2012 CARNES AVE

Active

Memphis, TN 38114

Bedrooms
0
Bathrooms
3,486.00
Sq Ft
Acres
Updated 11 minutes ago MLS #: 3129745 Listed 5 months ago

$254,900.00

Est. Monthly: $1,230.26
$73
Per Sq Ft

About This Property

Located in a solid rental area, this 4-plex property offers excellent income potential. The property features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, making it a versatile addition to any investment portfolio. One of the 2-bedroom units was previously rented to a Section 8 tenant for $945 per month, demonstrating strong rental demand. With full occupancy, this property has the potential to generate $3,200+ in monthly income. Conveniently situated near Downtown Memphis, Midtown, and major freeway access, this property provides easy access to dining, shopping, and employment centers. Don’t miss this great opportunity to own an income-producing multi-family property!

Location

Subdivision FLOWER GARDEN
Directions From Airways and Lamar, west on Lamar towards S Parkway E, right on Carnes Ave, property is on the left

Interior Features

Cooling Gas
Flooring Wood,Tile

Exterior & Property

Stories 2
Construction Materials Brick

Schools

Property Details

Property Type Residential Income
Year Built 1925
Annual Taxes $2,534.00
Listing Office ResiAmerica Inc
Listing Agent Christopher Mosby
MLS Logo

MLS Information

Based on information submitted to the MLS GRID as of 2026-04-04T09:37:21+00:00. All data is obtained from various sources and may not have been verified by broker or MLS GRID.

Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Market Insights

Explore market data for Memphis and the FLOWER GARDEN neighborhood

Memphis Market

City-wide statistics

Explore Memphis
123
Active Listings
$233,628.76
Avg Price
2,076
Avg Sq Ft
3.4
Avg Bedrooms

FLOWER GARDEN

Neighborhood statistics

Explore FLOWER GARDEN
1
Active Listings
$254,900.00
Avg Price
3,486
Avg Sq Ft
0.0
Avg Bedrooms

Property History

Timeline of listing events and status changes

Currently Listed

MLS# 3129745

Currently active listing

1 month ago • Feb 13, 2026

161 days on market

$254,900.00

Originally: $289,900.00