$399,000
●
House -
For Sale
816 Charles Pl
Memphis, TN 38112
6 Beds
2 Baths,
1
Half Bath
2,314 Ft²
$2,357
Est. Monthly
About This Property
Special Listing in the heart of Hein Park right across the campus
from Rhodes College. Fully fenced home with an amazing functional
pool, Home comes with a mother in Law suite, which can be easily
rented to Rhodes College students. Mother in law suite is a studio
with a kitchenette, full bathroom and a bedroom with small yard
worth seeing, with full privacy.
Main House has 4 Bedroom an 1 full and 1 half bath and an amazing pool and a fully fenced backyard with privacy to enjoy the pool.
House is unique and on the list of historic homes! New roof, New HVAC, New appliances and light fixtures, pool has been restored fully, and perfect for investment or Primary home that can also generate some income from the back house that can help towards the mortgage.Make it an amazing airbnb or live and enjoy California style home for price next to nothing. Dont miss it!
Main House has 4 Bedroom an 1 full and 1 half bath and an amazing pool and a fully fenced backyard with privacy to enjoy the pool.
House is unique and on the list of historic homes! New roof, New HVAC, New appliances and light fixtures, pool has been restored fully, and perfect for investment or Primary home that can also generate some income from the back house that can help towards the mortgage.Make it an amazing airbnb or live and enjoy California style home for price next to nothing. Dont miss it!
Unit Size
2,314 Ft²
Days on Market
27 days
Land Size
0.21 acres
Price per sqft
$172
Property Type
House
Property Taxes
$398
HOA Dues
-
Year Built
1925
Listed By
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 27 days ago (Realtracs #RTC3594113)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 17, 2026 | Listed by Compass | $399,000 | |
| Listed by Compass | |||
| Jul 26, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 10, 2026 | In contract | - | |
| In contract | |||
| Apr 9, 2026 | Listed by The Agency Nashville, LLC | $399,000 | |
| Listed by The Agency Nashville, LLC | |||
   | |||
|
Beautiful home in Hein park right infront of Rhodes College with a full fenced private pool and an ADU. Investors alert perfect for those who are looking for a house hack. House with an ADU completely separated from the main house, you can live in the main house and rent the ADU.
that can help towards your mortgage, Currently occupied making $4000 a month.Comes fully furnished. Located on Rhodes college campus in the prestigious Hein Park neighborhood. Less than 5 minutes to Downtown Memphis, UT Medical campus and Hospitals. Central location with approximate to everywhere in Memphis like Mud Island and Downtown. Home with a pool and full fenced with a privacy. This can be a great opportunity for generating multifamily wealth as there is a complete separate adu( whole unit with separate utilities a kitchenette and a full bath and a bedroom suite) that you can rent separately to Rhodes student or an airbnb guest while living in the front house that has two stories, second story has a bedroom and a half bath. main floor has 3 bedrooms and a full bath, a beautiful kitchen with stainless steel appliances, new hvac, new roof. Schedule your showing today.
| |||
| Dec 14, 2023 | No longer available | - | |
| No longer available | |||
Show More
Property Highlights
Air Conditioning
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Appliances: Electric Range, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer
Flooring Type: Wood, Luxury Vinyl, Tile
Laundry Features: Electric Dryer Hookup, Washer Hookup
Basement: Crawl Space
Exterior Details
Square Footage: 2314
Square Footage Source: $0
Year Built: 1925
Building Area Total: 2314
Levels: One
Building Area Units: Square Feet
Construction Materials: Wood Siding
Pool Features: In Ground
Pool is Private
Lot Size Area: 0.21
Lot Size Units: Acres
Lot Size Acres: 0.21
Lot Size Square Feet: 9147.6
Lot Size Dimensions: 60X150
Water Source: Public
Financial Details
Tax Annual Amount: $4,773
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air
Heating Type: Central
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Midtown
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Listed by: Sana Shah, Compass
Last Updated: 27 days ago
Data Source: Realtracs, MLS# RTC3594113
Last Updated: 27 days ago
Data Source: Realtracs, MLS# RTC3594113
All information should be verified by the recipient and none is guaranteed as accurate by Realtracs.
Brokerage email: [email protected]
Brokerage email: [email protected]
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