Now Priced: $179,900 (AS-IS). This home is a great investor opportunity or value-add primary home under $180K in the high rental demand area of 38115. This 3-bedroom, 2-bathrooms home offers over 1,700 sq ft of living space, featuring an open-concept layout with a living room, den, and dining area—ideal for both renovation resale or long-term rental strategy. Major update already completed, including a newer roof, allowing investors or savvy buyers to focus primarily on cosmetic improvements. Located in a high-demand rental pocket of 38115, this property presents a strong income-producing opportunity with projected rental rates between $1,400–$1,600/month. The large fenced backyard with patio. Cash offers and Conventional loans only. Don’t miss this opportunity to add to your portfolio! Seller agrees to offer $2,000 seller credit to buyer with reasonable offer. Additional photos are available upon request. **PROOF OF FUNDS ARE REQUIRED WITH ALL OFFERS.**
For sale
Price cut: $3.1K (3/25)
$179,900
5542 Knight Arnold Rd, Memphis, TN 38115
3beds
1,711sqft
Est.:
Single Family Residence
Built in 1968
0.3 Acres Lot
$174,600 Zestimate®
$105/sqft
$-- HOA
What's special
Newer roofOpen-concept layoutDining area
- 68 days |
- 1,049 |
- 50 |
Zillow last checked: 7 hours ago
Listing updated: March 25, 2026 at 10:47am
Listed by:
Sheena M Taylor,
Keller Williams 901-261-7900
Source: MAAR,MLS#: 10213131
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Dimensions: 0 x 0
Dining room
- Features: Separate Dining Room
- Dimensions: 0 x 0
Kitchen
- Features: Pantry, Washer/Dryer Connections
Living room
- Features: Separate Living Room, Separate Den
- Dimensions: 0 x 0
Den
- Dimensions: 0 x 0
Heating
- Central
Cooling
- Central Air
Features
- All Bedrooms Down, Full Bath Down, Half Bath Down, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
- Flooring: Part Hardwood, Tile
- Number of fireplaces: 1
Interior area
- Total interior livable area: 1,711 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway/Pad, Garage Door Opener, Garage Faces Front
- Has garage: Yes
- Covered spaces: 2
- Has uncovered spaces: Yes
Features
- Stories: 1
- Patio & porch: Patio
- Pool features: None
- Fencing: Wood Fence
Lot
- Size: 0.3 Acres
- Dimensions: 80 x 164
- Features: Level
Details
- Parcel number: 07407600023
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Brick Veneer
Condition
- New construction: No
- Year built: 1968
Community & HOA
Community
- Subdivision: Fox Meadows Blk D
Location
- Region: Memphis
Financial & listing details
- Price per square foot: $105/sqft
- Tax assessed value: $207,200
- Annual tax amount: $273,028
- Price range: $179.9K - $179.9K
- Date on market: 1/19/2026
- Cumulative days on market: 71 days
- Listing terms: Conventional,Other (See REMARKS)
Estimated market value
$174,600
$166,000 - $183,000
$1,420/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/25/2026 | Price change | $179,900-1.7%$105/sqft |
Source:  MAAR #10213131 Report a problem | ||
| 2/2/2026 | Price change | $183,000-3.2%$107/sqft |
Source: MAAR #10213131 Report a problem | ||
| 1/19/2026 | Listed for sale | $189,000+35.1%$110/sqft |
Source: MAAR #10213131 Report a problem | ||
| 6/19/2020 | Sold | $139,900+7.7%$82/sqft |
Source: MAAR #10074979 Report a problem | ||
| 4/20/2020 | Listed for sale | $129,900+30%$76/sqft |
Source: Marathon REALTORS, LLC #10074979 Report a problem | ||
| 5/29/2019 | Listing removed | $1,150$1/sqft |
Source: Marathon Management, LLC Report a problem | ||
| 5/14/2019 | Listed for rent | $1,150+5%$1/sqft |
Source: Marathon Management, LLC Report a problem | ||
| 8/29/2017 | Sold | $99,900+40.7%$58/sqft |
Source: Public Record Report a problem | ||
| 7/7/2017 | Listing removed | $1,095$1/sqft |
Source: Marathon Management, LLC Report a problem | ||
| 6/21/2017 | Listed for rent | $1,095$1/sqft |
Source: Marathon Management, LLC Report a problem | ||
| 6/7/2017 | Sold | $71,000$41/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,730 +27.5% | $51,800 +59.3% |
| 2024 | $2,142 +8.1% | $32,525 |
| 2023 | $1,981 | $32,525 |
| 2022 | -- | $32,525 |
| 2021 | -- | $32,525 +35.1% |
| 2020 | $769 | $24,075 |
| 2019 | $769 -21.1% | $24,075 |
| 2018 | $975 -37.4% | $24,075 +14.1% |
| 2017 | $1,557 +125.7% | $21,100 +3.9% |
| 2016 | $690 -25.9% | $20,300 |
| 2014 | $931 | $20,300 |
| 2013 | -- | $20,300 -30.5% |
| 2012 | -- | $29,200 |
| 2011 | -- | $29,200 |
| 2010 | -- | $29,200 |
| 2009 | -- | $29,200 +16.8% |
| 2008 | -- | $25,000 |
| 2007 | -- | $25,000 |
| 2006 | -- | $25,000 -9.4% |
| 2005 | -- | $27,600 +16.1% |
| 2004 | -- | $23,775 |
| 2003 | -- | $23,775 |
| 2002 | -- | $23,775 |
| 2001 | -- | $23,775 +16.7% |
| 2000 | -- | $20,375 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,057/mo
Principal & interest
$913
Property taxes
$144
More affordability tools
Climate risks
Neighborhood: Hickory Ridge-South Riverdale
Nearby schools
GreatSchools rating
- 5/10Fox Meadows Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 6/10Compass Community School Hickory Hill CampusGrades: K-8Distance: 0.7 mi
- 2/10Wooddale High SchoolGrades: 9-12Distance: 0.8 mi
Local experts in 38115
- Tennessee
- Shelby County
- Memphis
- 38115
- Hickory Ridge-South Riverdale
- 5542 Knight Arnold Rd
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