Sold
Last Sold Price
20,640 sqft
3945 Macon Rd, Memphis, TN 38122
Multi FamilyProperty Type
1.42 acresLot Size
1975Year Built
$80/sq ftPrice per sq ft

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%.
  • Listed by: Yvonne Spencer • Braden, Braden & Braden LLC
  • Listed by: Curtis Braden • Braden, Braden & Braden LLC
Listing closed: 09/09/2022 12:00 AM • Source: MAARMLS, MLS#: 10126246

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Location

Listing Courtesy of Braden, Braden & Braden LLC

Sold By REMAX Experts, LLC

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Payment Calculator

$10,260 per month

30 year fixed, 7.03% Interest

Principal and Interest

$8,809

Property Taxes

$1,452

HOA Dues

$0

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Property Information for 3945 Macon Road

Property Details
  • Taxes: $17,419 / year
  • MLS Type: Multi-Family / Apartment Complex
  • Area: 752E
  • MAAR Subdivision Name: GRAHAM SQUARE APARTMENTS
  • Legal Subdivision Name: GRAHAM SQUARE APTS PROJECT
Building Information
  • Residences: 24
  • Year Built: 1975
  • Lot Size: 1.42 AC / 61,952 SF
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 Record2025$7,984 ($665 / month)
Home Facts
Baths2Total Finished SqFt20,640 SqFtAbove Grade Finished SqFt20,640 SqFtStories1Lot Size61,898 SqFtStyleMulti-Family Res (5+ Units)Year Built1975Year Renovated1975ZoningRU-3CountySHELBYAPN03-8094-0-0006

Schools near 3945 Macon Road

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

Treadwell Middle School
Public6 to 8

Kingsbury High School
Public9 to 12

Westside Middle
Charter6 to 8

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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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, Reelfoot Regional AOR 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, Reelfoot Regional AOR 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, Reelfoot Regional AOR and Central West Tennessee Association of Realtors. Listing information Copyright© 2026 MLS of MAAR, Reelfoot Regional AOR and Central West Tennessee Association of Realtors, Inc. All Rights Reserved.