For sale

Price cut: $1K (12/13)

$174,000

516 E Raines Rd, Memphis, TN 38109

6beds

1,478sqft

Est.:

Single Family Residence

Built in 1953

0.42 Acres Lot

$172,700 Zestimate^®

$118/sqft

$-- HOA

What's special

Separate in-law suiteHuge backyardUpdated front windowsSpacious in-and-out front driveway

6-bed, 2.5-bath home in Whitehaven with tons of potential! The main house offers 4 beds, 1.5 baths, updated front windows, and a 2-year-old roof. Enjoy a spacious in-and-out front driveway and a huge backyard. The separate in-law suite features 2 beds, 1 full bath, LR, kitchen, its own address, and private parking pad. Sq Ft is estimated so buyer must do own due diligence. Previously used as a commercial tax office. SOLD AS IS. Ideal for investors seeking dual income or homeowners looking to rent part of the home. No owner financing. Don’t miss this versatile opportunity! Seller will need to remain in the property 30 days after closing. For appointments please contact Broker Bay who will make arrangements with the Seller to show the property. No sign / no key box available.

208 days

341

9

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1

Primary bedroom

Area: 168
Dimensions: 12 x 14

Bedroom 2

Area: 110
Dimensions: 10 x 11

Bedroom 3

Area: 143
Dimensions: 11 x 13

Bedroom 4

Area: 143
Dimensions: 11 x 13

Dining room

Features: Separate Dining Room
Area: 108
Dimensions: 9 x 12

Kitchen

Area: 108
Dimensions: 9 x 12

Living room

Features: Separate Living Room
Area: 187
Dimensions: 11 x 17

Den

Dimensions: 0 x 0

Heating

Central

Cooling

Central Air, Window Unit(s)

Features

Full Bath Down, Other (See Remarks), Primary Down, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
Flooring: Part Carpet
Windows: Aluminum Frames
Has fireplace: No

Interior area

Total interior livable area: 1,478 sqft

Property

Parking

Total spaces: 1
Parking features: Circular Driveway, Driveway/Pad, Garage Faces Front, Other (See REMARKS)
Has garage: Yes
Covered spaces: 1
Has uncovered spaces: Yes

Features

Stories: 1.5
Patio & porch: Patio
Exterior features: Storage
Pool features: None

Lot

Size: 0.42 Acres
Dimensions: 100 x 185
Features: Some Trees

Details

Parcel number: 076023 00016

Construction

Type & style

Home type: SingleFamily
Architectural style: Other (See Remarks)
Property subtype: Single Family Residence

Materials

Stone, Wood/Composition
Roof: Composition Shingles

Condition

New construction: No
Year built: 1953

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Security: Wrought Iron Security Drs
Subdivision: None Listed

Location

Region: Memphis

Financial & listing details

Price per square foot: $118/sqft
Tax assessed value: $159,200
Annual tax amount: $3,740
Price range: $174K - $174K
Date on market: 7/17/2025
Cumulative days on market: 208 days

Estimated market value

$172,700

$164,000 - $181,000

$1,806/mo

Price history

Date	Event	Price
12/13/2025	Price change	$174,000-0.6%$118/sqft
Source: MAAR #10201456 Report a problem
8/15/2025	Price change	$175,000-12.5%$118/sqft
Source: MAAR #10201456 Report a problem
7/17/2025	Listed for sale	$200,000$135/sqft
Source: MAAR #10201456 Report a problem