Last Sold Price
20,640 sqft$80/sqft
3945 Macon Rd, Memphis, TN 38122

Description

Rare opportunity for an investor looking to purchase a value-add property in the desirable Berclair community. Significant upside through interior unit renovations, enhancing the common areas and improving operations. Located near the most highly sought-after Grahamwood Elementary School, new commercial development and within minutes from Memphis International Airport, Downtown Memphis, FedEx Forum, AutoZone Park, the famous Beale Street and much, much more! Occupancy rate increased to 98.5%.Rare opportunity for an investor looking to purchase a value-add property in the desirable Berclair community. Significant upside through interior unit renovations, enhancing the common areas and improving operations. Located near the most highly sought-after Grahamwood Elementary School, new commercial development and within minutes from Memphis International Airport, Downtown Memphis, FedEx Forum, AutoZone Park, the famous Beale Street and much, much more! Occupancy rate increased to 98.5%.
LISTING CLOSED: 09/09/2022 12:00 AM

  1. Listed by Yvonne Spencer • Braden, Braden & Braden LLC
  2. Listed by Curtis Braden • Braden, Braden & Braden LLC

Property Details for 3945 Macon Road

Status
MLS #
10126246
Days on Market
45
Taxes
$17,419 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi-Family / Apartment Complex
Year Built
1975
Lot Size
1.42 AC / 61,952 SF
Area
752E
MAAR Subdivision Name
GRAHAM SQUARE APARTMENTS
Legal Subdivision Name
GRAHAM SQUARE APTS PROJECT

Recent comparable sales

Median sold price

$1,355,000

Memphis, TN

9 comparable properties found

1

$1,850,000

Sold 10/30/24

Unavailable
Bedrooms
Unavailable
Bathrooms
2,050
Square Feet
1.36
Acres
2

$2,666,666

Sold 10/01/24

Unavailable
Bedrooms
Unavailable
Bathrooms
20,390
Square Feet
2.74
Acres
3

$1,275,000

Sold 12/22/25

Unavailable
Bedrooms
1
Bathrooms
22,576
Square Feet
1.05
Acres
4

$1,355,000

Sold 10/16/25

Unavailable
Bedrooms
Unavailable
Bathrooms
7,606
Square Feet
0.83
Acres
5

$60,000

Sold 01/13/25

Unavailable
Bedrooms
Unavailable
Bathrooms
18,960
Square Feet
1.46
Acres
6

$1,421,000

Sold 02/26/26

Unavailable
Bedrooms
Unavailable
Bathrooms
16,738
Square Feet
1.37
Acres
7

$1,750,000

Sold 03/14/25

Unavailable
Bedrooms
Unavailable
Bathrooms
8,100
Square Feet
1.31
Acres
8

$900,000

Sold 04/18/25

Unavailable
Bedrooms
Unavailable
Bathrooms
20,496
Square Feet
1.56
Acres
9

$1,350,000

Sold 06/30/26

Unavailable
Bedrooms
Unavailable
Bathrooms
20,284
Square Feet
1.77
Acres

Location

Listing Courtesy of Braden, Braden & Braden LLC

Sold By REMAX Experts, LLC

Add your commute

Building Information for 3945 Macon Road

Stories-Residences24Year Built1975Building Size-Lot Size1.42 AC / 61,952 SF

Payment Calculator

$9,838 per month

30 year fixed, 6.55% Interest

Principal and Interest

$8,387

Property Taxes

$1,452

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 3945 Macon Road

Summary
Location and General Information
  • Address: 3945 MACON RD
  • Address Search Number: 3945
  • Directions: From Poplar Ave and S Reese St turn left onto Highland Ave, right onto Tutwiler Rd, left onto N Graham St and left onto Macon Rd.
  • Map Coordinate: E
  • MLS Map Num: Kingsbury
Taxes and HOA Information
  • Hot Water: Electrical
  • LVT Date: 06-13-2022
  • Annual Insurance Expenses: $11,000
Property
Lot Information
  • Lot Size: 160 X 387.2
  • Lot Num: 4
  • Parcel ID: 038094 00006
Property and Assessments
  • Foundation: Slab
  • Percent Occupancy: 98
  • Service Type: Full Service Listing
Interior and Exterior Features
Exterior Features
  • Roof: Pitched
Interior Features
  • Floors/Ceilings: Partial Carpet
Multi Family
Multi-Family Information
  • Num of 1 Bedroom Units: 0
  • Num of 2 Bedroom Units: 24
  • Num of 3 Bedroom Units: 0
  • Num of Efficiency Studio Units: 0
  • Num of Buildings: 2
  • Num Other Units: 0
  • Annual Operating Expenses: $56,627
  • Assumption: Other (Call LA)
  • Average Annual Utilities: $1,392
  • Construction: Brick
  • Cooling Systems: Central
  • Existing Financing: Private/Owner
  • Heating Systems: Central
  • Land Sqft: 61898
  • Laundry: Connections
  • Operating Expenses: Insurance, Management, Other (Call LA), Pest Control, Repairs/Maintenance, Services, Some Utilities
  • Parking Facility: Asphalt/Blacktop
  • Possession: At Closing
  • Sale Includes: Building and Land
  • Source Of Info: Current Records, Owner, Rent Roll
  • Tenant Pays: Electric, Gas
  • Type Units: 2 BR - 1+ Baths

Property History for 3945 Macon Road

DateEvent & SourcePriceAppreciation
Sep 9, 2022

Sold (Public Record)

Public Record #1497350168

$1,650,000

+12.9% / yr

Sep 9, 2022

Sold

MAARMLS #10126246

$1,650,000
Jul 28, 2022

Contract Signed

MAARMLS #10126246

DateEvent & SourcePrice
09/09/2022

Sold (Public Record)

Public Record #1497350168

$1,650,000

+12.9% / yr

09/09/2022

Sold

MAARMLS #10126246

$1,650,000
07/28/2022

Contract Signed

MAARMLS #10126246

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

Public Records for 3945 Macon Road

Taxable ValueLand$49,520Additions$247,280Total$296,800
Tax Record2024$19,545 ($1,629 / month)
Home Facts
Baths2Total Finished SqFt13,760 SqFtAbove Grade Finished SqFt13,760 SqFtStories1Lot Size61,899 SqFtStyleMulti-Family Res (5+ Units)Year Built1975ZoningRU-3CountySHELBYAPN038-094- - -00006Fireplace TypeHas Fireplace

Schools near 3945 Macon Road

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

Treadwell Middle School
Public6 to 8

Kingsbury High School
Public9 to 12

Aurora Collegiate Academy
CharterPK to 5

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: 3945 Macon Road, Memphis, TN 38122
$1,650,000
20,640
61,952
$33,101
2
1
840
6,716
$95,000
3
870
9,147
$23,500
3
1,326
9,147
$69,000
3
1,199
6,534
$12,670
3
1,055
6,098

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 Braden, Braden & Braden 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.