285 Lucy Ave

$315,000
Price
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Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

Tenant Occupied! Do not disturb tenants! Offers Contingent Upon Inspections. Grab this Renovated Quadplex! 2bed/1bath with 2 occupied Section 8 tenants and 2 vacant units. Two occupied units rented at $1050. This complex was renovated in 2023. Roof, Exterior & Interior painted, Updated Laminate Flooring, Renovated Kitchens & Baths, New Light Fixtures, Each Unit Has Mini Splits for Heating & Cooling. Professionally Managed (Lease, Ledgers, Maintenance History, & Pics at Request). Pictures of units...Tenant Occupied! Do not disturb tenants! Offers Contingent Upon Inspections. Grab this Renovated Quadplex! 2bed/1bath with 2 occupied Section 8 tenants and 2 vacant units. Two occupied units rented at $1050. This complex was renovated in 2023. Roof, Exterior & Interior painted, Updated Laminate Flooring, Renovated Kitchens & Baths, New Light Fixtures, Each Unit Has Mini Splits for Heating & Cooling. Professionally Managed (Lease, Ledgers, Maintenance History, & Pics at Request). Pictures of units are before tenants moved in. No wholesalers, assignments, or creative financing.

Property Details for 285 Lucy Avenue

Area
747B
MAAR Subdivision Name
LATHAM & SIMPSON
Legal Subdivision Name
LATHAM & SIMPSON
LISTING UPDATED: 12/23/2025 04:36 PM

Property Details for 285 Lucy Avenue

StatusActive
MLS #10190234
Days on Market197
Taxes$819 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fourplex
Year Built1960
Lot Size0.14 AC / 6,250 SF
CountyShelby County

Location

Listing Courtesy of Crye-Leike, Inc., REALTORS
Add your commute

Building Information for 285 Lucy Avenue

Stories2Residences4Year Built1960Building Size-Lot Size0.14 AC / 6,250 SF

Payment Calculator

$1,625 per month

30 year fixed, 6.28% Interest

Principal and Interest

$1,557

Property Taxes

$68

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 285 Lucy Avenue

Summary
Location and General Information
  • Address: 285 LUCY AVE
  • Address Search Number: 285
  • Directions: West on S Parkway, right on Latham, and left on Lucy. The complex is on the left.
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Geo Quality: .95
  • Geo Update Timestamp: 02-17-2025
  • Geo Zoom Level: 16.00
  • Map Coordinate: B
  • MLS Map Num: South Memphis/61 Hwy
Taxes and HOA Information
  • Hot Water: Public Sewer, Public Water
  • LVT Date: 02-17-2025
  • Annual Insurance Expenses: $3,300
Property
Lot Information
  • Lot Size: 50 X 125
  • Lot Num: 61TO63
  • Parcel ID: 013023 00005
Property and Assessments
  • Foundation: Slab
  • Percent Occupancy: 90
  • Service Type: Full Service Listing
Interior and Exterior Features
Exterior Features
  • Roof: Shingle/Shake
Interior Features
  • Floors/Ceilings: Wood Laminate Floors
Multi Family
Multi-Family Information
  • Num of 1 Bedroom Units: 0
  • Num of 2 Bedroom Units: 4
  • Num of 3 Bedroom Units: 0
  • Num of Efficiency Studio Units: 0
  • Num of Buildings: 1
  • Num Other Units: 0
  • Assumption: No Assumption
  • Construction: Brick
  • Cooling Systems: Individual Cooling
  • Existing Financing: Other (See REMARKS)
  • Heating Systems: Individual Systems
  • Laundry: Connections
  • Miscellaneous Exterior: Sidewalks, Partically Fenced
  • Operating Expenses: Management, Repairs/Maintenance, Some Utilities, Taxes
  • Parking Facility: Attached, Concrete
  • Possession: At Closing, Tenants Rights
  • Sale Includes: Building and Land
  • Source Of Info: Leases, Rent Roll
  • Tenant Pays: All Utilities
  • Type Units: 2 BR - 1 Bath

Property History for 285 Lucy Avenue

DateEvent & SourcePriceAppreciation
Nov 11, 2025

Listed (Active)

MAARMLS #10190234

—
Nov 8, 2025

Contract Signed

MAARMLS #10190234

—
Oct 6, 2025

Price Change

MAARMLS #10190234

$315,000—
Aug 18, 2025

Price Change

MAARMLS #10190234

$329,000—
Aug 17, 2025

Listed (Active)

MAARMLS #10190234

—
Apr 30, 2025

Contract Signed

MAARMLS #10190234

—
Apr 8, 2025

Price Change

MAARMLS #10190234

$335,000—
Feb 17, 2025

Price Change

MAARMLS #10190234

$340,000—
Feb 17, 2025

Price Change

MAARMLS #10190234

$335,000—
Feb 17, 2025

Price Change

MAARMLS #10190234

$329,000—
Feb 17, 2025

Listed (Active)

MAARMLS #10190234

$315,000—
Oct 11, 2023

Sold

MAARMLS #10157648

$340,000—
Sep 27, 2023

Contract Signed

MAARMLS #10157648

—
Sep 27, 2023

Listed (Active)

MAARMLS #10157648

$340,000—
Sep 10, 2023

Sold (Public Record)

Public Record #1520304328

$340,000

+2556.6% / yr

Apr 21, 2023

Sold (Public Record)

Public Record #1511095481

$95,000

+29.6% / yr

Sep 4, 2020

Sold

MAARMLS #10078342

$48,000—
Sep 2, 2020

Sold (Public Record)

Public Record #1406404478

$48,000—
Sep 2, 2020

Sold (Public Record)

Public Record #678064065

$48,000—
Jun 17, 2020

Contract Signed

MAARMLS #10078342

—
Jun 11, 2020

Listed (Active)

MAARMLS #10078342

$41,000—
DateEvent & SourcePrice
11/11/2025

Listed (Active)

MAARMLS #10190234

—
11/08/2025

Contract Signed

MAARMLS #10190234

—
10/06/2025

Price Change

MAARMLS #10190234

$315,000
08/18/2025

Price Change

MAARMLS #10190234

$329,000
08/17/2025

Listed (Active)

MAARMLS #10190234

—
04/30/2025

Contract Signed

MAARMLS #10190234

—
04/08/2025

Price Change

MAARMLS #10190234

$335,000
02/17/2025

Price Change

MAARMLS #10190234

$340,000
02/17/2025

Price Change

MAARMLS #10190234

$335,000
02/17/2025

Price Change

MAARMLS #10190234

$329,000
02/17/2025

Listed (Active)

MAARMLS #10190234

$315,000
10/11/2023

Sold

MAARMLS #10157648

$340,000
09/27/2023

Contract Signed

MAARMLS #10157648

—
09/27/2023

Listed (Active)

MAARMLS #10157648

$340,000
09/10/2023

Sold (Public Record)

Public Record #1520304328

$340,000

+2556.6% / yr

04/21/2023

Sold (Public Record)

Public Record #1511095481

$95,000

+29.6% / yr

09/04/2020

Sold

MAARMLS #10078342

$48,000
09/02/2020

Sold (Public Record)

Public Record #1406404478

$48,000
09/02/2020

Sold (Public Record)

Public Record #678064065

$48,000
06/17/2020

Contract Signed

MAARMLS #10078342

—
06/11/2020

Listed (Active)

MAARMLS #10078342

$41,000

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

Public Records for 285 Lucy Avenue

Taxable ValueLand$4,080Additions$45,400Total$49,480
Tax Record2024$3,258 ($272 / month)
Home Facts
Baths1Total Finished SqFt2,500 SqFtAbove Grade Finished SqFt2,500 SqFtStories1Lot Size6,229 SqFtStyleMulti-Family Res (5+ Units)Year Built1960Year Renovated1995ZoningR-6CountySHELBYAPN013-023- - -00005Fireplace TypeHas Fireplace

Schools near 285 Lucy Avenue

This home is within Shelby County Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
A B Hill Elementary School
PublicPK to 5

Riverview Middle School
PublicPK to 8

Hamilton High School
Public9 to 12

Memphis School of Excellence Cordova
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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285 Lucy Avenue is a multi-family home for sale in Memphis, TN 38106. This property was listed for sale on February 17, 2025 by Crye-Leike, Inc., REALTORS, it's currently listed at $315,000. It has been on the market for a total of 197 days and was last sold on October 11, 2023. This listing's school district is Shelby County Schools. Nearby schools include A B Hill Elementary School, Riverview Middle School and Hamilton High School. 285 Lucy Avenue is a 0-bed, 0-bath, multi-family home built in 1960.

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, Inc., REALTORS

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© 2025 MLS of MAAR and Central West Tennessee Association of Realtors, Inc. All Rights Reserved.