1283 E Raines Rd

Memphis, TN 38116

$1,236,000
Price
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Baths
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a view of a brick building with a window
a view of a brick house with a door
wooden floor in an empty room with a window
a view of an empty room with a window and wooden floor
wooden floor in an empty room with a kitchen
a kitchen with granite countertop cabinets and utility
an empty room with a window and a fan
an empty room with a window
an empty room with wooden floor ceiling fan and window
a bathroom with a granite countertop sink a toilet and shower

Description

1283 e. Raines is a 16-unit opportunity featuring 12 two-bedroom units and 4 one-bedroom units. The property offers central heating and air along with stoves and refrigerators in units. Conveniently situated just minutes from FedEx, UPS, the Memphis International Airport, and Graceland, the location benefits from strong employment drivers and steady rental demand. The scheduled monthly rents are 12895/mo. Please do not disturb residents, drive by only.1283 e. Raines is a 16-unit opportunity featuring 12 two-bedroom units and 4 one-bedroom units. The property offers central heating and air along with stoves and refrigerators in units. Conveniently situated just minutes from FedEx, UPS, the Memphis International Airport, and Graceland, the location benefits from strong employment drivers and steady rental demand. The scheduled monthly rents are 12895/mo. Please do not disturb residents, drive by only.
  1. Listed by Jeffrey Moore • Crye-Leike Commercial

Property Details for 1283 East Raines Road

Area
768A
MAAR Subdivision Name
WHITEHAVEN 1ST ADD
Legal Subdivision Name
WHITEHAVEN 1ST ADDN
LISTING UPDATED: 05/27/2026 11:14 AM

Property Details for 1283 East Raines Road

StatusActive
MLS #10221886
Days on Market15
Taxes$19,192 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / Apartment Building
Year Built1964
Lot Size0.50 AC / 21,700 SF
CountyShelby County
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Location

Listing Courtesy of Crye-Leike Commercial
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Building Information for 1283 East Raines Road

Stories2Residences16Year Built1964Building Size-Lot Size0.50 AC / 21,700 SF

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$7,758 per month

30 year fixed, 6.36% Interest

Principal and Interest

$6,159

Property Taxes

$1,599

HOA Dues

$0

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Property Information for 1283 East Raines Road

Summary
Location and General Information
  • Address: 1283 E RAINES AVE
  • Address Search Number: 1283
  • Directions: Take Raines (W) past Millbranch to 1283 E. Raines
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Geo Quality: .95
  • Geo Update Timestamp: 05-18-2026
  • Geo Zoom Level: 18.00
  • Map Coordinate: A
  • MLS Map Num: Whitehaven/Southland Mall
Taxes and HOA Information
  • Hot Water: Electrical
  • LVT Date: 05-18-2026
  • Annual Insurance Expenses: $8,300
Property
Lot Information
  • Lot Size: 100X217
  • Lot Num: 5
  • Parcel ID: 079002 00006
Property and Assessments
  • Foundation: Slab
  • Percent Occupancy: 75
  • Service Type: Full Service Listing
Interior and Exterior Features
Exterior Features
  • Roof: Composition
Interior Features
  • Appliances / Equipment: Refrigerator, Range/Oven (Built-In), Dishwasher
  • Floors/Ceilings: Wood Laminate Floors
Multi Family
Multi-Family Information
  • Num of 1 Bedroom Units: 4
  • Num of 2 Bedroom Units: 12
  • Num of 3 Bedroom Units: 0
  • Num of Efficiency Studio Units: 0
  • Num of Buildings: 1
  • Num Other Units: 0
  • Assumption: No Assumption
  • Average Annual Utilities: $3,600
  • Construction: Brick/Veneer, Wood/Composition
  • Cooling Systems: Central
  • Existing Financing: Conventional Adjustable
  • Gross Potential Annl Rent: $166,080
  • Heating Systems: Central
  • Improved Sqft: 14216
  • Land Sqft: 21649
  • Laundry: None
  • Leaseable Sqft: 14216
  • Operating Expenses: Management, Insurance, Some Utilities, Repairs/Maintenance, Taxes
  • Parking Facility: Asphalt/Blacktop
  • Possession: Tenants Rights
  • Sale Includes: Building and Land
  • Source Of Info: Owner
  • Tenant Pays: Some Utilities
  • Type Units: 1 BR - 1 Bath, 2 BR - 1 Bath

Property History for 1283 East Raines Road

DateEvent & SourcePriceAppreciation
May 18, 2026

Listed (Active)

MAARMLS #10221886

$1,236,000—
Aug 15, 2024

Sold (Public Record)

Public Record #1538677813

$912,000

+11.8% / yr

Aug 15, 2024

Sold

MAARMLS #10169238

$912,000—
DateEvent & SourcePrice
05/18/2026

Listed (Active)

MAARMLS #10221886

$1,236,000
08/15/2024

Sold (Public Record)

Public Record #1538677813

$912,000

+11.8% / yr

08/15/2024

Sold

MAARMLS #10169238

$912,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1283 East Raines Road

Taxable ValueLand$9,760Additions$354,360Total$364,120
Tax Record2024$23,979 ($1,998 / month)
Home Facts
Baths1Total Finished SqFt14,216 SqFtAbove Grade Finished SqFt14,216 SqFtStories1Lot Size21,649 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningRU-3CountySHELBYAPN079-002- - -00006Fireplace TypeHas Fireplace

Schools near 1283 East Raines Road

This home is within Shelby County Schools.
Rating
School
Type
Grades
Distance
Robert R. Church Elementary School
Public - PK to 5
A. Maceo Walker Middle School
Public - 6 to 8
Hillcrest High School
Charter - 9 to 12
Freedom Preparatory Academy Charter Schools
Charter - 6 to 12
Rating
School
Distance
Robert R. Church Elementary School
PublicPK to 5

A. Maceo Walker Middle School
Public6 to 8

Hillcrest High School
Charter9 to 12

Freedom Preparatory Academy Charter Schools
Charter6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1283 East Raines Road, Memphis, TN 38116

1283 East Raines Road is a multi-family home for sale in Memphis, TN 38116. This property was listed for sale on May 18, 2026 by Crye-Leike Commercial, it's currently listed at $1,236,000. It has been on the market for a total of 15 days and was last sold on August 15, 2024. This listing's school district is Shelby County Schools. Nearby schools include Robert R. Church Elementary School, A. Maceo Walker Middle School and Hillcrest High School. 1283 East Raines Road is a 0-bed, 0-bath, multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Crye-Leike Commercial

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Services of MAAR and Central West Tennessee Association of Realtors. IDX information is provided exclusively 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. Listings provided by brokerages other than Compass are identified with the MAAR and Central West Tennessee Association of Realtors logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by MAAR and Central West Tennessee Association of Realtors. Listing information Copyright© 2026 MLS of MAAR and Central West Tennessee Association of Realtors, Inc. All Rights Reserved.