Great rental property for sale! BUILDING is for sale: NOT available for a new tenant! Currently, a long-term tenant is paying $1500 per month and is month to month operating a successful daycare. The property was previously used as a dental business; could also be a medical or office in a thriving commercial area of Raleigh near Stage and Austin Peay Hwy. The tenant pays all utilities, licensing, insurance, lawn maintenance & interior repairs. The owner pays taxes & liability insurance. The property is in good condition with recent improvements: the architectural roof was replaced 2018; HVAC was replaced 2021; the water heater in 2024; fresh exterior paint in 2024. Interior features include 2 large half bathrooms, with an open interior that could create 4-6 office spaces, plus additional space to create a kitchenette. Currently, there are 4 parking spaces on this corner lot with the potential for additional parking spaces. Call for details or to answer any questions.
Closed
$155,000
4340 Fayette Rd Lot 2, Memphis, TN 38128
0beds
1,300sqft
Single Family Residence, Residential
Built in 1973
6,534 Square Feet Lot
$150,100 Zestimate®
$119/sqft
$1,209 Estimated rent
Home value
$150,100
$140,000 - $161,000
$1,209/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: October 17, 2025 at 05:03pm
Listing Provided by:
Cheryl Brogdon 901-461-3633,
KAIZEN REALTY LLC
Bought with:
Lisa Nelson
901, REALTORS
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3020174
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 2
- 1/2 bathrooms: 2
Heating
- Central, Natural Gas
Cooling
- Central Air
Features
- Flooring: Tile
- Has fireplace: No
Interior area
- Total structure area: 1,300
- Total interior livable area: 1,300 sqft
Property
Parking
- Parking features: Parking Lot
Features
- Levels: Three Or More
- Stories: 1
- Patio & porch: Porch
Lot
- Size: 6,534 sqft
- Dimensions: 70 x 98
Details
- Parcel number: 088005 00005
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Single Family Residence, Residential
Materials
- Roof: Shingle
Condition
- New construction: No
- Year built: 1973
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Available, Water Available
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Memphis
- Subdivision: Raleigh
Price history
| Date | Event | Price |
|---|---|---|
| 1/17/2025 | Sold | $155,000$119/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #3020174 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Raleigh
Nearby schools
GreatSchools rating
- 3/10Raleigh- Bartlett Meadows SchoolGrades: PK-5Distance: 1.7 mi
- 6/10Craigmont Middle SchoolGrades: 6-8Distance: 1.7 mi
- 3/10Craigmont High SchoolGrades: 9-12Distance: 1.5 mi
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