Investor opportunity in a strong rental market! This all-brick, low-maintenance, charming 3-bedroom, 1.5-bath home offers 1,080 sq. ft. of living space on a fenced 0.15-acre lot. Features include central heat and air, newer dimensional roof, updated electrical panel with room to expand, new thermostat, Kwikset SmartKey exterior locks, new LED lighting throughout, new switches/outlets/GFIs, and updated exterior lights. Interior highlights include a spacious den, large kitchen with ample cabinets and breakfast area, and renovated baths with tile flooring, new toilets, and updated venting. Bedrooms feature carpet, while common areas have tile flooring. Recent upgrades provide reduced maintenance and long-term value. Currently tenant-occupied with a long-term resident paying $1,150/month (month-to-month lease; market rent ~$1,300/month). Low-maintenance, income-producing property ideal for buy-and-hold investors seeking stable cash flow and future upside. Do not disturb the tenant.
Pending
Price cut: $2.9K (11/7)
$117,000
123 Loraine Rd, Memphis, TN 38109
3beds
1,084sqft
Est.:
Single Family Residence
Built in 1972
6,534 Square Feet Lot
$-- Zestimate®
$108/sqft
$-- HOA
What's special
Newer dimensional roofUpdated electrical panelRenovated bathsSpacious denTile flooringNew led lightingKwikset smartkey exterior locks
- 125 days |
- 29 |
- 0 |
Zillow last checked: 8 hours ago
Listing updated: November 20, 2025 at 08:51am
Listed by:
Heath F Gooch,
STIXNBRIX 901-969-4578
Source: MAAR,MLS#: 10204432
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Rooms
- Room types: Attic
Primary bedroom
- Features: Carpet
- Level: First
- Area: 120
- Dimensions: 10 x 12
Bedroom 2
- Features: Carpet, Shared Bath
- Level: First
- Area: 110
- Dimensions: 11 x 10
Bedroom 3
- Features: Carpet, Shared Bath
- Level: First
- Area: 100
- Dimensions: 10 x 10
Bedroom 4
- Dimensions: 0 x 0
Bedroom 5
- Dimensions: 0 x 0
Primary bathroom
- Features: Tile Floor, Half Bath
Dining room
- Dimensions: 0 x 0
Kitchen
- Features: Updated/Renovated Kitchen, Eat-in Kitchen, W/D Connection in Kitchen
- Area: 168
- Dimensions: 12 x 14
Living room
- Features: Separate Den
- Dimensions: 0 x 0
Basement
- Dimensions: 0 x 0
Office
- Dimensions: 0 x 0
Bonus room
- Dimensions: 0 x 0
Den
- Area: 198
- Dimensions: 11 x 18
Heating
- Central, Natural Gas
Cooling
- 220 Wiring, Central Air
Appliances
- Included: Electric Water Heater, Range/Oven, Dishwasher
Features
- All Bedrooms Down, 1 or More BR Down, Primary Down, Renovated Bathroom, Full Bath Down, Half Bath Down, Textured Ceiling, Cable Wired, Storage, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
- Flooring: Part Carpet, Tile, Vinyl
- Windows: Aluminum Frames, Storm Window(s), Window Treatments
- Attic: Pull Down Stairs,Attic Access
- Has fireplace: No
Interior area
- Total interior livable area: 1,084 sqft
Property
Parking
- Parking features: Driveway/Pad, Storage
- Has uncovered spaces: Yes
Features
- Stories: 1
- Patio & porch: Patio
- Exterior features: Storage, Sidewalks
- Has private pool: Yes
- Pool features: Above Ground
- Fencing: Chain Link,Chain Fence
Lot
- Size: 6,534 Square Feet
- Dimensions: 60 x 115
- Features: Level
Details
- Parcel number: 076127 00003
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Brick Veneer
- Foundation: Slab
- Roof: Composition Shingles
Condition
- New construction: No
- Year built: 1972
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Community
- Security: Smoke Detector(s), Iron Door(s), Dead Bolt Lock(s)
- Subdivision: Smith-turley Rev
Location
- Region: Memphis
Financial & listing details
- Price per square foot: $108/sqft
- Tax assessed value: $62,900
- Annual tax amount: $1,035
- Price range: $117K - $117K
- Date on market: 8/27/2025
- Cumulative days on market: 119 days
Estimated market value
Not available
Estimated sales range
Not available
$1,184/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/20/2025 | Pending sale | $117,000$108/sqft |
Source:  MAAR #10204432 Report a problem | ||
| 11/7/2025 | Price change | $117,000-2.4%$108/sqft |
Source: MAAR #10204432 Report a problem | ||
| 10/16/2025 | Price change | $119,900-4%$111/sqft |
Source: MAAR #10204432 Report a problem | ||
| 8/27/2025 | Listed for sale | $124,900+24.9%$115/sqft |
Source: MAAR #10204432 Report a problem | ||
| 5/31/2022 | Sold | $100,000+244.8%$92/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,036 +8.1% | $15,725 |
| 2023 | $958 | $15,725 |
| 2022 | -- | $15,725 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$580/mo
Principal & interest
$454
Property taxes
$85
Home insurance
$41
Climate risks
Neighborhood: White Haven-Coro Lake
Nearby schools
GreatSchools rating
- 4/10Geeter SchoolGrades: PK-8Distance: 0.8 mi
- 5/10Freedom Preparatory AcademyGrades: 6-12Distance: 0.9 mi
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