009-- $17,650 +26.8%
        2008-- $13,925
        2007-- $13,925
        2006-- $13,925
        2005-- $13,925 +7.9%
        2004-- $12,900
        2003-- $12,900
        2002-- $12,900
        2001-- $12,900 +10.3%
        2000-- $11,700

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $697/mo
        Principal & interest
        $603
        Property taxes
        $94
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          Climate risks

          Neighborhood: White Haven-Coro Lake

          Getting around

          13 / 100
          Car-Dependent
          25 / 100
          Some Transit
          33 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

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