Last Sold Price
6 beds4 baths2,506 sqft$78/sqft
3585-3587 Fox Meadows Rd, Memphis, TN 38115

Description

Introducing a remarkable investment opportunity in Memphis TN! This duplex features 6 beds & 4 baths. Priced competitively, this property boasts a gross rental income of $2,195. The right side is rented for $1395/month until 7/31/2026 & the left side is month to month at $800/month! This excellent duplex is poised for cashflow! With the potential to increase the rent on the left side to match the right, this property already exceeds the 1% rule even before reaching $2790 in potential gross rent!Introducing a remarkable investment opportunity in Memphis TN! This duplex features 6 beds & 4 baths. Priced competitively, this property boasts a gross rental income of $2,195. The right side is rented for $1395/month until 7/31/2026 & the left side is month to month at $800/month! This excellent duplex is poised for cashflow! With the potential to increase the rent on the left side to match the right, this property already exceeds the 1% rule even before reaching $2790 in potential gross rent!
LISTING CLOSED: 08/16/2024 12:00 AM

  1. Listed by Jordan Ray • eXp Realty, LLC

Property Details for 3585-3587 Fox Meadows Road

Status
MLS #
10176769
Days on Market
7
Taxes
$2,103 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Duplexes / Built as Duplex
Year Built
1970
Lot Size
0.29 AC / 12,600 SF
Area
784D
Style
Traditional
Parking
Driveway/Pad
MAAR Subdivision Name
FOX MEADOWS GARDENS
Legal Subdivision Name
FOX MEADOWS GARDENS REV

Recent comparable sales

Median sold price

$168,000

Avg days on market

22

Sale-to-list ratio

96.6%

[Memphis, TN]

9 comparable properties found

$172,000 | 3798 Clarke Road, Memphis, TN 38115
1/2
1

$172,000

Sold 02/04/26

6
Bedrooms
4
Bathrooms
2,589
Square Feet
0.23
Acres
a front view of a house with a yard
1/2
2

$168,000

Sold 05/22/26

6
Bedrooms
4
Bathrooms
2,692
Square Feet
0.22
Acres
a view of building with car parked
1/2
3

$193,500

Sold 08/29/24

6
Bedrooms
4
Bathrooms
2,502
Square Feet
0.22
Acres
a living room with furniture and a couch
1/41
4

$170,000

Sold 02/27/26

6
Bedrooms
4
Bathrooms
2,683
Square Feet
0.13
Acres
a view of a brick house with yard
1/9
5

$173,000

Sold 09/29/25

6
Bedrooms
4
Bathrooms
2,683
Square Feet
0.20
Acres
$155,000 | 3797-3799 Jasmine Drive, Memphis, TN 38115
1/2
6

$155,000

Sold 05/08/26

6
Bedrooms
4
Bathrooms
2,532
Square Feet
0.22
Acres
$161,500 | 3873 Jasmine Drive, Memphis, TN 38115
1/2
7

$161,500

Sold 11/13/24

6
Bedrooms
4
Bathrooms
2,984
Square Feet
0.21
Acres
a front view of a house with a yard
1/29
8

$161,700

Sold 01/30/25

6
Bedrooms
5
Bathrooms
2,751
Square Feet
0.23
Acres
$135,550 | 3803-3805 Hyacinth Drive, Memphis, TN 38115
1/24
9

$135,550

Sold 08/13/26

6
Bedrooms
4
Bathrooms
2,134
Square Feet
0.23
Acres

Location

Listing Courtesy of eXp Realty, LLC

Sold By eXp Realty, LLC

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Building Information for 3585-3587 Fox Meadows Road

Stories1Year Built1970Building Size-Lot Size0.29 AC / 12,600 SF

Payment Calculator

$1,166 per month

30 year fixed, 6.55% Interest

Principal and Interest

$991

Property Taxes

$175

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 3585-3587 Fox Meadows Road

Summary
Location and General Information
  • Address: 3585/3587 FOX MEADOWS RD
  • Address Search Number: 3585
  • Directions: Headed East on Winchester, Take A Left Onto Fox Meadows Rd & Its The First Property On The Left.
  • Geo Match Code: 3
  • Geo Matched Method: 2
  • Geo Quality: 1.00
  • Geo Update Timestamp: 07-12-2024
  • Geo Zoom Level: 17.00
  • Map Coordinate: D
  • MLS Map Num: Fox Meadows
Parking
  • Carport Garage: Carport
  • Parking Display: C2
Taxes and HOA Information
  • Hot Water: Electric
  • LVT Date: 07-12-2024
Property
Lot Information
  • Lot Size: 105X120
  • Lot Num: 196
  • Lot Description: Some Trees
  • Parcel ID: 074111 00008
Property and Assessments
  • Service Type: Full Service Listing
Utilities
  • Cooling: Central Cooling
Interior and Exterior Features
Exterior Features
  • Pool Description: None
  • Roof: Composition Shingles
Interior Features
  • Appliances / Equipment: Range/Oven (Built-In)
  • Approx Sq Ft Entire Duplex: 2400-2599
  • Floors/Ceilings: Part Hardwood, Tile, Textured Ceiling
  • Heating: Central
  • Miscellaneous Interior: Pull Down Attic Stairs
Multi Family
Unit 1
  • Unit 1: Breakfast Bar, Separate Dining Room, Separate Living Room
  • Unit 1 Bedrooms: 3
  • Unit 1 BR 2 Dimension: 0x0
  • Unit 1 BR 3 Dimension: 0x0
  • Unit 1 Den GR Dimensions: 0x0
  • Unit 1 DR Dimension: 0x0
  • Unit 1 Full Baths: 2
  • Unit 1 Half Baths: 0
  • Unit 1 LR Dimension: 0x0
  • Unit 1 Monthly Rent: $1,395
  • Unit 1 Total Baths: 2
Unit 2
  • Unit 2: Breakfast Bar, Separate Dining Room, Separate Living Room
  • Unit 2 Bedrooms: 3
  • Unit 2 BR 2 Dimension: 0x0
  • Unit 2 BR 3 Dimension: 0x0
  • Unit 2 Den GR Dimension: 0x0
  • Unit 2 DR Dimension: 0x0
  • Unit 2 Full Baths: 2
  • Unit 2 Half Baths: 0
  • Unit 2 LR Dimension: 0x0
  • Unit 2 Monthly Rent: $800
  • Unit 2 Total Baths: 2

Property History for 3585-3587 Fox Meadows Road

DateEvent & SourcePriceAppreciation
Aug 16, 2024

Sold

MAARMLS #10176769

$195,000
Jul 19, 2024

Contract Signed

MAARMLS #10176769

Jul 12, 2024

Contract Out

MAARMLS #10176769

DateEvent & SourcePrice
08/16/2024

Sold

MAARMLS #10176769

$195,000
07/19/2024

Contract Signed

MAARMLS #10176769

07/12/2024

Contract Out

MAARMLS #10176769

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

Schools near 3585-3587 Fox Meadows Road

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

Wooddale Middle School
Charter6 to 8

Wooddale High School
Public9 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 3585-3587 Fox Meadows Road, Memphis, TN 38115
$195,000
6
4
2,506
12,600
$195,000
4
2,506
12,074
$99,000
12
4
2,448
8,712
$107,500
6
4
2,473
0
$400,000
13,500
170,280
4
2,520
8,886

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty, LLC

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.